KUCOIN

 I am not an expert in any way possible. I am no tech guy, no economist, and not an expert in crypto investing. I only write a review for KUcoin because I've used the product personally. This review is for new users, old users, and everyone else who is probably tired of using KUcoin.

I started using KUcoin after I made a jump from Binance. don't get me wrong Binance was great for me, I joined KUcoin out of curiosity and somehow it just got stuck. I still trade and invest in Binance but this review is a KUcoin review.

In almost one and a half years of using KUcoin, I have made a few observations. first would be the KUcoin overview. It is great and the UX is seamless. Then there's this ease of adding and changing indicators that make the UX good. This great experience has been ruined by the fact that every time you log into your trading account, all the charts you added will be reset and you have to start adding charts all over again. 

First and foremost, there are no fees associated with cryptocurrency deposits, and withdrawals are charged at the standard mining rate as per the coin you are looking to cash out.

Trading fees are really low at KuCoin, only 0.1%. This is amongst the lowest. Not many exchanges do better (Binance trading with BNB is 0.05%).

All coins can be traded against BTC and/or ETH and there are a bunch of other strong coins that I believe will be profitable in the long run especially KUcoin's very own coin called KCS.

KuCoin formed a partnership with European-based payment provider Simplex. This is perfect if you are looking to trade cryptocurrencies, at KuCoin but you do not have any digital currencies available to you. Instead, you can simply enter your debit/credit card details and get cash directly into the platform.

With that being said, it is worthy to note that the fees associated with this are not cheap. Although the occasional promotion is offered on deposit fees, this will cost you a whopping 2.5 – 3.5% on a minimum transaction worth $10.

 If you have a tendency to buy, sell, and trade cryptocurrencies on the move, then you might be interested in the mobile version of he KUcoin trading app. It is available to download on iOS and Android devices. You will have access to most account features on the app, such as placing orders, checking the value of your portfolio, and depositing and withdrawing funds.

KuCoin will process your withdrawals within 30 minutes of receiving the request. The platform is automated, and that manual process of authorization is only required if the size of your deposit is larger than 100,000 times that of the handling fee (mining fee).

Once the funds leave KuCoin, they will be transferred to the cryptocurrency wallet address of your choosing. Make sure that the address is valid, as there is nothing that KuCoin can do if you make an error!

First and foremost, there are no fees associated with cryptocurrency deposits, and withdrawals are charged at the standard mining rate as per the coin you are looking to cash out.

When it comes to trading fees outside of the futures arena, you will pay 0.1%. This means that a $10,000 trade would cost you $10 in fees. 

KCS is a proprietary cryptocurrency token created by the exchange. By owning and holding KCS tokens you will be accustomed to a number of benefits.

This includes:

Discounted Trading Fees-One of the most notable benefits of holding KuCoin Shares is that you will get discounted trading fees. Crucially, while a standard fee of 0.1% is industry-leading, you stand the potential to reduce this by an additional 20%. What you need to do is to simply turn on the KCS Pay Fee button and enjoy the discount.

Dividends-On top of reducing your trading commissions, holding an allocation of KuCoin Shares affords you the opportunity to earn dividends. In a nutshell, KuCoin as a platform will distribute 50% of the trading commissions that it collects from members each and every day.

This is then distributed proportionately across all holders of KuCoin Shares. For example, let’s suppose that you hold 1% of the entire KCS supply. If the platform pays out $250,000 in commissions, you would receive $2,500. You need to hold at least 6 KCS to benefit from the dividends.

To say the value of KuCoin Shares has capitulated since its all-time highs of January 2018 would be an understatement. At a peak of over $20 each, you can now obtain the very same tokens for less than $1 in mid-2020.

Nevertheless, if you do want to get your hands on KuCoin Shares you can do this by exchanging them at the platform for an alternative cryptocurrency like Bitcoin or Ethereum.

KU coin has a trading platform that was built from the ground-up. There is no requirement to download or install any software to your desktop device, as the KuCoin trading arena can be accessed through your standard web browser. The platform is potentially suited to both newbie investors and seasoned traders. In its most basic form, the KUcoin lending program allows you stand the chance of earning interest on your digital currency holdings by loaning currency out. The main concept is that the tokens will be used to help fund margin accounts.

The reason i say this is that while the platform is super-clean and easy to navigate through, there are heaps of advanced tools available at your disposal. In fact, you have the ability to fully customize your KuCoin trading screen however you see fit.

Best of all, KuCoin allows you to install two-factor authentication (2FA) on your account. This means that a unique code will be sent to your mobile device whenever you wish to perform key account functions. This includes logging into your account and making a withdrawal request and that makes KUcoin safe enough for me.

concerning user support, I like the KUcoin system. First, you can speak to a bot. When the problem is more complex you can click on ‘human support’. You’ll get a ticket for a waiting line (mostly waiting for 1 hour and could be more in other countries) and when it’s your turn you’ll get help. Sometimes even support can’t help and they’ll simply say that they are working on it. But you should not expect support to be a tech guy. They’re there to help and get the right people working to resolve your issues. KUcoins communication with customers is poor. I hate that aspect for any company, especially one that holds my investments, they should improve.

The main issue that I have with KuCoin is that it is not a regulated entity. While this does mean that you can trade crypto-to-crypto pairs anonymously, my funds are never 100% safe, but on a positive note, reports about a KuCoin hack are yet to surface since its start in 2017 – which is an excellent sign.

A lot of people would like to have a lot of top coins on KUcoin, but i don't think it is a great idea. I think KUcoin should diversify and maintain volume for other smaller coins people will be willing to buy. With all the top coins they stack, there's bad liquidity because i can go to other exchanges to get things done