KuCoin is a rapidly growing exchange. Based in Hongkong and using their own token (KuCoin Shares or KCS) to give discount on fees. This token also generates a passive cryptocurrency income.
“Founded by a group of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial and GF Securities, Kucoin aims at providing users digital asset transaction and exchange services which are even more safe and convenient, integrating premium assets worldwide, and constructing state of the art transaction platform.”
KuCoin is a cryptocurrency exchange that started on September 15, 2017. KuCoin is a rapidly growing exchange that focusses to be the more user-friendly exchange. The KuCoin exchange offers alot of advantages for traders. They add new cryptocurrencies in a rapid pace. Also they list new coins that come out of an ICO really fast.
KuCoin offers 24/7 customer support trough livechat and is really quick on handeling issues. Also they have a great referral program that helps them grow and give something back to their customers.
Another great thing: If you hold KuCoin shares you get discount on trading fees. Also, 50% of their income trough trading fee’s they pay out to their KCS token holders. This means you can earn a passive income just by holding KuCoin shares.
KuCoin advertises all of the following features:
KuCoin uses data encryption, dynamic authentication, multi-level risk identification control, and other systems to guarantee transaction security.
KuCoin claims that blockchain-based assets will be added to your account within 2 minutes of your transaction, with withdrawals completed in 10 minutes.
The KuCoin wallet includes multilayer encryption, offline storage in a bank safe, funds escrow, and regular auditing by the bank.
24/7 Customer Service
KuCoin offers 24/7 customer service through WeChat and other platforms. They claim that customer service issues are addressed within 10 minutes.
KuCoin is offering discounted trading until October 27 to encourage users to sign up for the platform. You can get an 80% fee discount (0.02% fee per trade) until October 27.
KuCoin has a referral system where it gives 40% of a user’s transaction fees to the member that referred them to the platform. Payout is daily.
Proof of Stake Bonus
KuCoin shares 50% to users who hold KCS on KuCoin’s exchange. You also earn GAS for holding NEO on Kucoin. Payout is daily.
KuCoin will buy back KCS each quarter. It will buy back tokens using the 10% of profits collected from transaction fees. Buybacks will continue until 100 million KCS have been destroyed.
In november Kucoin launched their IOS and android apps.
KuCoin aims to offer all of the following benefits:
Unique Operation Strategies
KuCoin claims that its incentive policies “can sustain active users’ enthusiasm and make the business even more vigorous”. Their goal is to become one of the top 10 exchanges worldwide, and they believe their incentive and referral bonuses, among other features, will help drive that growth.
KuCoin uses “an advanced multi-layer and multi-cluster architecture”. They offer bank-level disaster-proof deployment with two locations and three centers capable of handling multiple tasks simultaneously.
KuCoin’s trading engine can handle two million order-making requests per second, and one million order requests per second in general.
KuCoin’s system uses industry standard transfer encryption protocols. Overall, they aim to provide bank-grade encryption and security.
0.1% (Will charge from the asset you bought).
Withdrawal fees are different per cryptocurrency. Check out the KuCoin support page to see all fee’s.
Get in touch with KuCoin
- Go to www.kucoin.com
- Fill in your email address and password. There must be uppercase and lowercase letters, numbers at the same time in the password.
- Press ‘Next’
- You will see this screen:
- Confirm your email address by clicking on the link you received in your mailbox. It looks like this:
- Once you clicked this link Kucoin will verify your email address and most of the time you are logged in straight away. If not you can login using your email and password.
- Make sure you secure your account. Check: “How to set up 2FA authentication for Kucoin?”
- Happy trading!