KuCoin PlatformIs the KuCoin Platform a Good Crypto Exchange for You?

The KuCoin platform can quite possibly be one of the best options for you, whether you are a crypto investor or trader. This is one of the top platforms in the crypto industry and offers some of the most distinctive features and services.

If you have just now started exploring the crypto space and KuCoin is a possible option then you should explore a bit more about it before using it.

One of the factors you should know is, ‘is KuCoin safe?’. Along with this, there are several other factors and details of the available feature that can help you determine if KuCoin is a good and suitable exchange for you to use.

Here are some of the top details you need to know about the KuCoin exchange that can also help you make an informed decision.

An Introduction to the KuCoin Platform

The KuCoin platform is one of the oldest and most versatile crypto exchanges in the industry. It was launched in 2017 and quickly became one of the most prominent ones out there.

The exchange has seen immense growth and success since its establishment and is now called “The People’s Exchange”. With the availability of a vast variety of digital currencies and crypto-services, KuCoin has projected itself above its competition.

There are several reasons why this can be one of the best exchanges for you to use. More details are discussed below.

Supports Margin and Futures Trading

One of the factors that validates the versatility of the KuCoin platform is the support it extends to margin and futures trading. The margin trading service was added to the exchange in 2019. It allows traders to borrow funds from brokers and open bigger trading positions that can either result in high profits or high losses.

As a user of the KuCoin exchange, you can trade 15 different cryptocurrencies and you can also avail one of the highest leverages, which is up to 100x.

For futures trading, also offers up to 100x leverage and you can only trade crypto-to-crypto.

Prioritizes Safety

If your concern is, ‘is KuCoin safe?’ then you need to be wary of the details mentioned here. This is one of the safest crypto exchange in the industry and uses high-end blockchain technologies and security protocols that offer utmost security to the users and make sure the funds and information of the platform is kept safe.

The leading-edge security protocols used by the platform include the following:

  • Two-factor authentication (2FA)
  • Advanced web security
  • Offline crypto wallets
  • KYC (know your customer) verification for higher withdrawal limits

Wide Range of Digital Assets Supported

Another attribute that is a selling point of the KuCoin platform is the availability of a multitude of digital currencies.

As a user of the exchange, you can purchase, sell, trade and even hodle more than 200 cryptocurrencies. This is a vast variety available that makes it more accessible for a wide number of traders and investors. This also offers an opportunity to invest in or trade even the digital coins that have smaller market cap.

Portfolio diversification is also possible through KuCoin exchange as it offers access to more than 400 markets.

Instant Exchange Tool

This is yet another distinctive tool that is not supported by all platforms. The availability of the Instant Exchange Tool makes the platform more prominent.

With the help of this advanced tool, users of KuCoin can convert the crypto balance they currently have to another currency, whichever are supported by the platform.

This is a useful tool for people who are new to the crypto space as they can get more exposure without necessarily trading them.

Buying and Exchanging Fiat to Crypto

The KuCoin platform is exceptional because it offers features like no other. KuCoin users can directly purchase the digital assets by using their credit or debit cards. This makes account funding easier and simpler for the beginners.

The fiat currencies supported by the platform include the following:

  • CNY
  • USD
  • AUD
  • EUR
  • CAD
  • GBP

This feature allows easy access to the crypto traders in the community because the crypto exchangers and traders look to quickly convert crypto assets to fiat assets.

Crypto Trading Bot

Apart from knowing, ‘is KuCoin safe?’ it is also important to know about the trading bot feature. This bot is free-to-use and can be instructed by the users regarding what type of trades they want to open and when. Based on the instructions given by the users, the trading bot can automatically execute the trades.

Final Takeaways!

The KuCoin platform is an outstanding exchange that supports several impressive features and tools. Anyone interested in using the crypto exchange can get a better idea of what it offers by taking a look at the details above.

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