KuCoin Review: Is It A Trustworthy Trading Platform?

KuCoin Review

Cryptocurrency has been a fairly controversial asset given its volatile nature. Slight changes in the financial industry can either cause its rates to go up or down. The main point of discussion is that whether investing in cryptocurrencies is a smart choice or not. If you are interested in trading cryptocurrencies then you should know that the best way forward to pursue it is by signing up with a cryptocurrency exchange platform. So, today, I will be talking about a cryptocurrency exchange platform that you can trust in this KuCoin review.

Let’s take a look at some features of KuCoin that make it a trustworthy platform.

Features of KuCoin That You Can Trust

Security Protocols

KuCoin prides itself on the level of security that it offers to its traders. It uses layered security protocols which ensure protection at every level. Instant encryption software has been implemented to ensure that all the client data is safe in the exchange platform’s system. The firm uses bank-level security protocols to protect the funds that traders deposit in their trading accounts. Moreover, it has also assigned a risk control department that regularly monitors the security protocols to ensure that the traders’ funds and their information are safe on the platform.

AML & CTF Policies

If you are familiar with online trading then the words AML and CTF should immediately put you at ease. This is because the presence of these policies is proof that the exchange platform is regulated and can be trusted. AML stands for Anti-Money Laundering while CTF stands for Counter the Financing of Terrorism and these policies make sure that any of the funds that you deposit to your account or earn through profits are not being used for illegal means.

The exchange platform is compliant with several other policies as well which should be enough proof for you to trust the firm. These policies are ISP (International Sanctions Policy) and KYC (Know Your Customer) policies.

Social Media Presence

KuCoin has a strong social media presence. This should give you an example of how much range this exchange platform has. It has active profiles on several different social media platforms including Facebook, Twitter, YouTube, Discord, Linked In, and many more. What makes KuCoin even more credible is the fact that it has different accounts for the different countries that it is available in. For instance, it has 14 different Facebook accounts in different languages so that it is easier for traders of particular countries to interact with the firm.

When an online exchange platform provides so many different ways of getting in touch with them, you know that they are a firm that you can rely on.

Trading Platforms

This exchange platform doesn’t disappoint when it comes to the quality of trading platforms. The trading platform that KuCoin offers was made with robust technology so that it is able to help traders stay on top of the latest changes in the market. You can access the trading platform that KuCoin from your laptops, computers, as well as smartphones. And if you are one of those people who prefer to look at stocks while commuting to work, then you can download apps for the platform from the App Store for iOS devices and Google Play for Android devices.

Lending & Staking Services

KuCoin provides lending and staking services that allow traders to earn cryptocurrencies. They can earn cryptocurrencies by lending some of their share of cryptocurrencies to the exchange platform and sign a contract for it. After the contract ends, the exchange platform will provide you with some cryptocurrencies. Traders can earn a portion of almost 50% from the profit that the exchange platform makes by staking.

Final Thoughts   

KuCoin is among the leading exchange platforms because of the vast variety of cryptocurrencies that it supports. It is a reliable and trustworthy exchange platform that is available in almost 205 countries. It offers multilingual support in over 10 languages which gives traders the option of trading without any communication errors. If you are looking for a platform that offers modern trading facilities such as auto trading and many other important features, then you need to consider KuCoin.