KuCoin Review 2023: Is It Still The Best Crypto Exchange?

It has been around since 2017 and has since become one of the biggest and most respected exchanges in the crypto world. KuCoin has gained even more popularity in recent years, with its user base rising significantly in 2021 and beyond.

This is largely due to its user-friendly and intuitive interface, low fees, and wide range of tradeable coins. As the crypto market continues to evolve, people are wondering if KuCoin is still the best crypto exchange in 2023.

In this KuCoin review, we will take a closer look at what makes this exchange so popular and whether or not it is the right choice for you.

We will also discuss the features and services offered by KuCoin, its fees, and its security measures. By the end of this review, you should have a better understanding of why KuCoin is one of the top exchanges and whether or not it is the best one for you.

Key Features of KuCoin

Before we discuss whether KuCoin is the best crypto exchange, let’s take a look at some of its key features.

• Beginner-Friendly Interface: KuCoin’s user interface is simple and straightforward, making it easy and quick for beginners to trade. It boasts an easy-to-navigate layout with all the necessary information, such as order books, trade history, and order-related details, available at the click of a button.
  
  The interface also has big buttons, readable fonts, and detailed graphs, making it easy for traders of all skill levels to navigate through the website.
• One-Stop Trading Venue: KuCoin provides all users with a one-stop trading platform that allows you to trade more than 750 cryptocurrencies. This means that it has a wide range of tradable coins, including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, NEO, IOTA, EOS, Cardano, Dash, TRON, and many others.
• Competitive Fees: When it comes to fees, KuCoin doesn’t disappoint. It offers the lowest trading fees in the industry, with a 0.1% (or 10%) fee charged on each transaction. The fee is applied to both sellers and buyers, making it the most competitive fee structure in the industry.
• Variety of Promotions and Rewards: KuCoin also offers a variety of promotions and rewards, including referral programs, a KuCoin bonus, and KuCoin dividends. You can read more about these in the next section.
• Security: KuCoin is a secure and reliable exchange, that uses industry-leading security measures to protect its users’ funds. Its security features are regularly updated to keep up with the latest trends in the crypto industry.

Pros and cons of using KuCoin

Now that we know what makes KuCoin so popular, let’s take a look at some of its pros and cons.

Pros

• Wide range of tradable coins: KuCoin has one of the widest ranges of tradable coins, making it a one-stop shop for all things crypto.
• Competitive fees: KuCoin comes with the lowest trading fees in the industry, making it an affordable and cost-effective trading platform for all traders.
• Variety of rewards and promotions: KuCoin also offers a wide range of rewards and promotions to its users, including KuCoin bonuses, KuCoin dividends, and referral programs.
• Security: KuCoin is one of the most secure exchanges in the world, thanks to its industry-leading security measures.
• Beginner-friendly interface: KuCoin’s user interface is simple and straightforward, making it easy and quick for beginners to trade.

Cons

• A small selection of coins: While KuCoin has a great selection of coins, it doesn’t have the same number of coins as some of its competitors.
• Not available to U.S. traders: KuCoin doesn’t accept traders from the U.S., making it an unsuitable option for American traders.
• Poor user reviews: Criticism is a regular occurrence when it comes to cryptocurrency exchanges, and KuCoin has garnered especially poor reviews. Users have complained about difficulties with withdrawing funds, unsatisfactory customer service, and potential market manipulation.

What is KuCoin?

KuCoin is a Hong Kong-based cryptocurrency exchange that allows users to trade between different cryptocurrencies. It allows users to buy and sell cryptocurrencies with their local currency, such as USD, EUR, JPY, etc.

In addition to trading cryptocurrencies, KuCoin also offers a digital wallet that users can use to store their coins. The wallet is connected to kucoin’s exchange, allowing users to withdraw or deposit coins at any time.

It is a relatively new exchange, being launched in September 2017, and has since grown to become one of the biggest and most popular exchanges in the world.

