KuCoin Review – Should you Use the Exchange as a Beginner

The KuCoin review that is brief yet informative can be of immense help to the people who are new to the crypto space but want to start buying or trading crypto. There are numerous exchanges in the crypto market but they all vary in terms of the features and services offered. This is why, it is important for every new crypto investor or trader to know their options and then choose a platform that prioritizes their security and suits their needs the most.

KuCoin exchange is one of the oldest and most versatile exchanges in the market and could be a suitable option for you. It was established in 2017 and is known for its outstanding features offered to the users.

However, as a new investor or trader you should know “is KuCoin safe and suitable?” which can be clarified if you take a look at the details mentioned below. These are the features and services offered by the exchange that you should know about if you want to use it.

KuCoin Review on Available Digital Assets

One of the most outstanding factors of this exchange is that it offers support to a multitude of crypto assets. Having a variety of options to choose from can help you decide which cryptocurrency you want to opt for and also indicates that such an exchange is capable of handling a large audience.

If you are new to the crypto space and still haven’t chosen which digital asset to buy or trade then you can choose one from the supported cryptocurrencies, which are more than 200 on KuCoin.

This vast collection includes digital assets from more than 400 markets, which greatly helps people in diversifying their crypto portfolio. The availability of a wide range of digital assets also helps crypto investors who are looking to purchase the small cap coins.

Security Protocols

One of the most important aspects covered in this KuCoin review is the security offered by the exchange. Security is one of the most crucial factors to look at because if a platform isn’t secure then there is no use of buying, trading or hodling crypto assets on it.

Choosing a secure exchange can keep you from unnecessary security risks, even if those risks are not completely eradicated.

Therefore, using an exchange that offers utmost security should be your priority. As a beginner, if you want to know “is KuCoin safe?” then you should know that it makes use of the following high-end security systems.

  • Advanced web security
  • KYC (know your customer) verification
  • Offline crypto wallets
  • Two-factor authentication (2FA)

Trading Bot

The KuCoin review addresses yet another major aspect of the exchange you should know about, which is the free trading bot offered by the platform. This is one of the best features for people who are new to the crypto space but are interested in trading cryptocurrencies.

As a user of the exchange you can use the trading bot of the KuCoin exchange, which is free of cost. You can direct the bot regarding what types of trades you want to make and then the trades are automatically executed.

If you do not have sufficient knowledge about the crypto market then you can also copy the configuration of other trading bots that are successful. This can help you have a good experience of trading crypto even if you do are inexperienced.

Advanced Mobile Application

Apart from knowing “is KuCoin safe?” you should also know how advanced the exchange is and other features it offers for the convenience of the users. For people who are interested in trading crypto, this KuCoin review highlights all major features such as the advanced mobile application.

The impressive mobile application is available for Android and iOS users and is one of the best tools for people who want to trade crypto while on the go.

It has a simple and easy-to-navigate interface, which makes it suitable for a vast audience. Here are the activities you can carry out through the mobile application.

  • Carry out technical analysis
  • Open a new account
  • Trade on 6 separate timeframes
  • Trade the available digital assets while on the go (200+)
  • Use 3 different chart types
  • Use in-built charting tools

Available Order Types

Another important feature mentioned in this brief KuCoin review is the fact that it offers support to basic and advanced order types, which what many crypto traders look for.

The basic order types supported by the exchange are:

  • Market orders
  • Limit orders
  • Conditional orders

The advanced order types are:

  • Good-Till-Cancelled (GTC)
  • Fill or Kill (FOK)
  • Immediate-or-Cancel (IOC)

Final Takeaways!

The KuCoin review mentioned above is brief but it talks about some of the major aspects of the exchange that can help you decide whether this is a good exchange for you or not. As a beginner you should know these details.

By Cary Grant

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