KuCoin Exchange – The Basics

Kucoin is one of the many new cryptocurrency exchanges available for those in search of a modern and secure platform to trade on.

It was launched in September 2017 by a group who had already built strong reputations at industry giants, such as GF Securities, Ant Financial, Youling, Jianbang Communication and iBOX PAY.

Kucoin has a very clean and modern layout throughout the website and this extends to the markets overview screen where you can see the available trading pairs and can choose to trade alt coins against BTC, ETH, KCS, NEO & USDT. There isn’t a fiat currency option currently, so users have to use the USDT (Tether) which is the digital token supposedly backed by USD (yet to be proved, so I don’t take long term trades in USDT). Soon it is expected that a fiat trading pair will be supported, possibly USD for a start with more to follow.

Kucoin is among the most straightforward exchanges to use, even for those who are new to the cryptocurrency world and is famous for being an early adopter of new, low-cap coins. This is one of a few reasons to love Kucoin. Another huge incentive is the relatively high withdrawal allowance without KYC verification (you can withdraw up to 2BTC per day without having to send your ID/Passport scans or other sensitive data).

Once you log into your Kucoin account, you can adjust the various settings, keep track of your assets, or manage your rewards, such as invitation bonuses and Kucoin bonuses. As a member of the exchange you are also provided with an affiliate link to share with friends and help grow their community. For this you are rewarded on a commission-based system and paid in KCS (their native coin).

Staking KCS (buy+hold) would also provide you with dividends (daily) from the fees collected by the company on their members trading activities. These are shared across all members in accordance with their staked KCS amounts. In my previous post I discussed the details of the staking benefits.

I highly recommend that you enable 2 factor authentication (2FA) to add an extra layer of security to your account. Any emails and confirmations for deposits or your register email should also be kept for your own record. Customer service is quite responsive on their web-based online chat or via a support ticket.

Opening an account is easy and intuitive, use this link to register for free : https://www.kucoin.com/#/?r=7H327K

Kucoin social media accounts:  Twitter |  Telegram

Here is my complete Beginners Guide Tutorial to get you started :

And lastly, here is my top choice for safe storage of my top cryptocurrencies, check out the Ledger Nano S, it can store a large selection of coins, it is a definite MUST HAVE.Ledger Nano S - The secure hardware wallet

 

Author: OJ Jordan

Marketing professional, Crypto-enthusiast and Vlogger. My weekly webcast Crypto Corner is available here: http://bit.ly/2qJ1hhe

5 thoughts on “KuCoin Exchange – The Basics”

  1. You really make it seem so easy with your presentation but I
    find this topic to be really something which I think I would never understand.

    It seems too complicated and extremely broad for me.
    I am looking forward for your next post, I will try
    to get the hang of it!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s