KuCoin is an extremely popular crypto trading platform marketed as 'The People's Exchange. It was launched in Hong Kong in 2017, with the aim to give people all over the world access to a simple and safe platform to trade a huge range of 700+ cryptocurrencies.
KuCoin certainly made an impact on the global crypto community, growing its user base to over 11 million in just 5 years, and serving one in four crypto holders worldwide.
KuCoin supports more than 700+ cryptocurrencies which can be traded with low fees of just 0.1%. If you pay with KCS coin, you receive a 20% discount, and high-volume traders receive further discounted fees.KuCoin users will enjoy various ways to trade, such as spot trading, margin trading, P2P, and futures trading. Crypto borrowing and lending is another feature available to users.
Pros:-
- Wide selection of cryptocurrencies: Unlike some exchanges that offer a few dozen cryptocurrencies available for trade, KuCoin offers over 600.
- Low fees: Compared with other major exchanges, KuCoin offers relatively low trading fees. Users can expect to pay between 0.0125% and 0.10% per trade.
Cons:-
- Not licensed in the U.S.: KuCoin is not licensed in the United States, so U.S.-based users should consider other exchanges.
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