The source of the next cryptocurrency
Kucoin is a good Exchange that allows you to trade a wide number of cryptocurrencies. A group of professionals worked on projects such as Ant Financial and iBox PAY, established Kucoin in May 2017. Kucoin is one of the most trusted exchanges gaining power every day.
Kucoin at a glance
Similar Exchanges to KucoinEvery exchange has its highlights. Knowing similar exchanges to Kucoin will help you compare between them.
Know more about 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
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.