Kucoin has gained a lot of attention in recent months as more crypto investors are beginning to take notice of this altcoin exchange. While Kucoin may not be the biggest exchange available, it certainly presents some unique features that traders should take advantage of, such as their native Kucoin Shares (KCS) token and their referral program. In order to get an edge on the competition, here are some ways that you can use these features to your advantage.
What is Kucoin?
Founded in 2017, Kucoin is a Hong Kong-based cryptocurrency exchange that’s rapidly growing thanks to its daily giveaways, bonuses and lots of promotions for users. The platform focuses on trading volume as well as customer experience – offering lots of trading pairs and low transaction fees. Many users agree it’s one of their favorite options to trade crypto thanks to its simple UI and advanced features such as stop-loss orders and margin trading. Read more about why others love it here .
Launching in September 2017
As a newer cryptocurrency exchange, Kucoin is still in its launch phase. This means that for now there are only about 50 cryptocurrencies you can buy and sell, and not every country is supported. But what it does have is a bunch of unique features that make it one of our favorite exchanges to trade on.
Cryptocurrency Exchange Platform
As cryptocurrency becomes more and more popular, so do exchanges. Cryptocurrency exchanges are platforms that allow users to trade digital currency tokens in a standardized way. Crypto exchange platforms let anyone easily buy, sell or exchange one type of coin for another—but they’re not all created equal. One of these crypto exchanges is Kucoin, one of today’s fastest growing cryptocurrency trading sites.
Advanced Charting Tools
Crypto currency trading platforms tend to offer a wide array of charting tools and technical indicators. In comparison to other conventional financial markets like stocks or futures, crypto currencies have much more volatility, allowing traders to place more emphasis on their technical analysis. Plus, since most crypto currency trading platforms allow investors to set their own time frame, it’s easier for long-term crypto investors and traders to pull out valuable insights from longer-term charts. This makes technical analysis even more important for trading crypto currency successfully in 2018.
Rewards Program
At KuCoin, we not only provide you with convenient access to cryptocurrency exchange services, but also offer rewards for your participation and sharing of knowledge. Sign up to learn more about our rewards program.
Customer Support and Education
It’s easy for new crypto traders to feel overwhelmed when starting out. For example, people often have questions about how to use exchanges, what assets are worth buying and selling, and how to choose between coins. It’s also common for newcomers to get caught up in FOMO (fear of missing out) and FUD (fear, uncertainty and doubt), even though they’ve never invested before.
Fast Trading Engine
While other cryptocurrency exchanges have a long time to process transactions, KCS has taken it upon itself to streamline trading, ensuring that traders never experience excessive delays. This makes it easy for users to take advantage of arbitrage opportunities without fear of missing out. And since its transactions are always executed in real-time, you don’t have to worry about logging in only to find that you’ve lost money because of a dip in prices.
Robust Security System
The robust security system at KuCoin provides a level of stability unseen in most other cryptocurrency exchanges. The platform utilizes advanced multi-level encryption and has servers located in multiple locations around the world, ready to handle any given situation. Backed by these excellent security features, it is no wonder that KuCoin is becoming increasingly popular among traders and users alike.
Scalability and Reliability
A newer crypto exchange, Kucoin has some of the most advanced features in trading and digital asset exchanges today. For example, you can use stop-loss and margin-trading on some currency pairs, including XRP/BTC and ETH/BTC. In addition to their own cryptocurrencies, you can also trade a plethora of other major cryptos—including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and many more—at competitive rates.
Upcoming Features and Developments
KuCoin aims to offer a comprehensive token exchange service, which includes native multi-language support, stability, advanced order types and a wide range of cryptocurrencies. The platform was launched in 2017 by a group of security and distributed systems experts from leading financial institutions in China. They strive to make KuCoin a world-class blockchain asset exchange for everyone. Simply put, there will be more than enough room for everyone’s taste in tokens at KuCoin — no matter how large or small your appetite!
