KuCoin review 2023 - Full overview of KuCoin crypto exchange

• KuCoin overview – What is KuCoin?
• Kukoin Alternatives
• KuCoin pros and Cons
• KuCoin Fees
• Cryptocurrencies on KuCoin
• KuCoin Trustworthy and Regulated?
• FAQs about KuCoin cryptocurrency exchange

Nowadays, crypto exchanges are subject to very thorough checks before using it, but until now no one doubted KuCoin. It is a reliable and trustworthy exchange that has a large user base, low fees, and a wide range of supported cryptocurrencies.

In this article, you will be able to familiarize yourself with KuCoin fully, analyze its history, supported cryptocurrencies, Reviews, and much more. We will also conduct an objective comparison of KuCoin with some of its main competitors. This article will be very useful for crypto enthusiasts, so read it to the end.

KuCoin Overview – What is KuCoin?

KuCoin is a large cryptocurrency exchange that has been operating since 2017 with more than 400 cryptocurrencies available. The exchange was founded in Seychelles by a group of crypto enthusiasts and has 350 employees worldwide at the time of writing. You won’t get bored on the platform as there is a wide range of services available, including spot trading, margin trading, staking, and lending.

In addition to the nice SEO, KuCoin crypto exchange has a number of other features, for example, a very wide range of cryptocurrencies is available in it, at the moment the platform supports more than 400 cryptocurrencies, including both advanced and litecoins (Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), Dogecoin (DOGE) and many others.).

KuCoin Alternatives 

Despite the fact that KuCoin crypto exchange is a popular, unique and professional platform, it has alternatives, which we will now list:

Coinbase

CoinBase is recognized as one of the most popular cryptocurrency exchanges in the world. The platform was founded back in 2012 by a bunch of enthusiastic entrepreneurs from the USA. On CoinBase you can find a wide range of unique trading tools suitable for both beginners and experienced crypto enthusiasts.

At one time, CoinBase made a big bet on litecoins and the number of available cryptocurrencies could reach 1000, but after the onset of the crypto winter, they reduced this number to 200, which in principle is still more than many of its competitors. Of the minuses, customers note too high commissions for some services, but in general they are satisfied with the platform.

Read our review of Coinbase crypto exchange

Bybit

ByBit is a leading cryptocurrency derivatives exchange founded in 2018. It offers trading in perpetual contracts for cryptocurrencies including such popular ones as Bitcoin, Ethereum, Dogecoin, Solana and others.

The exchange has a number of unique features, including a simple and user-friendly interface, high-end security system, a large selection of cryptocurrencies and a professional support team that works around the clock. Bybit uses standard security measures such as SSL encryption, two-factor authentication and cold storage to ensure security funds of their users. Bybit also offers an insurance fund to protect traders in the event of unexpected market movements or system failures.

Read our review of ByBit crypto exchange

Gemini

Gemini, founded in 2014 by the infamous Winklevoss twins (you know, the ones who claimed to invent Facebook), is a regulated cryptocurrency exchange that’s licensed to operate in multiple countries, including the USA, Canada, and the UK. They offer a wide variety of trading pairs, including the popular Bitcoin, Ethereum, and Litecoin, as well as more niche options like Filecoin and Orchid.

The main feature of Gemini is their priority on security, they have paid great attention to SSL encryption, high-end data protection, as well as two-factor authentication. Gemini is one of the safest crypto platforms according to statistics.

Read our review of Gemini crypto exchange

KuCoin Pros and Cons

Pros:

• Low fees: Kucoin Fees are the lowest on the entire crypto market, very democratic, unlike competitors;
• Strong user base: Here you can find a large and friendly community of traders;
• Wide range of coins: KuCoin crypto exchange offers a big range of cryptocurrencies for trading (400+);
• Earn interest on your crypto;
• Advanced trading features: Here you can find a huge number of tools and features for traders;
• Good customer service.

