Kucoin Exchange Review
To many crypto enthusiasts, Kucoin is Binance, 2.0.
Why?
Because Kucoin was quick to discover the key indicators Binance used to become successful with the community. Once they did, they simply copied their useful features and even added some improvements.
benefits
One of the things that stands out about Kucoin is their proactive approach toward successful ICOs. In contrast to Binance, Kucoin is quick to get them listed on their exchange. This was a very important move because launching on Binance is a lengthy process that can take months at best.
Further, reports vary, but many are under the impression Binance charges millions of dollars to list tokens on their exchange. Whether this is true or not, Kucoin's fees are significantly less by way of comparison. This gives them a competitive edge over Binance as investors are eager to access popular coins early on. Waiting for exchange like Binance to list coins costs investors time and money.
Kucoin has an easy to read portal where trade history, coins sent/received and open orders can be viewed. Their interface is very well done and simple to navigate for beginners and pros alike. They also offer their own trading token, similar to Binance. Low trading fees have made their token competitive within the exchange community.
Currently Kucoin does not receive fiat bank wires or direct deposit from a bank account. Therefore, users must first buy elsewhere and send crypto to fund their accounts.
Customer service responds in a reasonable amount of time, but patience will likely be required.
Overall, Kucoin is an exchange to watch. In our opinion, it's proably a good idea to take the time and open an account.
