![]() Unlike brokers such as Coinbase, you don’t actually purchase coins from Kucoin. Kucoin is a traditional third-party cryptocurrency exchange, insofar that they stand between buyers and sellers. This makes it challenging for first time crypto traders to enter the marketplace. These revenues are linked to the fees Kucoin makes via its facilitation of trading.Īlthough Kucoin is great for low trading fees and an extensive range of supported coins, the platform does not have any relationship with fiat currency. Known as Kucoin Shares, those holding the token are accustomed to a share of the platform’s profits. The Kucoin exchange has also issued their very own cryptocurrency token. This includes popular coins like Bitcoin (learn how to buy bitcoin with a credit card) and Ethereum, as well as more obscure ERC-20 tokens. The exchange now lists hundreds of cryptocurrency pairs. What is Kucoin?Īlthough Kucoin was only launched in 2017, the platform is now one of the most popular cryptocurrency exchanges in the industry. We instead prefer heavily regulated platforms like Coinbase, who on top of holding two regulatory licenses, allows you to deposit funds with debit/credit cards and e-wallets, and they even allow you to short crypto. The main reasons for this are that Kucoin operates in an unregulated manner, and users are unable to deposit or withdraw funds with real-world money. If you don’t have the time to read our review in full, we summarized by noting that we cannot endorse Kucoin.
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