Kucoin Safe? Exchange Review, Beginner's Guide & 60% Discount!!
Published: 2024-05-09
Status:
Available
|
Analyzed
Published: 2024-05-09
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
KuCoin offers a limited-time exclusive discount of up to 60% on trading fees for Coin Bureau viewers who sign up via their provided link.
"if you use the sign up link in the description of this video you'll be eligible for trading fee discounts of up to 60% this is an exclusive deal that only viewers of the coin Bureau can get it's also for a limited time only so be sure to sign up while you can"
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KuCoin employs a tiered fee structure that reduces fees based on 30-day trading volume (spot or futures) or holdings of KCS tokens.
"now kucoin has a tiered fee structure whereby you can access lower fees based on either your spot or Futures Trading volume over the last 30 days or your Holdings of C coin's own KCs token"
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Using KCS tokens to pay for KuCoin trading fees provides an automatic 20% discount.
"you can also pay for fees with KCs which is subject to an automatic 20% discount"
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To reach KuCoin's Level 1 trading tier, users need a 30-day spot trading volume of at least 50 BTC or a futures volume of at least 100 BTC.
"that's because you'll need a 30-day spot trading volume of no less than 50 BTC or Futures volume of no less than 100 BTC to get there"
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Reaching KuCoin's Level 1 tier requires a significant trading volume, with 100 BTC futures volume being approximately $7 million at current prices.
"you'll need a 30-day spot trading volume of no less than 50 BTC or Futures volume of no less than 100 BTC to get there at today's prices 100 BTC is around $7 million"
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Holding 1,000 KCS tokens is sufficient to advance to KuCoin's Level 1 trading tier.
"you can advance to level one by just holding 1,000 KCs"
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Signing up with the provided link offers a discount of up to 60% on KuCoin trading fees.
"you can get a discount of up to 60% on these by using our signup Link in the description"
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KuCoin's trading bots are utilized by over 10 million users collectively.
"these Bots are very popular with somewhere north of 10 million users between them"
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KuCoin permits leverage of up to 125x on futures trading.
"kucoin offers you the ability to take a position up to 125 times the size of your margin"
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KuCoin offers perpetual futures contracts with leverage up to 125x.
"Perpetual Futures contracts with up to 125x leverage"
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KuCoin allows up to 5x leverage for cross-margin trading on the spot market.
"you can trade with up to 5x leverage using cross margin"
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KuCoin provides up to 10x leverage for isolated margin trading on the spot market.
"kucoin offers up to 10 X leverage in this mode"
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KuCoin lacks a direct fiat on-ramp comparable to exchanges like Coinbase, Kraken, and OKX.
"kucoin does not have a theat onramp in the same way that the likes of coinbase Kraken and okx do"
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KuCoin's fiat deposit page appears to only support the Brazilian Real, with no support for other currencies observed.
"kucoin's website does have a deposit feat page but it doesn't seem to support any currencies except the Brazilian real as far as we could see"
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Using KuCoin's Fast Trade feature with a Visa or Mastercard can result in a nearly 5% loss compared to the spot market price for $100 worth of USDT.
"when we checked $100 could only buy 95.4 n usdt ouch that's almost 5% less crypto for your money"
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KuCoin's P2P market allows buying crypto from third-party vendors, with an example showing $100 yielding 96 USDT.
"you can also choose another payment method but what this actually means is buying crypto from a third-party vendor kucoin automatically shows you the best offer this time our $100 got 96 usdt"
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KuCoin's P2P market is free of fees.
"you might be able to find a better offer on C coin's P2P Market this has no fees which is great"
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KuCoin is recognized for its early listings of small-cap altcoins before they become available on larger exchanges.
"what kucoin is really known and loved for is its early listings of small cap altcoins that have yet to hit the very biggest exchanges"
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KuCoin recommends enabling two-factor authentication using email, phone, or Google Authenticator for enhanced security.
"first you should turn on two Factor authentication via email phone or Google's own authenticator app"
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Users can further secure their KuCoin accounts by setting up a trading password and a login safety phrase.
"you can also set up a trading password and login safety phrase"
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Restricting login IP addresses on KuCoin will log out previous sessions when accessed from a new location, enhancing security.
"it's a good idea to restrict your login IP so that your last session is logged out when you access kucoin from a new location"
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KuCoin's anti-phishing code feature can be set up for emails, withdrawals, and login, serving as a defense against scams.
