KuCoin is known as the 'People's Exchange' for its extensive altcoin selection. In this comprehensive review, we'll cover everything you need to know about trading on KuCoin.
Pros and Cons
✓ Pros
- Largest altcoin selection
- Early access to new tokens
- Built-in trading bots
✗ Cons
- Higher risk altcoins
- Past security incident
Overview
KuCoin lists more altcoins than most major exchanges. The platform offers 700 cryptocurrencies for trading with spot trading, futures, margin, and trading bots.
Fees
KuCoin charges competitive flat fees. Maker fees start at 0.1% and taker fees at 0.1%. KCS holders receive fee discounts.
Security
KuCoin has improved security after a 2020 incident. The exchange uses enhanced cold storage and security protocols.
Supported Cryptocurrencies
KuCoin supports over 700 cryptocurrencies including all major coins like Bitcoin, Ethereum, and Solana, as well as a wide selection of altcoins.
User Experience
The KuCoin platform offers feature-rich platform with good trading bot integration. Mobile apps are available for both iOS and Android.
Customer Support
KuCoin provides 24/7 live chat support.
Who Should Use KuCoin?
KuCoin is best suited for altcoin hunters looking for early access to new tokens.
Final Verdict
KuCoin is the best choice for discovering and trading new altcoins early, though users should be aware of the higher risks involved.