KuCoin is one of the world’s largest crypto exchanges offering the ability to buy, sell and trade cryptocurrencies. The company was established in Hong Kong in 2017. Today, it continues its activities based in Seychelles.
Serving in more than 200 countries, Kucoin is included in the legal exchanges operating as an official company in Turkey. Kucoin is in the top 5 in terms of trading volume. It is also the largest altcoin exchange in the world.
Let’s examine the features of the KuCoin exchange:
- The stock market offers users options that appeal to different expectations in cryptocurrency investment.
- KuCoin is an exchange listing new projects in the cryptocurrency market.
- The native token of the exchange, the Kucoin token, is traded on the exchange with the token KCS. The exchange’s low commissions make it even more affordable for KCS token holders. KCS token holders can receive a share of the commission income generated by Kucoin. For this reason, those who buy KCS also become a partner of the exchange.
- KuCoin is a highly developed exchange in terms of security infrastructure. The stock market, which is protected against cyber attacks with a strong encryption infrastructure, also protects all investments with an insurance assurance fund.
- KuCoin is one of the platforms with the lowest trading commissions in the market.
- It is an exchange with a very large trading volume. For this reason, it is in high demand by investors.
What are KuCoin Advantages and Disadvantages?
We mentioned that the KuCoin exchange is in the top 5 in terms of trading volume. If we list the advantages and disadvantages of the stock market, which is highly preferred by investors:
Advantages
- It has the opportunity to trade with many cryptocurrencies.
- It has an early listing feature of promising cryptocurrencies.
- The fact that it does not require authentication for the beginning becomes an advantage for the stock market.
- It offers additional features and advantages with the use of KCS coins.
- 24/7 live customer support is available.
- It offers the opportunity to earn crypto returns by staking.
- Low trading and withdrawal fees are available.
- There is a wide variety of altcoins.
Disadvantages
- The KuCoin exchange is experiencing technical difficulties during periods of heavy traffic.
- Since it is based in Seychelles, there is a possibility of non-compliance with the regulations in Turkey.
