Is "KuCoin Login" bad for beginners in 2022?

If you are looking for a wide range of cryptocurrencies then you can give this platform a try. But remember that, this platform doesn't provide you with advanced securities like other exchanges. Read this article to get more details!

We can't say if the platform is good or bad for beginners. In general, it is equal for both beginners and experienced. It can be considered an ideal exchange as there is nothing special about this platform that makes it different from other platforms. On top of that, it is not licensed to operate in United States, which is the biggest drawback. Also, it doesn't even provide good security to the accounts. But let us learn a few things about KuCoin Login in the following article.

Pros and Cons of having a KuCoin account:

Pros:

  • Have access to more than 500+ coins
  • Free Tether coins (USDT) for new users as rewards
  • Algorithms to stake for a profit
  • Advanced trading options
  • Features and abilities to trade on margin
  • Very low fee structure as compared to others

Cons:

  • Not licensed in the United States of America
  • US-based traders need to have crypto already in the accounts to trade or invest
  • Difficult to navigate for new investors and traders
  • Very poor reviews from new users

Cryptocurrencies available on KuCoin Login:

This platform offers more than 500+ cryptocurrency tokens. However, people cannot afford to see all of them so we have mentioned some popular cryptocurrencies below:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Solana (SOL)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Cosmos (ATOM)
  • Chainlink (LINK)
  • Decentraland (MANA)

KuCoin login fee: Kucoin has a rank system for using a maker-taker model for spot trading. With spot trading, you are not actually buying the cryptocurrency, rather you are trading something you already have for another coin, it is like swapping things for one another. The highest fee you will pay for spot or trading is 0.16%. Although, if you are a maker then you might be eligible for a negative fee at higher levels and end up rewarding yourself in liquidity.

Does KuCoin provide security?

It is indeed a secured platform that provides

  • Industry-standard security protocols to protect the user accounts and holdings
  • The two-factor authentication process for double security

Let us see the factors if it is really secured platform or not:

  • KuCoin login was the target of a hack in which the information regarding private keys and hot wallets were leaked
  • A large number of cryptocurrencies were stolen including BTC and ETH
  • The stolen amount was approx 285 million dollars

Conclusion:

If you are looking for a wide range of cryptocurrencies then you can give this platform a try. But remember that, this platform doesn't provide you with advanced securities like other exchanges. This can be your trial version to gain knowledge of how crypto works and if you become good at it, then you either carry on with KuCoin login or switch to a better place, it is totally up to you. However, read the full article and gain more knowledge about KuCoin. Also, contact customer support for better assistance.