What is KuCoin? Is KuCoin Trustworthy? - Coinleaks
Current Date:September 21, 2024

What is KuCoin? Is KuCoin Trustworthy?

What is KuCoin?

With cryptocurrencies getting more and more recognition, the question of what is KuCoin is often asked.

KuCoin was established to serve people better with the emergence of cryptocurrencies. KuCoin is a highly respected exchange in the cryptocurrency ecosystem. It is called “People’s Exchange” because it offers many cryptocurrencies that other exchanges do not support, and it is possible to find many “Gem Coins” here. Crypto exchange offers an important service to investors in this sense.

KuCoin is one of the world’s largest crypto exchanges offering the ability to buy, sell and trade cryptocurrencies, as well as the world’s largest altcoin exchange. Offering more than 700 digital assets, the platform currently has 18 million users in 207 countries with spot trading, margin trading, P2P fiat trading, futures trading, free auto trading bot, social investing. platform, lending and lending services, and products and services such as staking and interest.

Having collected more than 150 million dollars in a round before the B series in 2022, KuCoin increased its total investments to 170 million dollars with the A round and reached a total valuation of 10 billion dollars. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin as one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto Mobile App for enthusiasts.

Is KuCoin Trustworthy?

Some negative situations experienced in crypto currency exchanges cause investors to approach trading and holding money on exchanges with suspicion. But the answer to the question of whether KuCoin is reliable is definitely yes. KuCoin is a trusted and respected institution that has been in the cryptocurrency industry for a long time. So far, it has gained confidence by not causing any grievances to its users.

All accounts of users on KuCoin are protected by the exchange. In addition, a special password is required for each transaction. Therefore, the risk of encountering negative situations is minimal. When it comes to a secure crypto exchange, KuCoin comes to mind first.

To keep its customers safe, KuCoin offers the same security measures most exchanges use. This includes KYC, 2FA and keeping most funds out of hot wallets in cold storage. Also, KuCoin allocates funds into different accounts for users. This means that APIs accessing your KuCoin account can only access the accounts you choose.

KuCoin Campaign

Kucoin now offers its users in Turkey “ KuCoin Trade and Earn Campaign ” offers. This campaign is specially designed to show the exchange’s loyalty to users in Turkey and includes a 10,000 USDT prize pool. The event started on 28 June and will run for 10 days. The campaign will last until 7 July 2022 (UTC+3) at 19:00. You can visit the campaign page to participate in the event.

Kucoin constantly offers different campaigns to both Turkish and global users. Thanks to these campaigns, users of the stock market win many awards. Since such events are constantly held on the exchange, you can be informed about them by following the Kucoin campaigns page.

How To Become A KuCoin Member?

Being a member of KuCoin consists of a few very simple processes that will not take your time. With just a phone number and/or email, you can quickly register with the exchange and start trading cryptocurrencies right away.

By registering with KuCoin, you can also benefit from special offers and start investing.