One of the reasons for its rapid growth is the fact that it offers a wide range of tradable coins, competitive fees, and a wide range of rewards and promotions to users. It also has a user-friendly interface, making it suitable for all traders, from beginners to professionals.

• Web Address: www.kucoin.com
• Main Location: Singapore
• Payment Methods: SEPA, Skrill, Apple Pay, PayPal, Credit card, Debit card, Cryptocurrency
• Fiat Currencies: USD, RUB, EUR, GBP, CNY, AUD & 40+ more

• Trading Fees: For Spot: 0.1% (0.08% if you pay with KCS); For Futures: 0.02/0.06% (maker/taker)
• Deposit Fees: Varies
• Cryptocurrencies: BTC, ETH, DOT, ADA, & 750+ more
• Mobile app: iOS & Android

KuCoin Review – How KuCoin Works?

KuCoin provides access to buying, selling, and preserving a wide range of digital currencies. It has a web platform and a popular mobile application. You can buy their native token (KCS) to reduce fees and gain rewards.

The account verification process is voluntary, so people can start trading digital currencies with just an email address. Nevertheless, if you want to use its more advanced functions, you need to go through the verification process. US-based traders are not allowed to do this due to US crypto regulations.

KuCoin gives both custodial and noncustodial services. Meaning, you can either store your digital assets on the KuCoin exchange or link a third-party wallet to directly trade from there. This is a great choice for those who prefer to maintain control of their crypto.

KuCoin provides some unique features, such as trading bots, leverage, and margin. An unusual element of the platform is that money must be transferred between accounts within the platform.

When I first deposited cryptocurrency with KuCoin, it was placed into the Main Account. To trade it, I had to shift my assets to the Trading Account. To access the interest-earning options, I had to move them to the Financial Account.

15 Best Services Offered by KuCoin – What Services does KuCoin offer?

If you have done some investigation regarding the most reliable crypto exchanges, you know that there are countless choices making it hard to decide which one to pick.

At Marketplace Fairness, we strive to give you the most informative data so you can make up your mind if KuCoin is the ideal exchange for you.

As mentioned earlier, KuCoin offers a wide range of services and benefits to its users. Let’s take a look at some of them:

1. Wide range of tradable coins: KuCoin offers a wide range of tradable coins, allowing users to choose from more than 750 coins. It has one of the widest selections of coins in the industry, including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, NEO, IOTA, EOS, Cardano, Dash, TRON, and many others.
2. Mobile app for iOS and Android: KuCoin offers a mobile app that is compatible with both iOS and Android devices, providing you with the convenience to trade from anywhere.
   
   The interface of the app is modern and it even incorporates free trading bots that can be used to execute your trading techniques automatically. The app has already been downloaded over 5 million times from the Google Play Store and has achieved a user review score of 4.0 stars from more than 118,000 reviews.
3. KuCoin trading bot: KuCoin offers a range of bots to assist with trading. A Trading Bot is a fantastic asset to help boost investment returns. You can set the rules for your bot and it will function automatically, so you can trade even when you’re not awake.
   
   The bots are free and run on the cloud, which means you don’t need to keep your device on. You can look at the most successful bots that are ranked each day or over a 7-day period, and replicate their settings to generate the same bot in your own account.
4. Competitive fees: When it comes to fees, KuCoin doesn’t disappoint. It offers the lowest trading fees in the industry, with a 0.1% (or 10%) fee charged on each transaction. The fee is applied to both sellers and buyers, making it the most competitive fee structure in the industry.
5. Only partial KYC verification is required: Some crypto trading platforms necessitate a comprehensive authentication process that necessitates sending pictures of your documentation, pictures of yourself, and even audio and video recordings of your face, in order to gain access to the platform.
   
