Kucoin

Kucoin Trading Platform

In order to buy or sell bitcoins, traders use the services of specialised exchanges. One of them is KuCoin, a cryptocurrency exchange that emerged back in 2017. Since then, the company has quickly gone from a promising platform to one of the most reliable and popular leaders in the cryptocurrency market. KuCoin has come up with its own token, whose owners pay lower fees and profit from the growth of this digital currency.

Features of the KuCoin crypto exchange

According to several specialist resources, the KuCoin marketplace is now ranked in the top 5 in terms of daily trading volume. In 2021, the exchange officially had more than 8 million users.

History

The development of the project began back in 2013. The Chinese expert Michael Gan, who hired a group of professionals, took charge of it. The development continued until 2017. Initially, the trading platform had a legal address in Hong Kong, but then it moved to the Seychelles.

Regulation

The KuCoin trading platform is regulated by official bodies. Due to the fact that the crypto exchange is registered in the Seychelles, the owners are spared the need to undergo licensing and legal checks. On the one hand, all this reduces the level of traders’ confidence, but there are certain advantages of such a provision. The thing is that the absence of a license allows users to make transactions anonymously and not to be afraid of getting sanctioned.

Kucoin Cryptocurrency Exchange

Types of orders

At the moment, the following order types are available to all visitors to the trading platform:

  1. limit. With a set level of execution.
  2. Market. In this case the deal is closed at the current rate.
  3. Market stop. The trader can determine the value at which the order is executed.
  4. Stop-limit. A trade opens when the price level specified by the trader is breached.

Working conditions

Only adult users can register on the KuCoin trading platform. Access to the crypto exchange is limited to traders from Afghanistan, Qatar, Algeria and some other countries. A full list is available on the company’s website. As for verification, it is not a prerequisite right now. However, it’s worth understanding that the trading platform can easily block an unverified account if there are suspicions of fraud. In addition, representatives of the crypto exchange, with the slightest suspicion, have every right to request additional documents from the owners of such accounts.

Also, KuCoin presses a fee for trading operations. Its size depends on the following:

  1. The number of KCS tokens held by the user during the last 30 days.
  2. the volume of trades during the last month.
  3. Type of trading.

Bonuses

The following types of promotions are available to all regular customers of the KuCoin trading platform:

  1. Referral program that allows you to get additional rewards for attracted visitors.
  2. bonuses for completing tasks and participation in contests.
  3. Rewards for purchasing KCS tokens.

The lack of welcome bonuses for registration is deplorable for new traders. However, much better here is the opportunity to receive rewards for the retention of KCS tokens. The fact is that every day 50% of the commission for the trades are distributed among the holders of these coins. The more of them a trader has, the more profit he will make.