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KuCoin Cryptocurrency Review: Is it legit, safe and trustworthy for UAE citizens and residents?

KuCoin is a global exchange for cryptocurrencies, and it now has registrations for more than 300 different cryptocurrencies. It does it by offering exchange services for the purposes of conducting transactions involving digital assets. KuCoin is also known as the "people exchange," because it is noted for having the lowest trading costs of any cryptocurrency exchange. KuCoin asserts that one out of every four cryptocurrency holders in the world is a customer of KuCoin. In 2017, Eric Tang and Michael Gan established a cryptocurrency known as KuCoin with the goal of making it easier for people all around the world to freely exchange digital wealth. KuCoin has a large client base, with more than eight million members in about 300 countries, however the company does not have a license to conduct business in the United States. In the highly competitive market for cryptocurrencies, KuCoin made an effort to develop multilingual communities that provided round-the-clock assistance for consumers.

KuCoin supports a total of 16 different languages for its communities. Nearly 420 projects are supported by KuCoin, and it offers 790 trading pairs. The Kucoin exchange served as the major listing venue for the cryptocurrencies AERGO, RNDR, ICP, BOSON, and DAO. The findings of a survey conducted by CoinMarketcap place KuCoin in fifth place among the most significant cryptocurrency exchanges worldwide. The cryptocurrency trading platform KuCoin is a hybrid that combines aspects of both controlled and decentralized markets. The restrictions that were followed by KuCoin for its development are the same regulations that are followed by Hong Kong's financial institutions. The company operates three data centers, each of which has functionality that overlaps with the others so that the firm may continue to function normally from any of the three.

Both a mobile app and a web platform are available for usage on the KuCoin exchange; users may download the applications in order to purchase or sell digital assets. Both are capable of processing somewhere in the neighborhood of one million transactions per second. KuCoin supports Simplex, Banxa, and payMIR as methods for purchasing cryptocurrencies using fiat currency. The fees associated with transactions could change depending on the mode of payment used. KuCoin makes tradable assets like as DeFi, NFT, Metaverse, Solana ecosystem, Polkadot, and Web 3.0 available to its users. KuCoin has more than 820 million and counting in cumulative trades after having been registered for a period of four years. The typical daily volume of transactions at the exchange is close to 4 million. It offers a spot trading facility, through which traders may immediately transfer roughly 200 coins, and a margin trade facility, through which traders obtain adequate leverage of around 10x for trade. Traders can also immediately move approximately 200 coins using the spot trade facility.

A futures trading facility is available on KuCoin, with a distinct section reserved for beginners as well as pros. Pool-X functions as a professional asset manager, and users can stake coins using Pool-X. It is a proof of stake mining pool that is designed for the next generation and has the potential to provide liquidity services for staked currencies. Proof of liquidy is the source of power for the Pool-X. Traders on the TRC-20 platform have access to a bot that allows them to place orders without having to continually monitor the market. Users have the ability to exchange USDT, BTC, and ETH directly with one another through the usage of the p2p marketplace. P2P also enables wire transfers, interact, as well as the following currencies: USD, IDR, VND, and CAD.

KuCoin spotlight is an initial exchange offering launchpad that is provided by the company. Users have the opportunity to invest in new initiatives that are backed by KuCoin. Some of the projects that have done Initial Coin Offerings (ICOs) utilizing the KuCoin platform include Tokoin, LUKSO, Chromia, Bitbns, TRIAS, and MultiVAC. ARWEN clients, which allow non-custodial trading, are available for download on the KuCoin exchange for traders to use. Due to the sophisticated security measures that KuCoin employs, investments made there are risk-free. KuCoin has formed a strategic partnership with the on-chain custodian to ensure the safety of the asset. Traders with more experience may make the most of the superior technology, features, and lucrative programs that the KuCoin platform offers by making strategic use of the platform.



KuCoin shares, usually referred to as 'KCS,' is the native cryptocurrency of the KuCoin platform. KCS is employed here as a kind of remuneration for existing users who bring in new consumers for the system. KCS holders who have accumulated more than a certain limit are eligible for an extra trading charge reduction. In addition to this, they will be eligible for a KuCoin payout known as the KuCoin bonus, which is equal to nearly half of the trading costs. This category's new members will get a 40% dividend, which will be paid out on the token that has the highest volume of trading during the day. In September of 2017, KuCoin held a public auction with a total supply of 200 million KuCoin tokens. The price of one KuCoin token during the first coin offering was 0.000055 Bitcoin. KuCoin Win, Spotlight, Lockdrop, and BurningDrop are some of the other important applications of this cryptocurrency.

