Kucoin become the Best Crypto Exchanges in Singapore for Singaporeans as an alternative to Binance.
KuCoin offers spot trading, futures trading, margin trading, instant exchange of one crypto to another, P2P Fiat Trade, partner sites to buy crypto using cards, lending, staking, wallet partners for trading, mobile apps and much more.
KuCoin is a newly-launched Best Crypto Exchanges in Singapore; it started operations in September 2017 and is already making a big impression on traders and users thanks to its innovative listings, partnerships and user rewards.
Users can earn rewards in exchange for using the platform and holding the exchange’s token KucoinShares (KCS). Dividends are dependent on the number of coins each user holds and they are paid daily.
The long-term goal of KuCoin is to become one of the top 10 exchanges in the world, they have quickly gained traction by collaborating with many established communities and listing new tokens based on user’s opinions and requests.
They have often been compared to Binance thanks to their simple User interface, fast transactions, and good design. At the same time, they have gained notoriety for good customer support which has been well received by traders and users frustrated with larger exchanges’ lack of response to support requests. People have started calling it ‘the people’s Best Crypto Exchanges in Singapore.
As of today, KuCoin provides services in most countries in the world, including Turkey, India, Japan, Canada, United Kingdom, Singapore, and many others.
The trading website is translated into 17 languages, including English, Russian, South Korean, Dutch, Portuguese, Chinese (simplified and traditional), German, French, Spanish, Vietnamese, Turkish, Italian, Malay, Indonesian, Hindi, and Thai.
KuCoin, like its counterparts Binance, Okex, has grown a lot over the years since its inception and is still competing head-to-head with them. The exchange offers pretty much everything that the crypto industry has to offer when it comes to trading and investing in crypto assets.
We tested deposits, withdrawals, trading on spot markets, trading on futures market and we faced no issues. It will be interesting to see what the KCS ecosystem has in store and if KuCoin releases Options trading.
The exchange is secure in multiple ways so stealing user funds is pretty difficult.
They have a range of contact options for their support team and all in a selection of different languages. With companies that have not been around for as long as many of the others, there are some risks still involved. The longer Kucoin goes without any dramatic incident or security breach, however, the more trust it will build with traders everywhere.
Overall, KuCoin is one of the lowest-fee exchanges in terms of trading fees. It is safe to say that KuCoin is the biggest competitor is Binance, as both exchanges have similar competitive strategies. They charge almost equally low fees, though KuCoin Shares (KCS) offer some additional advantages.
KuCoin offers real-time inter-platform exchange services of high accessibility, providing convenience for users to trade, deposit, and withdraw through KuCoin App or the official KuCoin website.
KuCoin aims to protect users’ privacy and assets from infringement. The security team has been constantly improving related mechanisms and conducting periodic reviews to protect users’ privacy and assets.
The KuCoin support team is available 24 hours a day to assist you with any issues or questions you may have.
KuCoin has very low withdrawal fees, which makes it more affordable and convenient to withdraw your balance!
Trading Bot, in Kucoin.com how to use?
You can’t spend most of your days trying to figure out the right trades. And when dealing with crypto, there are no set times to trade. The crypto industry doesn’t have a close time; the trades happen 24/7, and opportunities can pass by when you’re asleep.
The KuCoin trading bot provides trading bots within the exchange itself. It gives users a new way to generate passive income in Singapore without having to always sit in front of a screen.
With KuCoin, the facility offers trading bots that can act in your interest as long as you have the right strategy in place. All you need to do is set up an account, make deposits and enter trading parameters – the bot will take it over from there.
The bot will then analyze the forecast and the prices based on analytics and info about the market. There are also several other tools that the bit uses to make the proper analysis. The bot will then use the combinations to place sell and buy orders depending on the price moves.
Understanding any exchange is quite challenging as you need to dig deep into the basics of how it works. Before starting KuCoin, you need to understand it in totality. This is what you need to know about the KuCoin, Best Crypto Exchanges in Singapore and how it works.