"another good feature to set up is an anti- fishing code you can set these up for emails withdrawals and also for logging into kucoin"
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KuCoin has jurisdiction restrictions, notably excluding users from the US, UK, and Singapore.
"kucoin does have restrictions on certain jurisdictions we'll leave a link to the full list below but the most notable of these exceptions are the US UK Singapore and a few others"
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KuCoin's Know Your Customer (KYC) verification process can be completed in under 5 minutes.
"KYC can be completed in under 5 minutes"
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KuCoin offers a daily withdrawal limit of approximately $1 million after KYC verification.
"a daily withdrawal limit of about a million dollar"
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KuCoin has a P2P trading limit of $500,000.
"a PTP trading limit of half a million"
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KuCoin offers futures leverage of up to 125x.
"Futures leverage of 125x"
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It's advised not to trade crypto on KuCoin or any platform without a sound trading and risk management strategy.
"you should not buy sell or trade crypto on C coin or anywhere else if you don't have a proper trading and risk management strategy"
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Lack of a proper risk management strategy will lead to a negative trading experience, regardless of the exchange's quality.
"without a proper risk management strategy in place you're going to have a dreadful time and it won't be the exchanger fault"
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Effective risk management includes withdrawing crypto from KuCoin to a personal wallet, ideally a hardware wallet, as soon as possible.
"risk management doesn't just mean laying off The Leverage it means removing your crypto from kucoin at the soonest opportunity if it's your crypto it should be in your wallet preferably a hardware wallet"
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Market orders on KuCoin execute trades at the best available immediate price.
"the most straightforward is The Good Old Market order this executes a buy or sell at the best price that is immediately available"
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Limit orders on KuCoin allow users to set a specific price for their trades.
"limit orders allow you to specify a price"
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A stop-market order on KuCoin becomes a market order once a specified price threshold is reached.
"a stop market order is a market order that activates once a certain price threshold has been breached"
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KuCoin offers advanced order types including stop-limit, stop-market, trailing stop, and OCO.
"stop limit stop market trailing stop and Oco"
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KuCoin allows leverage trading on the spot market using cross and isolated margin options.
"the cross and isolated margin options both enable you to make leverage trades on the spot Market using Assets in your margin account as the margin"
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Cross margin trading on KuCoin treats all assets in the margin account as a single position with a unified debt ratio.
"in Cross margin trading all of the Assets in your margin account are treated as a single position with a unified debt ratio"
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KuCoin allows up to 5x leverage for cross-margin trading.
"you can trade with up to 5x leverage using cross margin"
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Isolated margin trading on KuCoin isolates the risks and debt of each trade to that specific transaction.
"with isolated margin trading each trade you make and all its Associated risks and debt are siloed to that specific trade"
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KuCoin provides up to 10x leverage for isolated margin trading.
"kucoin offers up to 10 X leverage in this mode"
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KuCoin's trading terminal allows easy switching between spot, margin, and perpetual futures trading.
"kucoin makes it very simple to switch between regular spot trading margin and Perpetual Futures Trading within the trading terminal"
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KuCoin's futures trading positions are all treated as isolated, unlike some other exchanges that offer cross/isolated margin options for futures.
"unlike some other exchanges kucoin doesn't offer the ability to switch between cross and isolated margin for Futures Trading and instead treats all Futures positions as isolated"
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It is strongly advised to always use a stop-loss order when trading futures on KuCoin.
"if you do decide to trade Futures then you should never do so without a stop loss"
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KuCoin's futures trading calculator is a valuable tool for planning trades, located next to the leverage button.
"it's also a very good idea to plan your trades with the calculator function which you can find next to the leverage button"
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KuCoin offers automated trading bots that can execute strategies 24/7 with precision.
"automated trading Bots these can run for you 24/7 executing your trading strategy with precision"
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KuCoin provides a variety of trading bots, including spot, futures, infinity grid, DCA, portfolio rebalancing, and spot Martingale bots.
"K coin's Bots include spot Futures and infinity grid Bots a DCA bot a portfolio rebalancing bot and a spot Martingale bot"
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KuCoin's grid bots are designed for automated strategies of buying low and selling high.
"the grid Bots are all variants of automated buying low and selling High"
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The DCA bot on KuCoin automates cryptocurrency purchases in set increments at regular intervals.
"the DCA bot simply buys crypto in increments at set intervals"
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KuCoin's smart rebalancing bot enables profiting from arbitrage while maintaining a desired crypto ratio in a portfolio.
