Cryptocurrencies are an emerging and very popular type of currency. Ted Lin, founder of Kucoin announced this week that the platform would launch a new cryptocurrency called Kucoin Shares (KCS). This is a great time to learn about cryptocurrency. Cryptocurrencies can be difficult to comprehend and confusing for both novice and experienced users. There are many types of cryptos, so it is not always easy to know which one is safe. We will now discuss the safety of Kucoin.
What is Kucoin?
Kucoin, a cryptocurrency exchange, allows users to trade cryptocurrencies such as Bitcoin, Ethereum, Ethereum price prediction and Litecoin. It is also the third most widely used crypto exchange worldwide. Kucoin currently offers over 100 different cryptocurrencies and tokens. It is simple to use, thanks to its dashboard that allows you to trade in any currency.
KuCoin is an excellent crypto exchange to trade. I’ve been trading with KuCoin for over a year now and have never had any technical problems or complaints. The exchange uses its terminal. The terminal is quite standard and allows for charts to be displayed on selected assets using different indicators. The terminal is easily customizable by allowing each trader to adjust the settings for individual segments.
Fees start at 0% The commission system is flexible. Platform fees are based mainly on trading volume for the past 30 days. You should also consider the asset at stake. Although it sounds complex, there is a table available on the source that makes everything clear and distributes trading fees according to the soi-disant.
Figure:Is the Kucoin Exchange safe?
Kucoin: How safe is it to use?
Kucoin can be used safely. Kucoin does not hold funds for customers, unlike other exchanges such as Crypto.com and Coinbase. Users can deposit their cryptocurrency, and withdraw it whenever they wish. There is a high chance of your funds being safe if you trade on Kucoin. It is also easier to verify transaction authenticity as you have direct control over your private key and do not rely on Kucoin to store it.
Second, Kucoin does not have a central exchange. Kucoin’s platform uses NEO, a decentralized exchange, instead of Coinbase where all trades take place on their servers. The decentralized exchange NEO makes trading easier by eliminating middlemen and charging additional fees to sellers and buyers. NEO Blockchain technology was specifically designed to speed up transactions and not compromise security, like other cryptocurrencies such as Bitcoin (BTC).
Third, Kucoin is working to make Kucoin an open-source platform that offers transparency. It has its source code available publicly on GitHub for anyone who wants to review it. Customers will feel more confident in the platform’s operation and can verify that there are no vulnerabilities or malicious code.
Kucoin’s Key Features
Kucoin, a cryptocurrency exchange, is just like other exchanges. It has some distinctive features that set it apart from the rest. These unique features include:
- Kucoin Shares (KCS), a discounted trading fee
- Kucoin provides global liquidity: Kucoin has low trading fees and high liquidity across more than 130 countries
- Secure and safe cryptocurrency trading with advanced security features
- Kucoin users have a simple interface that makes it easy to search for coins and create accounts in just a few seconds
Kucoin Fees
Kucoin is different from other cryptos in that they don’t charge transaction fees. They charge a percentage of trade volume. This results in lower trade prices.
Kucoin is different from other cryptos in that it doesn’t require KYC/AML information to trade on its platform. This means you can trade immediately and deposit as much as you like.
Final Verdict
Kucoin, a cryptocurrency, has been around since 2013. It is ranked among the top 20 most popular exchanges by volume. You can pay with Skrill or SEPA. You can also trade BTC, ETH, and NEO with them.
Kucoin claims that they are one of the most secure platforms because they have more than 1,000 confirmations on transactions. They also have multi-layer security.If you are still unsure whether Kucoin is safe, you can check how many people have registered on the platform and how secure the site appears. Kucoin is a great choice for crypto trading with less risk.
