Next in the series of Crypto Exchanges, today we shall present a very brief information of KuCoin cryptocurrency exchange. It may be noted that crypto market is presently undergoing severe meltdown and valuations of crypto assets are nosediving. In this scenario, crypto exchanges like KuCoin also come under a lot of customers’ scrutiny. Thus, here is a brief introduction of Kucoin, detailed description of which we shall be sharing later on.
Founded by Johnny Lyu in 2017, KuCoin is a platter full of more than 400 Cryptocurrencies, that too at a very nominal expense of 0.1% on each buy or sell. KuCoin is an appealing choice amongst the Crypto Exchanges and has over 8 million users worldwide barring US where the operations of KuCoin are not licensed.
KuCoin is a trading platform for advanced traders as it comes with avant-garde functionalities like trading bots, margin trading, crypto lending, futures trading and a peer-to-peer marketplace.
The only drawback to this one is that it is not for the beginners as the trading system is quite complex though it claims to be the “people’s exchange.”
Regardless of the fact from which exchange, a digital currency enters your wallet, you must not forget that it is highly volatile in nature and thereby the risks involved cannot be downplayed.
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