   On the contrary, KuCoin only necessitates partial authentication, and full authentication is only requested if any suspicious activity is detected or if you wish to take out more than 5 BTC within a 24-hour period.
6. Variety of rewards and promotions: KuCoin also offers a wide range of rewards and promotions to its users, including KuCoin bonuses, KuCoin dividends, and referral programs.
7. Buy crypto directly with fiat currencies: If you are beginning your cryptocurrency exploration with KuCoin, you’ll likely purchase crypto using your local currency (e.g. USD). All you need to do is pick the amount of your fiat currency (KuCoin supports more than 50 fiat currencies) and decide which digital currency you wish to buy.
   
   Follow the instructions and your KuCoin wallet will nearly instantly display the digital assets. There are around 50 coins available on KuCoin. If you are looking to buy a coin that cannot be purchased with fiat currencies, you will need to participate in trading on the market.
8. Security: KuCoin is one of the most secure exchanges in the world, thanks to its industry-leading security measures.
9. P2P marketplace – buy & sell with ZERO fees: KuCoin offers a peer-to-peer (P2P) platform where you can buy or sell digital currency from another user at a mutually agreed upon cost.
   
   You can post how much you are willing to purchase or sell and if another person likes your proposal, then the exchange is concluded and you complete the transaction. Additionally, there are no charges associated with this P2P marketplace – a great advantage.
10. Beginner-friendly interface: KuCoin’s user interface is simple and straightforward, making it easy and quick for beginners to trade.
11. Futures and margin trading: KuCoin provides two interfaces for trading futures, namely Futures Lite and Futures Pro. Futures Lite is user-friendly and intuitive, making it ideal for taking a swift futures trade.
    
    The image below displays Futures Lite. On the other hand, Futures Pro incorporates comprehensive trading tools and enables up to 100x leverage. There is a snapshot of Futures Pro below the image of Futures Lite.
12. KuCoin bonus – earn KCS daily: KuCoin provides a bonus to users who maintain more than 6 of their own KCS coins on their exchange platform, much the same way that a bank pays interest on a savings account. This daily bonus works out to a rate of return of around 22% annually.
13. Crypto lending and borrowing: You have the option of making money on your cryptocurrency by loaning it to others on the KuCoin platform. There are more than 160 digital coins to choose from and you can select a loan period of seven, 14, or 28 days. The interest rate you receive daily depends on the amount of interest you set.
    
    The higher you set it, the more cryptocurrency you will receive but fewer people are likely to take up your offer if there are better rates available. You can also borrow cryptocurrency on KuCoin. All you need to do is to choose the coin and the amount you want to borrow and then set the daily interest rate that is suitable for you.
14. Bank-level asset security: You can be certain that your digital currency remains secure when you make transactions with KuCoin. The platform applies many safety protocols, for example, micro-withdrawal wallets, business-grade multiple-layer encryption, and adjustable multi-factor verification.
    
    This is supported by their committed inner risk management teams who survey all dealings daily. KuCoin was hacked in 2020, but they managed to get back much of the money. The unrecovered resources were taken care of by their insurance, so customers did not experience any financial loss as a result of this cyber attack.
15. Advanced features: KuCoin offers a range of additional services, but it’s important to consider if they are actually required. Leverage trading, for instance, is the method of loan-borrowing to acquire more crypto, which should only be used by extremely knowledgeable traders since it increases the danger of investing in cryptocurrency.
    
    The mobile app also permits users to use trading bots, which are programmed to purchase and sell crypto without the need for continuous monitoring. However, compared to robo-advisors, these bots are not as advanced and some have technical issues.
    
    Additionally, it’s hard to know exactly how they are investing your money and you need to be aware of the cryptocurrency trading techniques they use. In the long run, bots do not add much value.

Read: What Are Centralized Exchanges (CEXs)

Experience the Best Crypto Trading with KuCoin Review!

The world of cryptocurrency trading can be daunting to new traders. With so many different platforms and coins to choose from, it can be hard to know where to start.

But with the right platform, trading crypto can be an exciting and rewarding experience. That’s why we’re here to tell you about KuCoin, one of the best crypto exchanges on the market.

We’ll review all the features KuCoin has to offer, from its coins list to its trading fees and more. Read on to find out why you should give KuCoin a try!

