No Verification – Nameless Buying and selling
Abstract
KuCoin is a longtime crypto change that may be referred to as as No KYC change. For day by day withdrawals as much as 1BTC you don’t must carry out KYC. Whereas this characteristic is sweet for many who are in search of anonymity, it may very well be unhealthy from the regulatory perspective. General, the platform is blazing quick, and has been round for years.
Execs
- Keep nameless – No KYC change
- Straightforward to make use of interface
- Purchase Crypto with Fiat
- Crypto to crypto buying and selling
- Crypto to fiat buying and selling
- Margin buying and selling
- Automated bot buying and selling
- Intuitive cellular app
- Wonderful buyer assist (My expertise)
Cons
- Belief points and critiques on-line aren’t that nice
Cryptocurrency exchanges are on the rise. Wouldn’t you agree?
During the last two years, there have been many cryptocurrency exchanges have come to the forefront. Nonetheless, should you return just a few years, there was just one change – Mt. Gox. Issues have been completely different.
The shift has occurred as a result of many buyers worldwide have turn into extra educated about cryptocurrencies, and we at CoinSutra wish to imagine we’ve had an essential position in spreading consciousness.
Cryptocurrency customers are extra mature than ever and have a plethora of choices. Additionally, each crypto change has its USP that it makes use of to entice customers. In as we speak’s instances, it isn’t just Mt. Gox or FTX.
One such distinctive change is KuCoin. I’ve used this change a number of instances and have discovered it slightly straightforward to make use of with numerous cryptocurrencies to purchase/promote right here.
On this article, I want to share a number of the key facets of my evaluate after utilizing the KuCoin change.
2023 replace:
You must try MEXC Exchange which appears to be a great various to KuCoin.
KuCoin Change Introduction
KuCoin is a world-class blockchain asset change that prides itself as “The Folks’s Change” and has risen to the crypto area in 2017.
KuCoin additionally has a local cryptocurrency referred to as as KuCoin for its change customers. Holders of this token get entry to distinctive options that we are going to talk about additional on this article.
Furthermore, it’s a crypto-to-crypto change which suggests you received’t discover fiat pairs like USD/EUR right here. You may, nonetheless, rely on USDT-like stablecoin to avoid wasting your self from volatility.
For fairly a while, it was additionally amongst the busiest exchanges on the earth that was pulling probably the most crypto buying and selling quantity (within the high #10).
It additionally has real-time order books and packages for institutional buyers, which we’ll talk about later on this article.
Options of KuCoin:
1. Consumer-friendly dashboard
Kucoin provides very clear dashboard, which numerous you’ll take pleasure in.
KuCoin provides a number of accounts inside one account, resembling:
- The primary account – That is the place you’ll maintain your crypto
- Buying and selling account – That is the place you’ll maintain the crypto that you just want to commerce frequently
- Margin account
- Futures account
- Buying and selling bot account
- Monetary account
You may all the time transfer funds from one account to a different inside just a few clicks, and such transfers are free and prompt
2. Purchase/Promote Order Books
KuCoin is a multi-coin worldwide change that maintains order books to match patrons and sellers. However to make use of these, you must undergo a easy KYC verify.
The UI of this change is superb and never cluttered like Bittrex or Bitfinex. That’s why it’s straightforward to look at books and make selections rapidly.
3. Supported Cryptocurrencies on KuCoin
KuCoin has greater than 400 markets stay as per CoinMarketCap, which suggests you might have 398+ cryptocurrencies/pairs buying and selling on it.
You can find widespread cryptocurrencies like BTC, BCH, LTC, ETH, and LTC, and quite a few different tokens from numerous blockchains.
4. Charge Schedule Of KuCoin
The actual enjoyable is right here.
KuCoin has a easy buying and selling price construction of 0.1% and doesn’t observe the taker/maker mannequin. However one may even customise this buying and selling price and get a reduction of as much as 30% on the 0.1% buying and selling price.
