PRESS RELEASE. Ascent, leading consumer financial services evaluator, named KuCoin crypto exchange the best cryptocurrency app of 2022. The Ascent is a world famous flagship private financial advisory and investment company, The Motley Fool. Ascent rated KuCoin Exchange based on factors such as fees, coin selection, customer reviews, KYC rules, security features, and wallet availability.
Honors from organizations such as Ascent or Forbes, which named KuCoin Exchange one of the best cryptocurrency exchanges last year, reflect the platform’s growth volume and large user base in recent years. years. The latest survey indicates that KuCoin Exchange received 10 million users in December 2021 from 207 countries.
In 2021, the cumulative trading volume of KuCoin Exchange hovered around $1 trillion (spot and forward trades) while the average daily trading volume reached the $3 billion mark. KuCoin Exchange Review 2022 on trusted ranking sites like CoinMarketCap and Coingecko consistently ranks the platform among the top 10 cryptocurrency exchanges in the world. Here’s everything you need to know about the no. 1 exchange of altcoins!
About KuCoin Exchange
Dubbed People’s Exchange, KuCoin Exchange was launched in 2017. It is a Singapore-based cryptocurrency exchange with over 10 million active users across 207 countries. The exchange is home to over 600 digital assets and over 1100 trading pairs. Currently, the platform offers P2P fiat trading, staking, spot trading, lending, crypto derivatives, and margin trading.
People swap results in DeFi evolution incubator
KuCoin Exchange has spotlighted over 640 crypto gems and supports over 1100 trading pairs. The platform has earned the title of “People’s Exchange” for supporting niche cryptocurrencies that other exchanges do not support. Today, it is more than an exchange of people; in fact, it graces the space as an enabler of several innovative DeFi implementations.
KuCoin Labs is the investment and research department of the exchange that introduced a $100 Millions of funds to strengthen the DeFi ecosystem and metaverse projects. Despite all its high-profile endeavors, the team behind KuCoin Exchange continues to stay grounded, making improvements to its trading features, which is its biggest selling point. In this 2022 review, let’s explore those very features that make KuCoin Exchange a standout crypto trading platform.
Features that make KuCoin Exchange really user-friendly
From buy crypto on the platform to explore various trading strategies, users can easily navigate KuCoin Exchange with its user-friendly interface. Features like trading bots and social trading help new crypto traders get a taste of the field without prior experience. Here is a detailed look at the user-centric features of KuCoin Exchange.
- Easy acceleration with Fiat
As of 2022, KuCoin Exchange supports multiple payment methods for the fiat to crypto ramp-up, including USD, EUR, AUD, INR, CAD, GBP, etc. KuCoin Exchange supports 51 fiat currencies in total, having recently added 36. European currencies.
The platform supports debit and credit card purchases through Visa, MasterCard, ApplePay, and SEPA. The KuCoin Peer-to-peer exchange offers wire transfer as well as 20 different payment methods. Users can pay with debit, credit, Visa, Mastercard, ApplePay and SEPA cards. KuCoin Exchange also uses a quick purchase option through which users can receive cryptocurrencies instantly.
KuCoin Exchange does not charge any fees for depositing crypto. Buying and selling crypto on KuCoin P2P is also free. Trading fees are dramatically low at 0.1% per trade, which can be further reduced by 20% if traders hold enough KCS, which is the native token of KuCoin Exchange. KCS receives platform fees and distributes them to KCS holders as bonuses of up to 50% per year.
The fees for buying crypto using fiat currency depend on the payment option. However, SEPA cardholders get the best deal paying only 3.1% of the value with which the assets are purchased. Again, withdrawal fees vary depending on the cryptocurrency involved. Please follow the table above for the maker and taker fees for cryptocurrency futures contracts.
KuCoin Exchange has implemented Know-Your-Customer (KYC) verification to combat criminals and money laundering. Nevertheless, account verification is optional, especially for small traders.
Accounts without KYC can withdraw 2 BTC in 24 hours, which is still enough for most traders. Comparatively, Binance only allows users without KYC to withdraw 0.06 BTC in 24 hours.
KuCoin trading bot is a user-friendly and free trading tool. Users can start creating a trading bot in a few steps to automatically execute trading strategies. The KuCoin trading robot supports 5 business strategies: Spot Grid, DCA, Futures Grid, Smart Rebalance and Infinity Grid. More than 5 million bots have been created worldwide to help newcomers copy others’ settings and get started quickly.
The KuCoin social trading platform was launched in October last year to facilitate large-scale adoption of crypto. In 2022, thanks to this feature, KuCoin transforms into the first and largest social crypto trading platform.
The social trading platform is a must-have for traders looking for reliable and easy-to-get crypto news feeds containing information on different token price movements, new listing, crypto news, trending coins, sector, portfolio or subjects, etc.
Additionally, the trade copy feature allows new traders to browse the most successful strategies on the platform and create a portfolio that meets their return expectations and risk preferences with just one click.
- Top notch customer service
KuCoin Exchange offers 24/7 customer support via live chat and online ticket on its help center. The support staff are very responsive and patient and provide localized support in 9 local communities in Europe, SEA and other regions.
For advanced users, KuCoin Exchange offers crypto derivatives trading
For advanced traders, the exchange offers margin trading and futures trading to help them amplify their earnings through successful trades. KuCoin Futures is a global top 10 futures trading platform with over 3 million users. It now supports over 70 coins with up to 100x leverage. KuCoin Margin, on the other hand, serves over 2 million users supporting 70 coins at up to 10x leverage.
Users can start with Term fight if they are new to derivatives trading. Futures Brawl is more like a game and was launched with the aim of helping newcomers get to grips with futures trading. Here, traders can compete with users around the world, experience futures trading by going long or short and reaping profits. Futures Brawl is a good platform to learn more about derivatives trading strategies which users can then use to enter into more serious trades.
KuCoin Exchange offers easy ways to earn stable passive income
KuCoin Crypto Lending offers a peer-to-peer lending marketplace, where users can lend assets to earn passive income. For example, the APR for USDT ranges from 10% to 30% most of the time.
KuCoin Earning is the staking platform of KuCoin Exchange which users can also explore to earn stable passive income. One of the best advantages of KuCoin Earn is that bettors receive the Liquidity Token Pool as well as their staking returns.
KuCoin Spotlight and BurningDrop are two other features that users can browse to get their hands on new crypto tokens. The coins listed on these platforms are carefully evaluated by the KuCoin team before being presented, which makes them trusted platforms for obtaining allocations on new projects.
To get the latest updates on the implementation of all new features, upgrades and announcements, follow KuCoin Exchange on Twitter, Telegram and instagram.
This is a press release. Readers should exercise due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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