Introduction to KuCoin Exchange

KuCoin is a popular cryptocurrency exchange that was founded in 2017. It is based in Hong Kong and has quickly become one of the most popular exchanges in the world.

KuCoin has a wide variety of coins to choose from, including Bitcoin, Ethereum, Litecoin, and many more. It also has a number of trading pairs available, so users can easily trade different coins.

KuCoin is also known for its low trading fees, which makes it one of the most cost-effective exchanges on the market.

KuCoin Trading Volume and Market Share

The crypto market is constantly growing and evolving, with the number of crypto traders and investors growing every day. In 2021 alone, the daily trading volume of the crypto market increased by 700%, making it one of the fastest-growing markets in the world.

This increase in trading volume also led to an increase in the number of crypto exchanges, as investors and traders searched for the most convenient and cost-effective ways to trade. KuCoin is one of the most popular and trusted exchanges, known for its reliable and secure trading platform.

It has been around since 2017 and has since become one of the biggest and most respected exchanges in the crypto world. Its daily trading volume is $35 million, and it has a daily trading volume of more than $1 billion.

KuCoin Fees

When it comes to selecting a crypto exchange, one of the most important factors to consider is fees. It is important to choose an exchange that not only has a wide range of tradable coins but also has a low trading fee.

This will help you save money on each transaction, enabling you to make a profit in the long run. As mentioned earlier, KuCoin has one of the lowest trading fees in the industry.

It charges a 0.1% fee on each transaction, making it the most competitive exchange in the industry. The fee is applied to both sellers and buyers, but it is absorbed by the exchange, making it the most cost-effective trading platform in the industry.

Fee Rate – Spot

Trading Fee Level	Min KCS Holding (Last 30 Days)	or	Spot Trading Volume Last 30 Days (BTC)	or	Futures Trading Volume Last 30 Days (BTC)	Maker/Taker	Pay Fees with KCS (20% off)Maker/Taker	24h Withdrawal Limit
LV0	0	or	<50	or	<200	0.1%/0.1%	0.08%/0.08%	200
LV1	1000	or	>=50	or	>=200	0.09%/0.1%	0.072%/0.08%	200
LV2	10000	or	>=200	or	>=400	0.07%/0.09%	0.056%/0.072%	200
LV3	20000	or	>=500	or	>=1000	0.05%/0.08%	0.04%/0.064%	200
LV4	30000	or	>=1000	or	>=2000	0.03%/0.07%	0.024%/0.056%	200
LV5	40000	or	>=2000	or	>=3000	0%/0.07%	0%/0.056%	500
LV6	50000	or	>=4000	or	>=6000	0%/0.06%	0%/0.048%	500
LV7	60000	or	>=8000	or	>=12000	0%/0.05%	0%/0.04%	1000
LV8	70000	or	>=15000	or	>=20000	-0.005%/0.045%	-0.005%/0.036%	1000
LV9	80000	or	>=25000	or	>=40000	-0.005%/0.04%	-0.005%/0.032%	2000
LV10	90000	or	>=40000	or	>=80000	-0.005%/0.035%	-0.005%/0.028%	2000
LV11	100000	or	>=60000	or	>=120000	-0.005%/0.03%	-0.005%/0.024%	3000
LV12	150000	or	>=80000	or	>=160000	-0.005%/0.025%	-0.005%/0.02%	3000