"the smart rebalancing bot allows you to profit from Arbitrage while maintaining a specific ratio of each crypto in your portfolio"
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Users can copy the parameters of top-performing bots from KuCoin's leaderboard to use for their own trading.
"you can copy their parameters and run the same bot for yourself"
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A limited-time exclusive offer provides Coin Bureau viewers with up to 60% off trading fees on KuCoin upon signing up through their link.
"you'll be eligible for trading fee discounts of up to 60% this is an exclusive deal that only viewers of the coin Bureau can get it's also for a limited time only"
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KuCoin serves over 30 million registered users across more than 200 countries.
"kucoin has over 30 million registered users in more than 200 countries"
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KuCoin ranks as the seventh largest cryptocurrency exchange based on trading volume.
"it's the seventh biggest crypto exchange by trading volume"
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The anti-phishing code on KuCoin acts as a crucial indicator; its absence signals a potential scam.
"if you see your anti- fishing code you're brain if you don't run for the hills because you're looking at a scam"
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Using fiat currency on KuCoin for trading is described as more complicated.
"now when it comes to using Fiat on cin things are a little more complicated"
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KuCoin's 'Convert' feature offers an easy, fee-free way to swap one cryptocurrency for another.
"the easiest way to trade crypto on kucoin is convert this easy to use interface allows you to swap one crypto for another with no fees"
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While fee-free, KuCoin's Convert feature may involve a small premium due to conversion spreads, resulting in less favorable prices than the spot market.
"you are likely to pay a small premium for using convert this is because of the conversion spread used when generating quotes which tends to offer prices slightly less favorable than what you'll see on the spot market"
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KuCoin's trading terminal offers a comprehensive set of features and three layout options: classic, professional, and full screen.
"K coin's trading terminal has all the features you'll need you can choose from three basic layouts classic professional and full screen"
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Users can customize the KuCoin trading terminal by rearranging its components through drag-and-drop functionality.
"you can click and drag any part of the terminal to rearrange it to your liking"
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The charting interface on KuCoin is powered by TradingView.
"the chart which is provided by trading view"
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KuCoin provides a wide array of technical indicators for trading analysis.
"you have a huge number of technical indicators at your disposal"
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Bollinger Bands, RSI, and Moving Averages are recommended as good starting points for technical analysis on KuCoin.
"a great start would be to learn about the Ballinger bands and if you want more lines to look at then the relative strength index and moving averages are also widely used for good reason"
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The speaker strongly advises against using leverage trading, stating it is not necessary.
"the most important thing we can tell you about Leverage is that you really do not need it"
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Higher leverage on KuCoin increases the risk of liquidation, resulting in a forced closure of the position at a loss.
"the higher your Leverage The more likely you are to be liquidated meaning that your position will be force closed at a loss"
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Perpetual futures contracts on KuCoin allow positions to remain open indefinitely until voluntary exit or liquidation.
"Perpetual or per contract allows you to keep a position open until you either Exit it voluntarily or are liquidated"
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KuCoin's futures trading allows setting take-profit and stop-loss orders to partially or fully close positions at predefined prices.
"when you open a position you have the ability to set specific prices at which to partially or fully close your position with take profit and stoploss orders"
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KuCoin Earn offers opportunities for passive income through staking, lending, yield farming, and structured products.
"there's kucoin NN where you can set idle crypto to work generating passive income from State lending yield farming and other Structured Products and promotions"
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KuCoin's pre-market allows over-the-counter (OTC) trading of unlaunched coins and tokens.
"then you can trade unlaunched coins and tokens OTC on C coins pre-market"
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Users can participate in new projects through KuCoin's Spotlight platform.
"claim a share of the latest project on Spotlight"
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The KuCoin Rewards Hub allows users to earn incentives by completing various tasks on the platform.
"the rewards hub where you can claim incentives for completing tasks on kucoin"
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KuCoin features games, including 'Futures Brawl,' utilizing NFTs on its Wonderland platform.
"Kucoin even has games like the popular Futures brawl and a host of others that make use of nfts on the exchanges Wonderland platform"
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Withdrawals of cryptocurrency from KuCoin incur fees, unlike deposits.
"unlike deposits there are fees for withdrawing crypto from kucoin"
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KuCoin has minimum withdrawal quantities for different assets.
"there are also minimum withdrawable quantities"
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Withdrawal fees and minimums on KuCoin vary depending on the asset and the blockchain network.
"these fees and minimum differ from asset to asset and chain to chain"
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