KuCoin receives poor marks overall from its users, and it has an average of just 1.7 out of 5 stars across nearly 600 Trustpilot reviews. Despite the negative feedback, some reviewers did have positive things to say about KuCoin’s low fees and wide selection of cryptocurrencies. Several negative reviews report problems with customer support, the withdrawal process, and making deposits. Others accuse KuCoin of market manipulation and say their assets randomly disappeared from their accounts, which is especially concerning.
While experienced traders might appreciate some of this exchange’s features, KuCoin isn’t licensed in the U.S. and has received poor reviews from users. KuCoin is a cryptocurrency exchange that operates in over 200 countries. Justin clarified that when they use the term bot, they mean it robotically replaces the need for humans to enter data and scan charts. Chris said developers built risk management features into the bot’s programming code, and users can set limits to mitigate losses, either by percentages or dollar amounts.
The USA has the highest trading volume in the global markets. NYSE reports the highest percentages of traded stocks and assets in the world. Since KuCoin is one of the largest digital coin trading platforms worldwide, it offers amazing trading volumes, opportunities and Kucoin pairs for US residents. Fundamental analysis studies the company and its operations, while the technical side focuses more on the underlying statistics surrounding a coin or stock.
Justin explained the bot looks at technical analysis more than fundamental analysis. While the bot concentrates on short-term trading, he said they plan to include more fundamental analysis as it grows and adds more long-term investing options. After raising $250,000 through their initial round of funding, the Changs are seeking an additional $500,000 for additional staffing and marketing. Justin believes the company can achieve $17 million in revenue in the first five years of operation through a tiered membership package.
If you encounter problems or have questions about your account, you can reach out to KuCoin via live chat or submit a request for assistance. Its platforms are available for free and once you’re signed up, you can log into your account to buy, sell, and crypto trade bot
bot trade crypto whenever you’d like. Users can access their KuCoin accounts via desktop, Android, and iOS mobile devices. Chris relayed that algorithms now control 89% of all trading activity, with hedge funds and Wall Street brokers employing the majority of that technology.
He said TACBOTZ is competing for the smallest piece of that pie, and he hopes to increase the odds of the average retail investor finding success. This is even lower than the industry average, making Kucoin the cheapest platform for US citizens to do digital transactions, trades and exchanges. If you loved this article and you would like to get additional data regarding crypto trade bot
kindly pay a visit to our own web site. Currently, Kucoin has a 0.1% spot trading cost per transaction. Not licensed in the U.S.: KuCoin is not licensed in the United States, so U.S.-based users should consider other exchanges.
Poor user reviews : While negative reviews are common with crypto trade bot
exchanges, KuCoin’s user reviews are especially poor. Reviewers report problems with withdrawals, customer service, and issues with market manipulation.