KuCoin cryptocurrency trading platform

KuCoin

Centralised platforms fundamentally contradict the idea of blockchain. However, such trading platforms are worth using if you need to buy popular cryptocurrencies such as BTC, LTC, ETH. One of the proven exchanges is KuCoin, which has proven itself among millions of users.   

History

The resource originated in 2017. The KuCoin cryptocurrency exchange has a total of 10 million customers. It is popular in more than 200 countries. In just a few years, the number of customers has grown to a huge scale and the monthly trading volume has exceeded billions of dollars. Thanks to its user-friendly functionality and high degree of asset protection, the platform has earned the status of “people’s”.

The creators of the project are Michael Gan and Eric Don. Initially, the cryptocurrency exchange only operated within mainland China, but later the company’s headquarters was moved to Seychelles. The platform is now managed by one of its immediate founders, Johnny Liu. The platform is not under the control of government authorities or regulators.

Service

The KuCoin cryptocurrency exchange provides a wide range of trading opportunities. Customers of the resource can take advantage of spot and margin trading tools. Other options of the site include:

  • Purchase of cryptocurrency for fiat;
  • P2P exchange of digital assets;
  • derivative transactions;
  • investing;
  • banding.

The list of additional services on the exchange includes training for beginners. There is a Blog section on the resource. It publishes articles and news that affect the crypto industry. Particular attention should be paid to KuCoin Academy accounts, where 15 trading tutorials are published to help you quickly understand the platform’s functionality.  

KuCoin Centralised Cryptocurrency Exchange

There is a referral program on the website. After registering, a newcomer receives the original link. Clients registered through it will start generating additional income. A rate of 20% of the commission paid has now been introduced. Accordingly, the more users come to the platform using the original link, the more income they will bring in. The method is suitable for bloggers, large information resources, webmasters, who can earn significant amounts of money this way.

The KuCoin cryptocurrency exchange regularly offers bonuses and promotions. The terms and conditions of the contests organised depend on certain transactions. One example is the unique “Futures Battle” offer. The competition applies only to subjects of the derivatives market. If a participant correctly identifies a vector of quotes for certain assets, they take away a small bonus.

Peculiarities

There are 250 tokens in the list of digital assets traded on the KuCoin exchange. Over the period of its existence, the company has come a long way from a local project to one of the leaders in its segment. In terms of daily trading volume, which amounts to 1.5 billion dollars daily, the resource is in 5th place (CoinMarketCap rating). The advantages of the platform are recognized unconditionally:   

  • good liquidity;
  • high security level;
  • rich functionality (spots, futures, investments).

Depositing fiat money to the account faces certain difficulties and high commissions. Directly depositing your account in rubles, dollars or euros is currently not available. Despite this, the KuCoin cryptocurrency exchange is popular with 10 million traders, who have appreciated the list of features offered.