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KuCoin Review

Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.

KuCoin successfully launched the KuCoin app for iOS and Android to keep users trading on the go.

KuCoin History

Behind KuCoin are two tech geeks who were early blockchain adopters. Having started coding at the age of 8 and founded his first startup at the age of 16, Michael heard about Bitcoin in 2012 from his boss Eric and immediately started to mine. While he tried to sell some BTC on Mt. Gox, he discovered that what was the world's largest platform at the time was difficult for beginners to use. As the adoption of blockchain continued, Michael and Eric realized that it was reshaping the financial system and building a new system that not only serves the few richest but everyone in the world - even the uneducated, unemployed and unbanked. By the end of 2013, they wrote down the first code in a cafe, beginning the journey of the People’s Exchange to allow everyone to get involved with crypto.

The KuCoin Exchange opened for cryptocurrency trading in September 2017 and has enjoyed steady growth since then. It places a high priority on the quality of the projects listed based on a well-trained research department that scours the blockchain industry for the highest quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions in a secure and efficient way.

In 2018, KuCoin raised $20 million in Series A funding backed by IDG Capital and Matrix Partners.

What KuCoin Offers

Technology-driven products
KuCoin leverages trendy technologies to create handy services for all, allowing more people to get access to the greatness of blockchain.

Community for everyone
As an exchange of, for, and by the people, KuCoin is developing a community that everyone can approach and let their opinions be heard in while benefiting from our growth. The KuCoin Community Chain (KCC) testnet was launched on April 28, 2021. It aims to offer a more high-speed and convenient blockchain experience at a lower cost. KCC is an important milestone for KuCoin to explore the decentralized world, and also marks the official beginning of embracing the open-source blockchain community.

KCS - The key to unlocking the KuCoin ecosystem
KCS is the native currency of the KuCoin exchange. According to KuCoin’s CEO Johnny Lyu, “empowering KCS and improving its intrinsic value is a long-term strategy at KuCoin”. KCS is the native token of KuCoin and it will also become the native token of KuCoin Community Chain, the public chain developed by KuCoin. KCS was built as a killer product rather than a simple token. Currently, KCS holders could use it to pay trading fees, get a daily bonus, enjoy VIP benefits, etc. Once the KCC Mainnet is launched later this year, KCS holders will receive more benefits as they engage deeper with the KuCoin ecosystem.

Key Features of KuCoin Exchange

KuCoin users have access to several features that include instant crypto purchases with a credit card, margin trading platform and staking favorite coins to earn rewards. Other features of the platform include:

  • Beginner-friendly user interface
  • Over 200 global high-quality blockchain projects with more than 400 trading pairs
  • Supports credit/debit card (e.g Simplex, Banxa and PayMIR), bank transfer payments and Skrill
  • Accepts 46 fiat currencies from all over the world like USD, GBP, EUR and CNY
  • High liquidity order-book with low spreads
  • Margin platform to trade crypto with up to 10 times leverage
  • KuCoin futures to trade contracts with up to 100 times leverage
  • Secure wallet using offline cold storage measures
  • Mobile trading app to monitor positions and trade from anywhere
  • KuCoin Staking to earn rewards for holding coins and tokens on the exchange
  • Lending platform to earn interest on crypto (up to 12% USDT annualised)
  • An affiliate program that rewards you for bringing more users to the platform
  • 24/7 customer service team with multilingual support