KuCoin is one of the exchanges you can come across when you step into the crypto space. However, a KuCoin review is important for you before you begin as it can help you know several details about the platform. Knowing the essential details can help you determine if what the exchange offers matches with your criteria or not. This is an important and helpful step every beginner needs to follow as not every platform is compatible with the requirements of beginners.
Therefore, if you are new to the crypto space then you need to define a criteria for yourself and then look for a cryptocurrency exchange accordingly.
Here are some major aspects of the KuCoin exchange you should be familiar with before you start using it for crypto trading.
KuCoin Review – Is it a Safe Exchange
Safety is one of the biggest concerns every novice party should have considering the crypto space is a volatile and unpredictable place. This brings on a lot of risks for someone who is new and does not use a secure exchange.
Using a platform that prioritizes the security of the users cannot completely eliminate the risks but it can significantly mitigate them, making it easier and safer for beginners to buy or trade crypto.
The KuCoin exchange is one such platform that makes use of high-end security systems to make sure the funds, accounts and information of the users are kept safe from any kind of threat. These cutting-edge security systems make it one of the safest exchanges in the market and also makes it suitable for beginners.
Here are some of the security features used by the exchange.
- High-end web security
- KYC verification for higher withdrawals
- Offline crypto vaults
- Two-factor authentication
Variety of Digital Assets
This KuCoin review also specifies that the exchange offers support to a multitude of crypto assets, which is yet another factor that makes it a suitable exchange for beginners. As a user of the exchange, you can have access to more than 200 digital currencies, which you can buy, trade or hodle crypto assets.
This exchange offers access to crypto traders in assets from more than 400 markets, which helps the traders in creating a diverse portfolio. The large variety of cryptocurrencies available also helps the new traders and hodlers to have access to crypto assets that have a small market cap.
Therefore, if you are new and do not want to invest in large digital assets you can begin by choosing other crypto coins from the variety of available digital currencies.
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User-friendly Interface
The interface of an exchange is also a deciding factor that can help you determine if the exchange is suitable for you to use or not. As a new crypto trader, you should know that not every exchange has a user-friendly interface.
Some exchanges are designed specifically to cater the needs of experienced traders, while others are simpler and are more suitable for beginners.
However, the KuCoin exchange is one of the beginner-friendly platforms and has an easy-to-navigate interface. It is simple and does not complicate the process of trading crypto, making it suitable for novice and experienced traders alike.
Well-developed Mobile App
A well-established mobile application is an essential aspect of any crypto exchange, especially the one that supports crypto trading. This is why, this KuCoin review addresses this feature and goes into some details.
Choosing a platform that has a good mobile trading application can make the experience easier and even help the traders in trading while on the go. The mobile app of the exchange is available for both iOS and Android users.
This brief KuCoin exchange review mentions the several activities you can carry out through the mobile application.
- The interface is simple and easy-to-navigate.
- You can open a new account.
- You can trade more than 200 digital assets on the go through the app.
- You can trade on six separate time frames.
- You can use various chart types.
- You can use various in-built charting tools and carry out technical analysis.
Impressive Customer Support
The KuCoin exchange is a suitable platform for beginners because of the customer support services it offers to the users. This is also a crucial aspect to consider as a novice crypto trader can have several questions or may come across some challenges.
In such a case, the customer support agents are available around-the-clock to assist the users. They are easily accessible and experienced.
The users of the platform can also opt for live chatting with the customer support agents and get instant help. There is also an FAQ section that features helpful guides and articles for the crypto traders.
