KuCoin is a major cryptocurrency exchange that allows users to buy, sell, and trade various cryptocurrencies. Additionally, the platform provides margin and futures trading and peer-to-peer (P2P) trading. To get incentives, users can stake or lend their crypto. KuCoin’s minimal trading fees make it an intriguing alternative to some of its competitors.
History and Origins of KuCoin
KuCoin, dubbed “The People’s Exchange” by its founders, was publicly launched in September 2017 by Michael Gan and Eric Don, with their headquarters located in Seychelles.
An ICO, which ran from August 13 to September 1, 2017, was used to raise funds for the development of KuCoin. At that time, KuCoin launched its native KuCoin Shares (KCS) tokens, which may be used to receive special deals, trading discounts, and a portion of exchange earnings.
KuCoin raised $20 million in Series A fundraising in December 2018. IDG Capital, Matrix Partners, and Neo Global Capital were among the investors. The company said it planned to utilize the money to increase its operations, research and development initiatives, and global reach.
The KuCoin platform underwent a major overhaul in 2019. The exchange updated its interface to Platform 2.0 in February, giving the platform its current look. The upgrade added new features such as enhanced order types, a new API, and additional functions.
The company’s headquarters are currently located in Singapore. According to reports, the company has over 300 employees worldwide.
Today, KuCoin is available in over 200 countries, including Turkey, India, Japan, Canada, the United Kingdom, Singapore, and many more.
Key Features of KuCoin
Since its inception, KuCoin has become one of the world’s most popular cryptocurrency exchanges. Among KuCoin’s chief defining qualities are the following:
KuCoin has over 600 cryptocurrencies accessible for trade, unlike some other exchanges that only have a few dozen to choose from. A few of the most prevalent cryptocurrencies supported by Kucoin are Bitcoin(BTC), Dogecoin (DOGE), Ethereum (ETH), Polkadot (DOT), and Shiba Inu (SHIB), XRP (XRP).
KuCoin has minimal trading costs when compared to other big exchanges. Users should anticipate paying between 0.0125 percent and 0.010 percent for every trade.
Purchase cryptocurrency using popular fiat currencies such as USD, EUR, CNY, GBP, CAD, and AUD. P2P fiat trading, credit or debit card transactions via Simplexor, Banxa, PayMIR, and KuCoin’s Fast Buy service enable IDR, VND, and CNY purchases of Bitcoin (BTC) or Tether, which can be used to buy cryptocurrencies with fiat (USDT).
Excellent customer assistance is available 24×7 via the company’s website, email, ticketing system, and other methods.
Margin Trading for KuCoin Futures. With the leverage of up to 100x, you can go long or short in your preferred cryptocurrencies.
Staking assets or lending them to others and charging interest are two ways KuCoin users can earn interest on their coins. Users can build a larger cryptocurrency portfolio by taking advantage of incentive schemes.
Trading on a non-custodial basis. KuCoin offers non-custodial trading directly from your private wallet, which is supported by Arwen if you’re looking to help boost your crypto security.
KuCoin is a global crypto exchange with a wide range of features and tools that could interest advanced traders. However, it earns low ratings from users and lacks US authorization to operate. If you live outside the United States and are familiar with cryptocurrency trading, you may enjoy what KuCoin offers. However, be sure to conduct due research before signing up to ensure that the platform is a good fit for you.