The KuCoin platform is likely to be one of the first names you hear as you start exploring the crypto space. Even though this industry is vast and can be volatile at times, it does consist of platforms that have been so well-designed that they offer a good trading experience for experienced and inexperienced traders alike.
One of the top platforms that crypto traders can opt for is the KuCoin exchange. This platform has made a mark in the industry. Thanks to the impressive and leading-edge features it offers to the users.
If you are also interested in using the platform and want to explore things like ‘is KuCoin safe and suitable?’ then you need to take a look at the brief overview below. The details mentioned below can help you get a good idea of what the platform offers and whether it is a good exchange for you to use or not.
Intro of the KuCoin Platform
KuCoin was established in 2017 and has now become one of the oldest and trustworthy exchange in the world. It is also one of the most innovative and versatile platforms that enables the users to buy, sell, trade and even hodle a vast collection of crypto assets.
Due to the availability of numerous outstanding features, this exchange is also called “The People’s Exchange”.
If you are new to crypto buying and trading then you should take a look at the features offered by the exchange and mentioned here. If the available features match your criteria and trading requirements then this can be one of the best platforms for you to use.
This exchange has grown and significantly evolved over the years as can be determined by the list of amazing features mentioned below.
High-end Security of the Exchange
The level of safety offered by the KuCoin platform is one of the most crucial aspects to explore before you use it. The crypto space is an unpredictable and volatile place and it also leads to the possibility where new users can face some serious security risks.
The risks can be difficult to avoid if you are unaware of how things work. However, the security risks can be mitigated significantly if you opt for a secure exchange such as the KuCoin platform.
Even though there is no such thing as 100% risk-free exchange. KuCoin is one of the safest exchanges in the world.
It implements some of the best and top-of-the-line security protocols to make sure the funds, account and information of the users are kept safe from cyber threats and failures of any kind.
Therefore, if you want to know ‘is KuCoin safe?’ then you should know it uses security protocols such as:
- KYC verification
- Offline crypto wallets
- Advanced web security
- Two-factor authentication (2FA)
Exchanging Fiat to Crypto
One of the biggest benefits of using KuCoin platform for buying or trading crypto is the ability you will have to directly purchase digital assets by using your credit or debit card. This is the best way for new traders to fund their accounts on the exchange without having to indulge into any long and complex procedures.
There are also P2P market spaces supported where people can instantly convert their crypto assets into fiat currencies.
The supported currencies include the following:
Wide Range of Crypto Assets
The collection of cryptocurrencies supported by the KuCoin platform is one of the highest in the industry. As a user of the KuCoin exchange you can choose any cryptocurrency from a wide variety of 200+ digital currencies and purchase, sell, trade or even store them.
You can have access to more than 400 markets. Which also enables the traders to invest in digital coins with smaller market cap.
This makes it easy for traders to diversify their portfolio and test out a few things.
Instant Exchange Tool
Among several other interesting and high-end features, another one supported by the KuCoin platform is the Instant Exchange Tool.
With the help of this tool, the users of the exchange can convert their existing crypto funds into one currency or another without any delays or complications.
This is one of the best tools for new users as it helps them in gaining exposure without going through the complexities of the crypto market and trading them.
The crypto trading bot supported by the KuCoin exchange is yet another prominent aspect you should know about. This bot is free to use and it follows the instructions of the users and automatically executes trades as instructed.
If you are inexperienced then you can also copy the configuration of other trading bots.
The KuCoin platform is an outstanding exchange that offers some of the best and distinctive features. In order to determine if it is a suitable exchange for you or not, it is important that you know the details mentioned above.
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