KuCoin Review – Details of its Safety, Unique Features and a Lot More
Here is a KuCoin review that is brief but it addresses all the major features and elements of the exchange that are important for potential users to know. The more you know about a platform the easier it can be for you to determine if the exchange is useful for you or not. Having detailed information about the crypto exchange can also novice parties in using the platform.
Since there are numerous crypto exchanges in the market you need to be careful about the one you choose for buying crypto. KuCoin is indeed one of the best platforms in the market but it is not necessary that it matches all your criteria and requirements.
Therefore, as a new crypto investor you should know the details of the platform and inquire questions such as “is KuCoin safe?” to know how suitable and secure the exchange is for first-time crypto investors.
Here are some major details about KuCoin every new investor needs to know.
KuCoin Review – Instant Exchange Tool
KuCoin is one of the most popular crypto exchanges and was launched in 2017. It is one of the oldest and most versatile platforms and is also known as “The People’s Exchange”. This is thanks to the high-end features and services offered by the exchange that are important for all potential users of the platform to know.
One of the unique features of the platform is the Instant Exchange Tool it supports. With the help of this tool the users of the exchange can easily convert their current crypto balance from one currency to another.
This is one of the best features for people who are new to the crypto space and are looking to gain exposure without trading any crypto asset.
This platform is not only highly suitable for crypto investors but is also quite popular among the traders, particularly new traders due to the availability of unique features such as trading bot.
The trading bot supported by KuCoin is free-to-use and makes crypto trading quite easy and less stressful for novice traders.
This KuCoin review specifies how the trading bot works. As a user of the exchange, you can instruct the trading bot regarding the type of trade you want to make and the bot will execute the trades automatically.
You can also copy the configuration of the trading bots that are successful, which can increase your chances of having a good crypto trading experience.
Safety and Security Offered
One of the most important questions you need to ask before using the exchange is “is KuCoin safe?”. Choosing a safe and secure exchange is crucial because there may be several security risks that you may come across as a novice user. In such a case, if you choose a secure platform then the chances of coming across such risks can be minimized to a great extent, even though the risks cannot be completely eliminated.
The KuCoin review specifies that the platform uses high-end blockchain technologies and features that protect the funds, accounts and information of the clients.
Some of the leading-edge security systems implemented by the platform are as follows:
- Two-factor authentication (2FA)
- Offline crypto wallets
- Know your customer (KYC) verification for higher withdrawal
- Advanced web security
Trading Variety of Digital Assets
One of the most impressive aspects of the exchange mentioned in this KuCoin review is that it supports a wide range of digital currencies. As a user of the exchange, you will be able to purchase, store and trade digital assets.
The exchange offers a wide collection of cryptocurrencies, which is more than 200 crypto assets. This allows a vast audience (crypto traders and hodlers) to trade or invest in various crypto coins, even the ones that have a small capitalization.
This platform also makes it easy for people to create a diverse portfolio as the users can have access to assets from more than 400 markets.
Mobile Application for Traders
The mobile application of the crypto exchange is yet another major aspect mentioned in this KuCoin review. The mobile application helps the crypto traders in trading even while on the go. It is also available for Android and iOS users.
There are numerous activities you can carry out if you use the mobile application that are mentioned as follows:
- Carry out technical analysis
- Open a new account
- Trade any one of the available cryptocurrencies
- Trade on 6 different timeframes
- Use 3 different chart types
- Use several in-built charting tools
If you are new to the crypto space you should take your time to choose a crypto platform where you can invest in cryptocurrencies. KuCoin can be one of the best options for you but you need to know the details first. The information mentioned above in this brief KuCoin review can help you make an informed decision.