KuCoin Stub
General Information
KuCoin is a cryptocurrency exchange based in Hong Kong. US-investors are not listed as prohibited from trading. If you are a US-investor, however, you should still always analyse yourself whether your home state imposes any obstacles for your foreign cryptocurrency trading.
The exchange has one of the world’s most impressive trading pair selections, with more than 300 trading pairs.
Furthermore, the exchange claims to have the most advanced API on the market.
It should also be noted that the exchange has so called KuCoin Shares (KCS), i.e., its own cryptocurrency. If you are a holder of KuCoin Shares, you can receive cryptocurrency dividends on a daily basis. You can also receive trading discounts and even lower withdrawal fees than otherwise. The exchange also states that KCS-holders receive exclusive promotions, offers and rewards from the exchange.
Fees
KuCoin doesn’t charge different fees between takers and makers. Instead, the exchange has a so called “flat” fee model. They offer a flat trading fee of 0.10%, which is below the global industry average. There are different opinions around what exactly the global industry average is but must people agree that it is “around 0.25%”.
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Not this exchange. KuCoin charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is also below the industry average.
All in all, the trading fees and withdrawal fees here are strong competitive advantages against the majority of other top crypto exchanges in the market.
Deposit Methods
KuCoin does not accept any other deposit method than cryptocurrencies, so new crypto investors with no previous holdings of cryptocurrencies are restricted from trading here. KuCoin estimates to be able to offer fiat currency to cryptocurrency trading as early as in August 2018.
Security
KuCoin’s security score is D+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/).
Source: KuCoin Review by Cryptowisser
This article "KuCoin Stub" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:KuCoin Stub. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
