review For KuCoin

A brief KuCoin review that focuses on all major aspects of the platform can be extremely helpful, especially for people who are looking to use the exchange for the first time. Knowing the kind of features offered by a platform can help you determine whether it is suitable for you to use or not.

If you are a beginner in the crypto space, you need to know that the best crypto exchange you can use is the one that offers features suitable to your criteria, trading requirements and more. This is why, it is important that you know the details of a crypto exchange so you can make an informed decision and use a suitable exchange.

Therefore, here is a brief KuCoin exchange review that discusses the benefits and drawbacks of using the exchange.

KuCoin Review on its Benefits

Every crypto exchange has its ups and downs as no platform is truly perfect. Crypto exchanges vary in terms of several factors, including the fee structure, security system and a lot more.

Therefore, if you want to use this platform then here are the benefits it offers.

Custom Mobile Trading App

A well-built mobile application is one of the top features of every crypto exchange. This is also one of the factors that can make a crypto platform stand out as a well-developed mobile application comes with several in-built features and tools.

The KuCoin exchange mobile trading app is available for Android and iOS users and allows users to carry out the following activities.

  • You can trade while on the go
  • You can open a new account
  • You can use in-built charting tools and carry out technical analysis
  • You can trade on six different timeframes
  • You can use three separate chart types

Multitude of Crypto Assets

One of the biggest benefits mentioned in this brief KuCoin review is that the wide array of digital assets available on the platform. As a user of the exchange you can choose a crypto asset from more than 200 available digital currencies and buy or trade them. A wide range of cryptocurrencies available can indicate that the platform is powerful and capable of handling a large audience.

Leverage Trading

Trading with leverage is a popular form of trading that comes with the possibility of making huge profits. Accompanied by chances of experiencing huge financial losses. However, this can be avoided if you use the right kind of exchange. It have some helpful information about leverage trading.

The KuCoin exchange does support leverage trading and even offers one of the highest leverages in the market, which is up to 100x.

Suitable for Beginners

Even though there are numerous crypto exchanges in the market. It is important to know that every platform is not suitable for beginners and experts alike. As a potential user of the platform, you need to know that this exchange is known to be beginner-friendly. It has a simple user interface, which makes it easy to navigate for people. Whether they have any prior experience with crypto or not. This is one of the helpful details discussed in this brief KuCoin review.

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Support for Card Payments

Payment methods are an essential aspect of a platform that needs to be explored before you use any kind of platform. A platform that supports several payment methods can be seen as powerful and capable. However, if you prioritize your convenience above all else. Then you should know that the exchange enables the users to directly buy crypto by using their credit or debit cards.

Drawbacks of the Exchange

This brief yet important KuCoin exchange review also talks about the cons of this exchange. Which are essential for you to know so you can make the right decision of whether you want to use this exchange or not.

Does Not Support Users from USA

Before using an exchange you need to check its availability in your country and region. This is because not every exchange is available in every part of the world. Similarly, if you want to use the KuCoin exchange but you reside in the USA. Then you need to know that it does not support traders from the United States.

Limited Futures Account

This brief KuCoin review also focuses on the fact that it only offers USDT futures account. This is a limitation of the platform that also takes the form of one of its drawback.

Limitation on Trading

The KuCoin exchange is not a very versatile platform as it does not support fiat-to-crypto trading pairs. Therefore, if this drawback is against your criteria, you can look for a more suitable exchange.

Conclusion!

A KuCoin review that encompasses the essential details of the platform. That can also be categorized as its pros and cons. As a potential user of the crypto exchange you should have the above-mentioned information.