Fee Rate – Futures

Trading Fee Level	Min KCS Holding (Last 30 Days)	or	Spot Trading Volume Last 30 Days (BTC)	or	Futures Trading Volume Last 30 Days (BTC)	Maker/Taker	24h Withdrawal Limit
LV0	0	or	<50	or	<200	0.02%/0.06%	200
LV1	1000	or	>=50	or	>=200	0.015%/0.06%	200
LV2	10000	or	>=200	or	>=400	0.01%/0.06%	200
LV3	20000	or	>=500	or	>=1000	0.01%/0.05%	200
LV4	30000	or	>=1000	or	>=2000	0.01%/0.04%	200
LV5	40000	or	>=2000	or	>=3000	0%/0.04%	500
LV6	50000	or	>=4000	or	>=6000	0%/0.038%	500
LV7	60000	or	>=8000	or	>=12000	0%/0.035%	1000
LV8	70000	or	>=15000	or	>=20000	-0.003%/0.032%	1000
LV9	80000	or	>=25000	or	>=40000	-0.006%/0.03%	2000
LV10	90000	or	>=40000	or	>=80000	-0.009%/0.03%	2000
LV11	100000	or	>=60000	or	>=120000	-0.012%/0.03%	3000
LV12	150000	or	>=80000	or	>=160000	-0.015%/0.03%	3000

source: kucoin.com

KuCoin Trading Fees

Another great feature of KuCoin is its low trading fees. The platform has a flat trading fee of 0.1%, which is one of the lowest fees on the market. This makes it a great option for those looking to save money on trading fees.

KuCoin also offers a number of discounts for users who use the platform frequently. These discounts can help users save even more money on their trades.

KuCoin Futures Fees

In addition to its spot trading fees, KuCoin also has futures trading available. The platform has a flat fee of 0.05% for futures trades, which is one of the lowest fees in the industry.

This makes it a great option for those looking to trade futures contracts. KuCoin also offers a number of discounts for users who use the platform frequently. This can help users save even more money on their trades.

KuCoin Security Measures

One of the biggest concerns in the crypto industry is security. The market has been widely criticized for being insecure, with numerous hacks and security breaches reported over the years. However, KuCoin takes security very seriously.

It uses industry-leading security measures to protect its users’ funds, making it one of the most secure exchanges in the crypto industry. Its security features are regularly updated to keep up with the latest trends in the crypto industry.

Cryptocurrencies Available – KuCoin Review 2023

KuCoin provides an extensive selection of virtual currencies that customers can obtain, sell, and swap. People who are in search of a vast array of funds may be delighted with the selection that this platform offers. Here is a partial compilation of digital assets that are accessible on KuCoin at the moment:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Binance Coin (BNB)
• Cardano (ADA)
• XRP (XRP)
• USD Coin (USDC)
• Dogecoin (DOGE)
• Polkadot (DOT)
• Uniswap (UNI)

• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Chainlink (LINK)
• Polygon (MATIC)
• Theta (THETA)
• Wrapped Bitcoin (WBTC)
• Stellar (XLM)
• Internet Computer (ICP)
• Ethereum Classic (ETC)
• Filecoin (FIL)

KuCoin Coins List

One of the great features of KuCoin is its impressive coins list. The platform has over 300 different coins available for trading, which is more than most other exchanges. This means that users have plenty of options when it comes to trading different coins.

Some of the most popular coins on KuCoin include Bitcoin, Ethereum, Litecoin, and Ripple. KuCoin also offers a number of unique coins as well, so users can explore some of the more obscure coins on the market.

KuCoin Crypto List

In addition to its coins list, KuCoin also has a number of different crypto pairs available for trading. The platform offers both spot trading and futures trading, so users can find the best option for their needs.

KuCoin also has a wide selection of trading pairs, including BTC/USDT, ETH/USDT, LTC/USDT, and many more. This means that users can easily trade between different coins, making it a great option for those looking to diversify their portfolios.

KuCoin Taxes

Taxes are always an important consideration when trading cryptocurrency. KuCoin is one of the few exchanges that offer tax filing services. The platform has a built-in tax calculator to help users calculate their taxes. This makes it easier for users to stay compliant with their local tax laws.

KuCoin Withdrawal Limit

KuCoin also has a withdrawal limit of $2,000 per day. This limit is relatively low compared to other exchanges, but it can still be helpful for those who want to keep their trades within a certain amount. This limit can be increased if users provide additional information to the exchange, such as proof of identity.

