An introduction to Kucoin

deeboe1126 (46)in #cryptocurrency • 7 years ago

A Cryptocurrency Trader’s Dream Come True

If you are interested in trading cryptocurrency, then you should keep reading.

Exchanges like Poloniex, Bittrex, Bitfinex, Hitbtc, and others trade an enormous amount of volume everyday. 100s of millions of dollars worth of volume.

Then you have exchanges like Etherdelta, Coinexchange, Novaexchange, Bleutrade, and smaller exchanges of the like.

Now that so many exchanges are available at our disposal, it can be sort of difficult to decide which platform to invest your BTC in.

There are those that require your personal information in order for you to withdraw large sums of money. While there are some that do not.

There are exchanges will ridiculous fees and terrible stories of individuals being locked out of their accounts or being hacked.

Keeping Up With The Herd

It can be difficult to dethrone anything or anyone who is performing the best and is the most well known. So there must be an incentive created to get investors to choose x over y. In this case, choosing a smaller exchange that has not yet established itself or been marketed to the public can be non appealing and nerve wrecking to become involved in. One never knows how something is going to perform before it has begun to do so.

Newer Tokens and platforms have begun rewarding holders and users with weekly or daily payouts for being involved with the development of these companies. NEO is one of the first major cryptocurrencies created that pays its holders out a weekly and daily share simply for holding. Those who hold NEO in their NEON desktop wallet or on Kucoin’s exchange will receive GAS payouts everyday.

Platforms such as COSS and BINANCE have similar features. Users who hold their NEO on the exchange are able to receive weekly payouts of GAS to their wallets.

The New Kid On The Block

Kucoin is an up and coming crytpocurrency exchange that is aiming to list only quality coins/tokens. They offer users amazing incentives for being a part of the platform.

Users have the option to stake the platforms coin (Kucoin Shares KCS) or refer other users to receive daily/weekly payouts of many different coins/tokens.

90% of Kucoins trading fees will be disbursed back to users on a daily basis. 50% going to holders of KCS and the other 40% going to users who refer others.

This is one of the first cryptocurrency platforms that I know of that is actually giving back to the users. Many exchanges are operated by people with no names or public presence.

Mastermind Team

CEO Michael Gan is a former fin tech expert for Alibaba.

Constant Updates & Transparency

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Everyday Kucoin’s team is keeping users up to day with what is going on behind the scenes. Seasoned traders understand exactly how to handle bitcoin forks. Bittrex and many other top exchanges have yet to list btg and reward btc holders with their btg yet. Kucoin has listed btg on their exchange and credited users with the balance for when they were holding btc.

Trading Fees

Kucoin offers very low trading fees. On certain tokens that first get listed, they’ll have 0 trading fees for a specific amount of time. An example of this would be VeChain (VEN). This coin is currently trading on Kucoin with 0% fees.

Another way to lower trading fees is by holding KCS. For every 1,000 KCS a user holds, they receive 0.01 % off trading fees throughout the platform. This hold up until one reaches the maximum of 30%. Every 10,000 KCS a user holds, they will receive 10% off trading fees.

Kucoin Vs Binance Market Valuation

Back in August, before all of the China & Jamie Demon fud, people started discovering an up and coming crytpocurrency exchange, called Binance, based out of China. Before all of the fud occurred, Binance SURGED from under .20 cents all the way to over 2.50. * THAT IS A 2500% gain!!* 25 time’s your money! It is currency trading around 1.80.

This photo shows the market caps around the same area before Binance had its massive run up.
Binance is trading 177 Million dollars in volume. While Kucoin is trading a measly 3 million. They have been online for less than 90 days.

Binance: total supply 199,013,968. circulating supply 99,014,000.
Kucoin: total supply 181,043,076. circulating supply 91,043,076.

Trading Pairs

Kucoin offers several different trading pairs. BTC, USDT, NEO, ETH.

This is the first exchange to implement a NEO market. This was done partly because NEO’s first ICO, Red Pulse (RPX), began trading on Kucoin before any other exchange. Users are able to buy and sell RPX and NEOGAS directly into NEO rather than BTC or ETH. AMAZING!!