Hello friend, I will to discussion with about Kucion, the there non-kyc complaint, the brief history, some amazing features the have. Before we dive into what kucoin is, we need to understand what KYC is.
KYC is an acronym for Know Your Customer and KYC is one important thing that makes the Kucoin exchange platform different from other exchange platforms and this makes many people in the crypto space love kucoin. KYC was implemented by the exchange platform due to the fact required them to record information before having the privilege to buy and sell crypto. The government required your personal information in other to tax you.
Kucoin doesn't ask for your personal information to buy and sell crypto, unlike Binance and Coinbase which require your name, address, picture, and license. To trade on Kucoin, they only need your name and email. Kucoin can never report trades to the government. Even if they want to, they will need your full detail which Kucoin won't ask for.
Kucoin trade its trading journey back in 2017 in Seychelles but its major base of operations is in Singapore. Back in 2020, Kucoin exchange platform lost over 280 million dollars worth of assets to hackers but their customers didn't lose any money because their company was covered by insurance.
Let me work you through the wallet overview. It has many accounts. It has the main account, trading account, futures account, financial account
Kucoin has a huge amount of trading pairs. If your stroll through their platform, you discover they up to 20 pages of crypto which basically mean they have ton of cryptocurrencies you can trade with. If you can find a crypto, it is because it only on DEX.
Let me work you through the wallet overview. It has many accounts. It has the main account, trading account, futures account, financial account.
The main account is just like an account with an overarching account the moving asset. You can move assets from your main account to trading accounts or other accounts.
Select the asset you want to transfer and enter the amount you want to transfer. Then, click confirm. The asset will be immediately transfered.
You can deposit and transfer your cryptocurrencies. Just click on the search bar and search the coin you want to deposit and transfer. Then, click deposit. I will be using USDT as an example.
Click on select network to choose network you will like to deposit with.
I selected tron network for my deposit. Your USDT will be deposited after one block.
One thing we should know is that using spot trading to buy and sell crypto on Kucoin is very easy.
You can also use your debit or credit card but I prefer to buy my crypto from another platform and transfer my crypto to the Kucoin platform and it because the debit card, P2P, and third-party trading option transaction fees are usually high.
If you have try Kucoin exchange platform, you should check it out. It has some amazing feature the you would love. I hope love this content.
Regards:
@olatunde1
https://twitter.com/olaspecial17/status/1543217362542919680?s=20&t=Zrk4wkkE-0Lcnt3OvAECbg
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I also use the exchange platform and of course there is quite good with the features offered.
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It is very useful.
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A very nice review...well I don't use kucoin but I with what you have presented,I might just give it a try... I also heard it has a lot of gem coins. Thanks for sharing.
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