KuCoin Deposit

Depositing funds to KuCoin is easy and secure. The platform supports a number of different payment methods, including credit cards, bank transfers, and cryptocurrencies. Users can also deposit funds into their accounts using PayPal, making it easy for those who prefer not to use traditional banking methods.

Trading Experience – KuCoin Review

KuCoin’s users have access to their accounts through both a web-based interface and mobile apps for Android and iOS. Both versions are equipped with an extensive array of functions and tools.

After signing in, whether on desktop or mobile, people can click to check out the markets, purchase cryptocurrencies, trade, lend crypto, and more.

The platform includes four order types–market, limit, stop-limit, and stop-market–while margin, futures, and peer-to-peer trading are also accessible, which could be beneficial to some users.

In addition, KuCoin supports staking and recently launched a Trading Bot attribute to facilitate the trading process; it essentially acts as a digital financial advisor for a user’s digital currency portfolio.

Despite the many options this exchange provides, its desktop and mobile platforms are not very user-friendly. That being said, the site does have a respectable help center where users can find answers to frequently asked questions.

Opening an Account – KuCoin Exchange Review

Joining KuCoin is straightforward and won’t take long. To initiate, go to the homepage and press “Sign Up” situated at the top right-hand side of the page.

You must then enter your phone number or email address, a confirmation code, and a password. After your account is set up, you can start trading.

You also have the option to get through the KYC verification process, which will provide you with higher daily withdrawal limits and more functions. KuCoin crypto exchange provides both simple and advanced KYC authentication procedures.

To finish the basic method, just log in to your account, click on “KYC verification” beneath your profile picture, and supply some fundamental personal information.

If you choose to do the advanced process, you are required to submit additional documents, such as a selfie or a photo of your government-issued ID, in addition to your basic personal information.

Completing the advanced verification gives you access to more trading benefits.

KuCoin News – KuCoin Crypto Exchange

KuCoin also offers a news section on its website. This section includes regular updates on the platform and news about the crypto market. This can be helpful for those who want to stay up to date with the latest developments in the crypto world.

Using KuCoin in the US

KuCoin exchange is not available in the US, but US users can still access the platform through a number of different methods. US users can use a VPN to access the platform, or they can use a third-party service such as CryptoTax. These services make it easy for US users to access the KuCoin platform.

KuCoin for US Residents

KuCoin exchange is not available in the US, so US users will need to use a third-party service to access the platform. There are a number of services that US users can use to access KuCoin, such as CryptoTax. These services make it easy for US users to access the KuCoin platform.

Customer Satisfaction – KuCoin Exchange Review

KuCoin has been graded very inadequately by its users and has an average of merely 1.7 out of 5 stars in almost 600 Trustpilot reviews. Numerous bad reviews point to complications related to customer service, depositing money, and collecting funds.

Others have accused KuCoin of manipulating the market and report that their investments have vanished from their accounts, which is a major cause for concern. Despite the unfavorable opinions, some reviewers have noticed the low fees and huge array of coins available on the platform.

Account Management – KuCoin Review

It is possible to access your KuCoin account from desktop computers, Android phones, and iPhones. Signing up is free and after that, you can log in and carry out transactions with cryptocurrency at any time.

If you have any problems or queries about your account, you can communicate with KuCoin via live chat or submit a request for help.

How KuCoin Compares to Other Cryptocurrency Companies

KuCoin exchange provides a vast range of digital coins and charges comparatively low fees compared to other crypto exchanges.

It also has advanced services such as staking, margin, futures, and P2P trading which could be attractive to more seasoned users. Nonetheless, there are some drawbacks to be aware of.

KuCoin is not certified in the U.S. and recently experienced a major hack. For those considering buying or trading crypto, this article examines how it measures up against another major exchange, Coinbase.

KuCoin vs. Coinbase

Both KuCoin and Coinbase are among the most renowned cryptocurrency exchanges in the world in terms of the trading volume. Nevertheless, there are certain distinctions between the two platforms:

KuCoin crypto platform is not allowed to operate in the United States, while Coinbase is licensed to do so; KuCoin provides more than 600 digital currencies, while Coinbase supports only 150; Coinbase charges higher trading fees than KuCoin; Coinbase users can access phone support, a service not available with KuCoin exchange.