Cons:

• Not licensed in the U.S.: KuCoin is not licensed to operate in the United States;
• Limited payment methods: KuCoin only accepts a few payment methods;
• Not for new traders: KuCoin’s advanced trading features make it unsuitable for beginners;
• Limited educational resources: KuCoin’s educational resources are limited;
• Suffered a major hacking incident in 2020: KuCoin crypto exchange suffered a major hack in 2020, which raised concerns about its security.

Fees & Commissions

Commissions, or rather their size, are an advantage of Kucoin Crypto Exchange, as they always charge a flat fee of 0.1% from both makers and takers, which is very small compared to other exchanges. In addition, KuCoin crypto exchange constantly offers pleasant discounts to its users if they have a KCS token, which can also reduce the commission.

KuCoin’s fee structure is very simple and does not charge any deposit fees for most cryptocurrencies (this has always been a daunting prospect for many newbies). To better understand their fee structure, take a look at the table below:

Cryptocurrencies on KuCoin

KuCoin crypto exchange is like a candy store for crypto enthusiasts, with over 400 different cryptocurrencies to choose from. They’ve got all the classics, like Bitcoin (BTC) and Ethereum (ETH), as well as some trendy new coins like Solana (SOL) and Dogecoin (DOGE) that are all the rage with the kids these days. If you’re into XRP (XRP), Cardano (ADA), Polkadot (DOT), Polygon (MATIC), or TRON (TRX), don’t worry, KuCoin has got you covered too. And just like a candy store, KuCoin crypto exchange is always adding new treats to their shelves, so you can try out the latest and greatest coins. So go ahead, indulge your sweet tooth and check out KuCoin’s extensive selection of cryptocurrencies:

• Bitcoin (BTC)
• Ethereum (ETH)
• XRP (XRP)
• Cardano (ADA)
• Solana (SOL)
• Dogecoin (DOGE)
• Polkadot (DOT)
• Polygon (MATIC)
• TRON (TRX)

Is your cryptocurrency safe with KuCoin?

Ah, the age-old question: is my crypto safe with KuCoin? Well, my dear friend, the answer is yes…and no. Let me explain.

First, the good news. KuCoin takes security seriously and has implemented a number of measures to protect your precious digital assets. They use industry-standard practices like two-factor authentication and cold storage to keep your funds safe from prying eyes. Plus, they’ve got a pretty good track record when it comes to security breaches (knock on wood). So, you can rest easy knowing that your crypto is in good hands…for the most part.

Now, for the bad news. Unfortunately, no exchange is 100% safe from hacks and cyberattacks, and KuCoin is no exception.In the history of KuCoin, there were cases of hacking customer accounts by intruders, but the truth is they are isolated and the platform management quickly began to fight it

FAQ about KuCoin

Can I Trust KuCoin? 

In short – yes. KuCoin has always been perceived as a reliable cryptocurrency exchange. As practice shows, they take security seriously and have a lot of experience when it comes to protecting user funds. However, despite all the advantages, as in any exchange, there are risks that are very difficult to prevent, therefore, despite the reputation of KuCoin, we advise you to use the highest possible level of security.

Can US Citizens Use KuCoin? 

US citizens can use KuCoin, however certain restrictions may apply depending on your state of residence. We advise you to check the rules before you start using the exchange.

Is KuCoin a Chinese company? 

Yes, the company was founded by crypto enthusiasts in China.

What is better than KuCoin? 

It depends on your preferences and desires, but in general, KuCoin has worthy alternatives, including Binance, Coinbase, and Kraken, among others.

How high can KuCoin go? 

It is impossible to predict how high KuCoin will go, as well as to predict the future of the entire crypto world, but we can assume a positive development trend based on the data already available. The company spends huge resources on the development of its platform and approaches this very professionally.

Who is KuCoin owned by?

KuCoin is owned by a company called KuCoin Global, which was founded by CEO Michael Gan and a team of cryptocurrency enthusiasts in 2017. The company is headquartered in Singapore and operates globally, with a focus on providing users with a secure and user-friendly platform for cryptocurrency trading.