There are three different ways for users to acquire the KuCoin token. One of these ways is called "lucky raffling," and it allows users to purchase low-priced things from a pool and then wait to see whether they win the jackpot. The user's knowledge is put to the test in yet another entertaining game called "Futures brawl." The user is required to read the candlestick chart when they have successfully logged into the future brawl and completed the first login process. Because of the way the price of the BTC contract has been trending, the same has to start a long or short position. After that, a contestant will be paired up against the buyer. If the price of Bitcoin goes up, the person who buys it for the long term will come out on top, but if the price goes down, the winner will be the one who buys it for the short term. You are free to ask your friends to join the team and compete. The cost of each fight will go anywhere from 5U to 20U to 50U depending on the fight.

A platform known as "KuCoin Win" enables users to participate in competitions and compete for prizes using a KuCoin token. It is an ecosystem that combines the token listing and entertainment industries in order to provide its supporters with the opportunity to earn KCS coin. After signing up for KuCoin, cryptocurrency enthusiasts automatically enroll in the platform's affiliate program. They have the ability to invite others to participate in the trading platform as well, at which point they will get a commission equal to 45 percent of the trading fees paid by the invitees. One hundred million coins were purchased between the beginning of the pre-sale on August 15, 2017, and the end of the sale on September 17. Each year, there are a total of twenty-five million coins available for purchase. Users are able to lend crypto to one another and receive interest for doing so.
How Much of a Boost to the KCS Token's Power may be Expected from Metaverse Exploration?
Virtual reality, augmented reality, and internet services are all brought together under the umbrella of the Metaverse, which is a combination of several technological features. KuCoin has started a fund with a total of one hundred million dollars to support Metaverse initiatives. KuCoin has made this possible in order to provide creators, gamers, and artists with opportunities. They put their money into startups including decentralized infrastructure, non-fungible tokens (NFTs), and GameFi. Additionally, a portion of the fund was set aside to encourage widespread use of blockchain technology across the world. Additionally, KuCoin lab offers funding for incubation, investments in primary markets, collaboration, branding, market management, and other related activities.

The company's founders are of the opinion that it will hasten the overall development of the internet business. KuCoin intends to create a safe and private Metaverse ecosystem that is built on Web3.0. It debuted the very first Metaverse token trading board, which can be seen in the Blocktopia tower where a meta office has recently been established. When looking back over the last year, the cryptocurrency exchange KuCoin made a huge milestone by partnering with Blocktopia to create a metaverse virtual workplace. This is a breathtaking reality. The fresh concept of the Metaverse has set the stage for an upward trend in the value of the KuCoin coin. Recently, when Mark Zuckerberg revealed that the Facebook parent company will be changing its name to Meta, the Metaverse token's value on the KuCoin platform skyrocketed, reaching new all-time highs. Traders and investors were looking for a Metaverse token due to the fact that it has the potential to make them money over the long run.

Tweets by kucoincom During the second week of November, KuCoin will also be introducing a new addition consisting of two Metaverse alternative coins. The Boson Protocol, often known as BOSON, and the more natural world (WILD). Recent developments include the launch of a new feature known as a KuCoin fiat account. Users will be able to deposit fiat money using credit or debit cards with this feature. According to the available information, throughout the course of the previous four years, KCS Burn amassed a total of 32,072,798 KCS, which had a value of more than $300 million. Metaverse has emerged as a prominent subject inside the KuCoin community, and investors are becoming increasingly bullish on the prospect of making a lucrative long-term investment using Metaverse tokens.

The current price of a Kucoin token can be purchased for about $19.12, and the 24-hour trading volume is at $26,133,673.40. The total number of KCS that may be distributed into circulation is capped at 80,118,638. The all-time high was reached in March of 2022, when the price reached $28.80. Following the breakthrough of the barrier at $14 during the first few days of November 2021, the bullish trend became more pronounced. There has been a noticeable increase in the price of KuCoin tokens as well as other digital currencies since the beginning of October 2021. This can be attributed to the rapid expansion of the cryptocurrency industry as well as the growing number of people who are using cryptocurrency. Forecasting the Value of KuCoin Tokens

After the KuCoin token price increase in April 2021, the price of KCS coin was moving with significant oscillations and eventually dropped to $4 in May 2021, according to the technical analysis of the daily chart. After then, the value of the KuCoin token continued to steadily climb while simultaneously trading sideways. On July 16, 2021, the KuCoin token made a massive bullish green candle, but it was unable to maintain the bullish momentum it had gained. The token began a general rising trend beginning in September 2021, with the exception of a few temporary dips. Since then, in December of 2021, there was a significant increase in the price that was witnessed. After that, there was a slight fluctuation in prices at the beginning of the year 2022. The price had a minor drop in January 2022, and since then it has been moving in a range that is rather stable.


The price of KuCoin token is supported by the significant growth in the number of new signups and collaborations that have occurred over the course of the past year. The candlestick breaks through the middle line of the Bollinger band during the very first week of October 2021, going over both of the moving averages. Since the beginning of the year 2022, there has been noted fluctuation in prices.