For those based in the United States, Coinbase is probably the preferable option regardless of the higher fees. On the other hand, people from other countries may take advantage of KuCoin’s lower fees and a wider array of crypto.

Read our full Coinbase review.

Alternatives to consider – KuCoin Crypto Exchange

• If you want a secure exchange with no withdrawal fees: Gemini is well-known for its robust security protocols and its adherence to governmental regulations. Additionally, users are able to make 10 free crypto transactions each month, and there are no charges for depositing money via a wire transfer.
• If you desire to procure a great variety of currencies through a regulated exchange: Because of the rules that are imposed in the United States, citizens don’t have access to a wide range of digital currencies. Nevertheless, Coinbase has a decent array of choices, which is why it is one of the most favored American exchanges.

What KuCoin Can Do to Improve?

U.S. Licensure: The most significant issue encountered by the U.S. users of KuCoin is the fact that the platform is not licensed in the U.S. This creates a lot of risks, including the inability of Americans to go through the KYC process.

If U.S. customers were allowed to carry out KYC verification, they would have access to all of KuCoin’s features and the platform would be more secure and accessible. As it stands, U.S. customers of the KuCoin exchange are exposed to more risks than those using U.S.-licensed platforms.

For this reason, the KuCoin exchange may be more suitable for international users. Without being able to complete KYC verification, U.S. customers are not provided with the same level of protection as other users.

Is your cryptocurrency safe with KuCoin?

To secure its crypto resources, KuCoin exchange has connected with a firm called Onchain Custodian, and it offers insurance from Lockton to protect against such malicious acts as hacking. Moreover, the exchange has a bug bounty system to motivate ethical hackers to reveal any flaws in the system.

KuCoin exchange stores the client’s funds in cold storage, making it difficult to be hacked, but it does not mention the number of resources kept offline. It is essential to maintain some funds online in hot wallets so people can perform transactions and withdrawals, and it would be valuable to have knowledge about the portion being kept in each place.

In late 2020, some of KuCoin’s hot wallets were hacked, and the losses were compensated for by insurance. The exchange also acted quickly and was straightforward about the incident.

KuCoin crypto exchange promotes user security with two-factor authentication, a trading password, and safety phrases in emails. This is beneficial considering that phishing attacks, perpetrated by criminals pretending to be valid businesses, are becoming more prevalent.

It is not known if an insurance policy exists to cover losses if the company fails, as with banks that have FDIC insurance which can cover up to $250,000.

Additionally, citizens of the United States may face higher threats when using an unregulated exchange. Law enforcement is actively blocking U.S. people from using unlicensed platforms to avoid illegal money laundering and tax fraud. If you use an unregulated exchange, you could find yourself with a frozen account and unable to access your cryptocurrency.

KuCoin crypto exchange is right for you if:

If you are a non-U.S. inhabitant and you are interested in purchasing modern or not-so-famous cryptocurrencies, and you have a lot of experience in this area and you would like to have access to more complex features, and you want to gain interest in your digital assets while still knowing the dangers associated, then this is the right place for you.

Conclusion: Is KuCoin Still the Best Cryptocurrency Exchange in 2023?

KuCoin is one of the best crypto exchanges on the market. The platform has a wide variety of coins to choose from, as well as a number of trading pairs. It also has some of the lowest trading fees in the industry, making it a great option for those looking to save money on fees.

The platform also has a news section and tax filing services, so users can easily stay up to date with the latest developments in the crypto world. With all these features, it’s easy to see why KuCoin is one of the most popular exchanges in the world.

After reviewing the KuCoin exchange and its features, we can conclude that it is one of the best crypto exchanges in the industry. It has a wide range of tradable coins, competitive fees, and a wide range of rewards and promotions for users. It has a user-friendly interface, making

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