The essential factor to notice right here is that solely KCS (KuCoin Shares) holders can get this low cost as per the next mannequin:
For each consumer holding at the very least 1000 KCS, this may end in a 1% low cost on buying and selling charges. The utmost low cost price shouldn’t exceed 30%. Subsequently, holding 10,000 KCS leads to a ten% low cost, holding 30,000 KCS leads to the utmost low cost price of 30%.
For deposits, the transaction price is ZERO. For withdrawals, right here is the price construction based on different cryptocurrencies. You can even use this particular KuCoin referral code to avoid wasting 5% on Kucoin buying and selling charges perpetually.
5. KuCoin-Supported International locations
KuCoin helps numerous nations all over the world, resembling India, Turkey, Japan, Canada, the UK, Singapore and plenty of others. KuCoin doesn’t have a license to function within the USA but.
6. How one can attain KuCoin Buyer assist?
Buyer assist of KuCoin is kind of sturdy. I’ve not confronted any points with them to date. Additionally, their stay chat characteristic is exclusive and in contrast to another change and helps in on spot decision of minor issues.
Other than that, you’ll be able to leverage their Freshdesk-powered ticketing system and an FAQ section to unravel your most urgent questions. In case you ever get caught with KuCoin and want assist, you’ll be able to attain out to their Telegram assist, which is quicker.
To get assist, you’ll find KuCoin assist hyperlink on the footer of the positioning (See screenshot under)
7. KuCoin Buying and selling Cell Apps
As if all of the options above weren’t sufficient, additionally they have cellular apps which anybody can use with the identical login credentials to commerce cryptocurrencies on the go!
One requires this facility as a result of cryptocurrencies are extremely risky property that want fast decision-making to take advantage of out of them.
8. Superior Charts
On the KuCoin change, you too can discover fascinating, superior charts for a extra in-depth evaluation of your buying and selling technique. You can find charts of various intervals the place you’ll be able to apply completely different indicators to succeed in a conclusive determination.
You can even verify the market depth by wanting on the purchase/promote partitions.
How To Get Began on KuCoin?
It’s easy to get began on KuCoin. You require an email sign-up to get began on it.
The KYC verification course of consists of finishing a web based questionnaire, submitting supporting paperwork and authorizing KuCoin to finish the verification course of. The processing time for every KYC Verification can take as much as 2-4 weeks, relying on the overall quantity of submissions. (source-KuCoing weblog)
That’s why it’s suggested that you just apply for it straight away. A KYC-verified account can even have entry to the Fiat-Crypto change providers that KuCoin plans to launch shortly.
Is KuCoin Reliable & Protected To Commerce?
Given its final 12 months report and my expertise of utilizing it, I can say it’s an wonderful and secure change to commerce some thrilling cryptocurrencies that you just won’t discover on another change.
Within the latest time, KuCoin has added many superior options, resembling
- Automated bot buying and selling
- Crypto lending (Dangerous)
- KuCoin earn
and so they proceed including new options.
Furthermore, there’s one other incentive for KCS holders to earn passively on the KuCoin change as they’re entitled to a 50% bonus which KuCoin will be sharing with these customers from its buying and selling price earnings.
For instance, consumer Bob holds 10000 KCS in his account on our change. Let’s say in October, the typical quantity of our complete change per day is 10000 BTC; in response to our present price price, the buying and selling price we accumulate per day is 20 BTC. So this consumer will get 20 * 50% * (10000/100000000) = 0.001 BTC per day, 0.03 BTC per thirty days!
One other cool factor for KuCoin change customers is the supply of its UI in 12 completely different languages and costs in additional than 30 fiat currencies, which is a should requirement for a world crypto change.
Now time to listen to from you: Which change do you utilize? Have you ever used KuCoin but? How has your expertise been thus far? In case you have, do share your expertise with us within the feedback under 🙂
