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Review on KuCoin by Douglas Cachazo

Revainrating 5 out of 5

KuCoin: Money exchange for cryptocurrencies, the new the best!

If you are looking for a safe, fast and very good exchange house, here you have it. It gives the impression that they took the good things from other changes and added it for their creation, Many benefits, Founded in 2017, operates in Hong Khong, operates with many cryptocurrencies and tokens, has a high volume processing capacity, additionally it has a very attractive incentive package, includes being able to earn interest, the lowest commission on the market. Every company has to have more than one supplier of its inputs that it needs to operate for various reasons. By analogy I recommend having several exchange houses for its cryptocurrencies since each one will have what you need, in fact I registered in kucoin and it will be another of my favorites, registration is very easy, with the mail and a verification code and that's it. I like its website, although it could be a bit confusing for beginners who do not master all the concepts, it allows the exchange of some fiat currencies to cryptos, purchases with credit cards (fiat to crypto), exchange of digital assets. It operates with lots of crypto allowing trade between them, instant zero commission exchange and large quantity exchanges. Manage contracts. To earn interest, it has several modalities such as: lending money, earning for keeping your cryptos and tokens, if you buy their tokens and you keep it you earn a bonus, affiliate bonus, referral plan you get a bonus for each person you refer. At KuCoin with no minimum deposit or transaction limitations. Important Data operates with many cryptocurrencies including Revain.



Updated 3 years ago
Rating has not been changed

Kucoin Exchange Review Update

It's been a little over a year since I wrote the review about this centralized exchange. It has been founded more than 4 years ago and it has evolved a lot in that time, currently in liquidity is ranked among the top three and for many is considered the best exchange, before going into detail of what I observe has improved, I want to note that the exchange went through difficult times as it was the subject of a hack with massive theft of assets,

On the eve of the hacking I had a problem with my account which was detected an unauthorized external access to me, the account was blocked and the process to activate was cumbersome and poorly handled by the technical support, who put many obstacles to confirm my identity and activation of my account again, more than two weeks passed and my assets remained blocked, which hurt me personally, they asked me for requirements that I could not provide, but finally the problem was solved and I withdrew to binance, days later came the hacking that put the platform in suspense, after the situation I decided to continue using the exchange and I do not regret it, the results have been good for me, a lot of security because now we have two level authentication, mail and google authenticator, for many something tedious but believe me it is a necessary evil for our security.

Hijacking and asset theft

They managed to steal more than 300 million dollars by hacking hot wallets, however the company was very responsible and was able to make the return to users, 285 million dollars were recovered and insurance companies covered the remaining amount, I believe that the response time to users was fast given the severity of the problem, the experience was worth for the exchange to completely update its security system, to date today they have not had unwanted events like that and the exchange seems to have been strengthened in its security.

I kept Kucoin as a secure exchange

I kept it as my primary exchange on par with Binance which are my forte exchanges, in the background I use Bhex and Kuna Exchange a lot. I always recommend having several exchanges because depending on the currency you are going to trade with you may require one or the other. Personally I must increase to a large volume of exchanges since I will operate as an arbitrage, but always keeping Kucoin as a spearhead.

What improvements has the exchange experienced, The first thing is the above, a stronger and more reliable security,

It has increased the number of cryptocurrencies and trading pairs in a satisfactory way. It has also increased its liquidity which ensures that transactions are completed faster, it gives the possibility of a quick purchase of the USDT token by using a credit card, that option was not available previously, the new mining pool offers higher profits and a fee of only 2%, sweepstakes and bonuses for new users, another novelty is that it allows trading with margins. Referral program now generates commissions for your referrals View Image 0. Increased Incentives such as bonuses and interest on savings. Their KCS token reached its historical maximum this week and its growth has been continuous, at one year almost 3,000 % and at 30 days 78%. By holding KCS you get a bonus



Conclusion

By virtue of the above without a doubt I maintain my five star rating to this exchange and will continue to be my standard bearer exchange which I highly recommend, perhaps some people consider it difficult to operate, but I do not think so, once you start trading you become familiar with it quickly as it is very intuitive.



Pros
  • Safe platform.
  • Very low exchange and withdrawal costs
  • Work with many cryptocurrencies.
  • Many incentives like bonds and interest
  • It has a good reputation in the market and for being so young it is among the 15 best.
Cons
  • There is no way to support by phone, just for a live chat.
  • It operates in Hong Kong, I do not know if due to the problems with China it could bring problems in the future (I don't know)

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