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KuCoin Review

Do you want to start buying, selling and trading cryptocurrencies, but not sure if KuCoin is the right exchange for you? Or maybe you’ve seen a certain coin listed on this exchange, and now you want to make sure it’s safe to use? So you are looking for Kucoin reviews or reviews?

Whatever you want to know about KuCoin, I’ll cover it! In this Kucoin review, I will start by giving you a brief introduction to the background of the KuCoin exchange, followed by how easy or difficult it is to make a deposit.

Introduction to Kucoin Exchange

Launched in September 2017, KuCoin is a global crypto exchange based in the Seychelles. The platform’s technical architecture was created in 2013, but it took years of polish to make it the seamless experience it is today.

In November 2018, KuCoin announced an A$20 million (USD) funding round from IDG Capital and Matrix Partners.

Known as the “People’s Exchange”, it currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking and Loan services to more than 10 million users in 207 countries and territories worldwide.

According to CoinMarketCap, KuCoin is the top 5 crypto exchange. In 2021, Forbes Advisor named KuCoin as one of the Best Crypto Exchanges.

KuCoin is a third-party exchange that allows you to buy, sell and trade many different cryptocurrencies and KuCoin opens up opportunities for the KuCoin Affiliate program. It was created in May 2017 by a group of experienced business specialists who have previously worked on projects such as Ant Financial and iBox PAY. KuCoin is one of the newest cryptocurrency exchanges in the industry.

The goal of its founders was to create a simple and secure platform for people all over the world to use to trade a wide variety of digital coins. In the long term, they want to become one of the top 10 exchanges in the world, and reach the goal in this year, best crypto exchange in 2022

KuCoin Fee

One of the main goals of KuCoin exchange is to offer very low fees to its traders (traders). But how cheap is this?

First, depositing cryptocurrency deposits is free, apart from the blockchain transaction fees you pay to make the transfer. Of course this will depend on the cryptocurrency you are using.

When trading, you will only pay 0.1% of the amount you bought. For example, if you wanted to buy $1000 worth of Litecoin, you would only pay $1! It is one of the lowest fees in the industry, which is a good reason to use the KuCoin exchange.

Payment Methods and Verification

Does KuCoin accept fiat currency? Unfortunately no, meaning you have to deposit using a different cryptocurrency.

If this is your first time in the cryptocurrency industry, the easiest way to get started is to buy a popular cryptocurrency like Bitcoin or Ethereum on Coinbase. Coinbase allows you to use traditional payment methods such as debit cards or bank accounts. After doing so, you can transfer the coins directly to your newly created KuCoin account.

How to Buy on KuCoin

Are you also wondering how to buy on this exchange? Just as easy! After you’ve filled out your account, click Markets at the top of the page.

After that, you then need to find the coin you want to buy. To do this, enter it into the search box which can be found on the right of the page. In this example, I want to buy NEO.

The exchange will then display a list of all available trading pairs for the coin you wish to buy. In this example, only NEO/BTC is available, meaning I need to exchange Bitcoin for NEO. Click on the trading pair that matches the coin you deposited!

You will now be on the main trading screen. On the right side of the page, look for the buy box shown below the order list.

All you need to do is enter the number of coins you want to buy, click on the blue best price button and then click on the green buy box to complete the trade. As simple as that!

So, now that you know how easy it is to open an account, as well as how to buy on KuCoin, the next part of this KuCoin review will look at which traders are the best fit for the KuCoin exchange!

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