KuCoin is a relatively new cryptocurrency exchange. This Hong-Kong based crypto exchange was established in May 2017 by experienced blockchain and cryptocurrency professionals. KuCoin focuses exclusively on cryptocurrency assets and does not offer any fiat currency trading pairs. It has users all over the globe including Saudi Arabia.
Features of Kucoin
Easy-to-Use Design
KuCoin has a sleek, attractive, and modern overall user interface. However, navigating the platform can be initially challenging. Nonetheless, in no time, Kucoin will be your number-one go-to crypto exchange. It has excellent features that make your trading experience seamless. Some of these features include real-time market data, customizable charting tools, and easy order execution.
Commissions and Spreads
KuCoin constantly aims to make its platform affordable and attract a large user base to become the number one exchange. Hence, it offers users some of the lowest fees in the cryptocurrency exchange space. There are no deposit fees, and traders are charged only 0.1% on their trades.
Rewards
KuCoin retains only 10% of the fees they charge, returning 90% to the users of the platform. Traders can be rewarded for actively engaging with and promoting the KuCoin, investing in new cryptocurrencies, and participating in competitions and contests. Additionally, users receive an invitation bonus when new users sign up with their referral code. Holding KuCoin Shares also provides benefits such as discounted trading fees and entry into contests, draws, and other promotions.
Customer Support
KuCoin provides excellent customer support and service. They offer a 24/7 chat service with experienced representatives ready to assist users with any inquiries. Additionally, they provide support via email and an informative FAQ page. The support representatives typically respond promptly and professionally.
KuCoin Staking
Saudi Arabian KuCoin users can earn passive income with KuCoin staking. Staking involves holding funds in a cryptocurrency wallet to support the operations of a blockchain network. This feature is very easy for even new users to navigate.
KuCoin Pool
KuCoin Pool offers a mining platform for users interested in earning rewards through Proof-of-Work (PoW) mining. KuCoin mining pools let users collectively contribute to solving complex mathematical problems and earn a share of the rewards.
Final Words
Over the years, KuCoin has built a reputation as a reliable crypto exchange among crypto users globally, including Saudi Arabia. It offers its users useful features. Some of these features include an excellent customer support system, rewards, commission, etc.
Frequently Asked Questions
Is KuCoin Regulated?
No, KuCoin is not regulated by any financial regulatory agency.
Where is KuCoin based?
KuCoin is based in Hong Kong.
Is KuCoin a Scam?
No, KuCoin is not a scam.
How do I make a Deposit into my KuCoin account?
You can deposit into your Kucoin account by sending cryptocurrencies to your KuCoin wallet address.
How Do I Open an Account with KuCoin?
If you want to open an account on KuCoin, all you need to do is go to Kucoin’s official website and sign up.
Is KuCoin Reliable?
Yes, KuCoin has proven to be a reliable and trustworthy exchange.
What is KuCoin leverage?
The leverage is 1:1.
