Kucoin

In 2017, Michael Gan and Eric Don wrote the first code in a café to establish the Kucoin a good exchange. According to Coin Market Cap, Kucoin is among the top 10 exchanges in the world. The exchange headquarters is in Seychelles republic and Kucoin exchange CEO is Johnny LYU.

With more than 8 million users worldwide, Kucoin has a good reputation among traders.

Kucoin Exchange Benefits

• Low transaction fees

• User-friendly app and website

• Supporting numerous cryptocurrencies

• Efficient Security

• Choosing to remain anonymous

• Useful charts to evaluate the market

• Local coin which decreases the transaction fee. (Kucoin shares or KCS)

Kucoin Exchange Problems

• It is not possible to keep fiat currency in your account.

Is Kucoin safe?

Kucoin a good exchange website is protected by an encryption protocol and keeps user information secure. You can also launch Google Authenticator to it. With google authenticator, you will need to enter a security key sent to your mobile, before making a transaction on the website.

Yet Kucoin went under hackers’ attack in the year 2020. They lost over 250 million dollars of customers’ assets but compensated with insurance. So stay a little more cautious about it. Do not store large amounts of money in your account. The best way is to trade in an exchange and store cryptocurrencies in a safe personal wallet.

Kucoin Supported Cryptos

Kucoin has provided users with more than 800 different currency pairs. Currency pairs, written like BTC / ETH, mean exchanging bitcoin with ethereum. Kucoin supports more than 75% of the cryptocurrencies on the market.

These include bitcoin, ethereum, and bitcoin cash. According to Kucoin, by the end of 2021, the number of users will reach more than 12 million.