After reaching the greatest price level, the KuCoin token has seen a retreat, which, according to the resistance and support levels of the token, may be read as follows: The immediate barrier of resistance is located at $21.180, and a break over this level is anticipated during the current trading session. The next point of resistance is located at $23.567, and in order for the KuCoin token to achieve the record price level, it will need to clear this barrier. If the current downward trend continues, the price of the KCS coin will find its first point of support around $17.202, which it has already tested twice in the most recent trading sessions and rebounded from both of those tests. In the event that it breaks through the level of immediate support, the next significant support is located around $15.213 and $13.701, with the latter being seen as the more crucial of the two.

The present price of KuCoin cryptocurrency is above all of its 20, 50, and 200 moving averages, therefore a positive KuCoin price prediction for the near term may be derived from the technical chart. Traders who are interested in making an investment for the long term might start buying at a suitable downturn level.

The most recent Metaverse move should lend support to price estimates for KuCoin. Since the beginning of these last two weeks, the trading volume on cryptocurrency exchanges has been on an upward trend. This is as a result of the numerous new accounting positions being made available in the markets. Investors who are professionals are better equipped to deal with the ups and downs of the cryptocurrency market in the context of global signals and inflation. The month-on-month spike in virtually all cryptocurrency exchanges has rocketed to an increase of 5-15 percent. The powerful expansion of the cryptocurrency market indicates that token values will climb, and cryptocurrency will become the fuel of transactions within a decade or less than this period of time. This prediction comes as the market for cryptocurrencies continues to show robust growth. Very soon, people all across the world will be hearing about the hope that cryptocurrencies and blockchain technology will become a widespread phenomena. Let's take a look at some long-term cryptocurrency forecasts for the KuCoin Token, also known as KCS:

Tweets by CoinMarketCap
Tweets by CoinDesk
Tweets by FXStreetNews

As a result of the robust demand for digital assets, investors have a positive outlook on the KuCoin token price forecast. In November 2021, the value of the KuCoin token cryptocurrency was skyrocketing. When compared to other cryptocurrencies, the KuCoin token (KCS) demonstrates a lower level of risk. The current value of one KuCoin token is estimated to rise to a level that is higher than $25.31 at some point in the future. The price of a KuCoin token will reach $27.01 by the end of the month of July 2022, and it will reach a maximum price of $27.67 by the end of the year. The cheapest price will be $23.45, while the average Korean Won to US Dollar exchange rate may go beyond $25.29.

At the beginning of the year, it is anticipated that the price will be $28.62. According to the algorithm that considers the long term, the price of one KCS coin will be $33 over the first few months of trade. According to the interpretation of the long-term chart's technical analysis, the price will reach $34 by the middle of the year, and a decline is not anticipated for the year. According to the price estimates, the KCS/USD pair will reach $30.04 by the end of 2023. According to the analysis, the price of a KuCoin token should average out to be $28.11 during the year.

A significant increase in comparison to the present price level is anticipated by the price forecast for KuCoin token 2024, which begins with a minimum price of $23.62 USD. It is possible that the value of the coin may see a significant increase in the current year. If there are no hiccups along the way, the current speculation for the price of a KCS token is $35.56. The study that goes into determining things like token prices does not take into account the insignificant price fluctuations, and it is impossible to forecast how global markets will behave in the future. Despite this, token movements could change depending on how the market is moving.

The KCS coin price projection for the year 2025 is optimistic. Throughout the entirety of the five-year prognosis, there are no predictions to sell KuCoin tokens. Therefore, adding KCS to your portfolio with the expectation that you would hold onto it for the subsequent five years will be profitable. According to the KuCoin token price forecast, the future of the currency is expected to be optimistic, and the KuCoin Shares will generate a profit. The initial price of a KuCoin token is set at $45.03, which is almost exactly twice as much as the current pricing.

When compared to their current worth, the values of the vast majority of cryptocurrencies are expected to reach all-time highs between the years 2026 and 2030. The anticipation of a greater number of adoptions and partnerships, as well as the development of technology on the part of the organization. According to the KuCoin token price prediction, the value of KuCoin tokens will almost certainly experience a large annual increase. KCS coin price forecast 2030 anticipating a significant turn over KCS price anticipated to exceed $89.94 by the year 2030. When taking into account the long-term profits that are anticipated, purchasing KuCoin tokens at the current price, which is rather low, will result in a lucrative investment.

According to the projections of the price, the Kucoin token will provide a satisfactory return on investment in the not too distant future. Due to the unpredictable nature of the cryptocurrency sector, nobody can guarantee that the token price forecast made above will really be reached. Before making any kind of investment decision, you should do your own research and get competent financial guidance. This is because there are always going to be dangers associated with the market.

Users have the option of purchasing KCS cryptocurrencies via KuCoin, MXC, Poloniex, Probit, and AscendEX (previously Bitmax).

The industry-standard encryption technology is utilized, and KuCoin's architectural design, which includes many clusters and layers, helps to conceal user data and data transfers inside the system from the view of other users.

 

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.