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Is the Kucoin Exchange Safe to Use?

Cryptocurrencies are a very new and popular form of currency. For those who have never heard about cryptocurrencies before this is a good time to start learning about them. Cryptocurrencies are not easy to understand and can be confusing for both new and experienced users. In addition, there are many different types of cryptos and it’s not always clear which ones are safe to use. Here, we will discuss one of the more popular exchanges, Kucoin, and discuss if it is safe to use.

What is Kucoin?

Kucoin is a cryptocurrency exchange that allows users to trade digital currencies like Bitcoin, Ethereum, and Litecoin. It’s also the third most popular crypto exchange in the world. As of right now, there are over 100 cryptocurrencies and tokens to choose from on Kucoin. The platform is easy to use as it has a simple user interface with a dashboard for all your trading needs.

How Safe is Kucoin to Use?

For the most part, Kucoin is safe to use. However, Kucoin is not based in the US and has been hacked in the past for a substantial amount, so have this in consideration before using the exchange.

Key Features of Kucoin

Kucoin is a cryptocurrency exchange like many other exchanges. However, it has some unique features that make it stand out from the crowd. These features include:

  • A discounted trading fee on Kucoin Shares (KCS)
  • Kucoin offers low trading fees and high liquidity in over 130 countries
  • Safe and secure cryptocurrency trading with advanced security measures
  • User-friendly interface: Kucoin users can easily search for coins to trade or create an account in just a few minutes

Kucoin Fees

Kucoin charges fees in the range of 0.0125%-0.1%, depending on your tier level.

Final Verdict

Kucoin is a cryptocurrency exchange that has been around since 2013. It’s in the top 20 list of exchanges by volume. Although they have a long track record of operation, they have been hacked for a large amount in the past and they are not licensed in the US, so make sure to do your own research before using the exchange.

If you are considering a crypto exchange, take a look at Coinbase and Crypto.com as well.

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