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KuCoin Crypto Exchange Review

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KuCoin Crypto Exchange Review

In simple words, KuCoin is an open marketplace for trading of digital assets on the Bitcoin blockchain. In order to trade on KuCoin users need to download the mobile application and set their account there. Once you complete KYC procedure and confirm your identity to secure your account you can trade digital currencies and other assets.

Why Do You Need to Make an Account on KuCoin?

1)You can get rid of 5% of the total trading fee: Traders using KuCoin pay less than 0.01% of the trading fee. In case of Gemini or Coinbase you pay 5% and above. This fee reduces or eliminates the effect of central bank policies on price movement.

2)It’s safe and secure: KuCoin is one of the safest exchanges to transact with in the world. And it’s known for its strict KYC standards and very safe for users.

3)You can get paid in other currencies: KuCoin don’t restrict you to trade only Bitcoin. You can use all types of digital currencies like Ethereum, Litecoin, Dash, and more.

4)Easy to transfer funds: The best thing about KuCoin is that you can directly transfer the funds from your bank account to your account in KuCoin. KuCoin account is international user friendly and hence transferring of funds is very safe.

5)Best bid and offer: You can get some amazing bonuses when you make a bid or offer on the exchange. KuCoin allows you to profit up to 30% of the total profit that you get from trading.

The steps to open an account on KuCoin:

1)Login to the app: Open the app by going to the App store or Google play store 2)Sign up: Follow the steps to complete registration process

There are many digital assets and coins available on KuCoin like Ethereum (ETH), EOS, BCH, BTG, Dash, NEO, DASH, Cardano, Novacoin, Lisk, Monero, 0x, OmiseGo, QTUM, Verge, Verge Currency, XRP, Ripple, USDT, AlphaPoint, MSC, ETHEX, BarterDEX, and more.

1,3,5,10,15,30,50,100,1000,5000 and 30,000 KuCoin tokens can be bought by your customers through the designated trading pairs.

Let’s Talk about Crypto Exchange Fee:

Before the founding of KuCoin exchange, users would pay high trading fee on some of the exchanges like CEX.IO, Bitfinex and CEX.IO

The trading fee starts from 15 dollars on these exchanges.

Now with KuCoin you can trade just $0.05 per trade. That’s you save more than 20 times in trading fees.

What Is the Best Sign-Up Bonus for KuCoin?

The best-rated bonus is upto 70% bonus depending on the trading volume. It is in the effect from 3 days to 6 days.

2)The bonus can be withdrawn anytime: You can withdraw the bonus by 5 pm after you have purchased and completed trading with your bonus.

3)Bank withdrawal: This can be withdrawn anytime but there is a condition that once the entire amount has been withdrawn, it will be reverted back to your account.

Have a look at the best bonuses and trading fee for KuCoin:

Bonus with 2% bonus upto 5% bonus upto 70% bonus (deposit and withdrawal ) bank withdraw up to 5% cashback on top of that so you can earn 5% upto 70% cashback in your first 6 months of deposit.

Up to 70% bonus deposit and withdrawal (deposit and withdrawal ) bank withdraw up to 10% cashback on top of that so you can earn 10% upto 70% cashback in your first 6 months of deposit.

Up to 30% bonus deposit and withdrawal (deposit and withdrawal ) bank withdraw up to 25% cashback on top of that so you can earn 25% upto 70% cashback in your first 6 months of deposit.

6 months deposit and withdrawal bonus.

7 years deposit and withdrawal (deposit and withdrawal ) bank withdraw up to 25% cashback on top of that so you can earn 25% upto 70% cashback in your first 6 months of deposit.

10 years deposit and withdrawal (deposit and withdrawal ) bank withdraw up to 35% cashback on top of that so you can earn 35% upto 70% cashback in your first 6 months of deposit.

KuCoin Crypto Exchange

KuCoin, a global digital asset exchange and marketplace provider, today announced it is no longer accepting fiat money as payment for digital tokens or as a means to exchange fiat money for digital tokens.

Instead, its users can buy or sell digital tokens using cryptocurrency or fiat currency such as USD, GBP, EUR and RMB. There are 3 trading pairs:

BTC/KRW

KRW/BTC

KRW/BTC

USD/KRW

Exchanges globally have been closed to fiat money for a long time and the practice will be banned worldwide in 2018. Since September, trading of cryptocurrencies and fiat money has not been possible. All current and past KuCoin users can continue trading using cryptocurrencies or fiat currency. For existing users, they can exchange fiat money for digital tokens using the newest XBT/KRW trade option on the DMarket platform. Existing digital tokens can also be exchanged to KRW.

Taking the recent developments into consideration, KuCoin has decided to close this service to fiat money for security reasons.

KuCoin’s move follows similar measures taken by many exchanges such as Coinbase, Kraken, Bittrex and Poloniex that also announced they would stop serving fiat currency starting in September. Exchanges have made this decision due to several factors such as risks involved in processing payments from fiat money, especially fluctuations in fiat currency and potential fraud.

Thomas Glucksmann, director of marketing at KuCoin, said:

“Fiat money is not acceptable for cryptocurrencies trading. It is a risk factor for us, which we acknowledge. Nonetheless, we also have to follow the direction of regulatory bodies.”