What Is KuCoin?

KuCoin is a new cryptocurrency exchange launched on September 15, 2017, based in Hong Kong. The platform shares a minimum of 50% of their trading fees with people that hold KuCoin shares on the exchange. The payouts off these dividends take place on a daily basis. These shares are available to buy with Bitcoin, Ethereum, Neo or USDT at KuCoin.com.

There are now also trading pairs against Kucoin shares! Neo/KCS, Gas/KCS, RPX/KCS and other pairs are now available on Kucoin!

Overall, they aim to be a more user-friendly exchange than traditional exchanges available today. 

An other advantage is that you don’t need to go through the whole verification process. Your e-mail address and a password are enough to create your account!

 

Example to clarify the daily dividend payments:

The ETH / BTC trading rate is 0.05. The daily average trading volume of ETH / BTC is 10.000 BTC, with a trading fee of 0.1% on both the seller and the buyer side. This means the platform accumulates 10 BTC and 200 ETH every day.

User Bob holds 10.000 KCS in his account on the exchange. There is a total supply of 100.000.000 KCS shares in circulation. Bob gets 50% of the trading fees as his share.

Every day Bob would get (10.000 / 100.000.000) * 50% * 10 BTC = 0.0005 BTC. This comes to 0.1875 BTC per year.

From that same trading pair ETH / BTC, he will also get 0.01 ETH every day which is 3.65 ETH every year.

The same principle applies for all other trading pairs that are found on Kucoin exchange!

 

What are KCS – KuCoin Shares?

KuCoin Shares (KCS) are the tokens that belong to the exchange. It’s a decentralized cryptocurrency and it is an ERC -20 token. If you store them in your ethereum wallet, you will not get any of the daily dividend shares. The KuCoin shares have to be left on the exchange in order to receive the dividends. 

You can buy KCS shares directly on their Exchange. Kucoin shares grant a variety of bonuses including daily dividends, lower trading fees and other special services.

 

KuCoin Features

bitcoin startersgidsSafe Wallet

bitcoin startersgidsFast exchange to trade crypto 

bitcoin startersgidsBlockchain-based assets will be added to your account within 2 minutes of your transaction and withdrawals will be completed in 10 minutes.

bitcoin startersgidsFast and user friendly interface

bitcoin startersgidsThey offer 24/7 customer support through Telegram, WeChat and other platforms.

bitcoin startersgidsFast in responding to any questions you have!

bitcoin startersgidsEarn passive income (dividends) by holding KCS tokens in your Account.

bitcoin startersgidsThey announced to release a mobile app for android and ios soon.

 

Conclusion

Kucoin is an exchange with lots of potential to be really successful. Their daily trading volume is only at $ 4 million while top 10 exchanges generate at least 25 times this number. They aim to be one of the top 10 exchanges in the world in the future.

Their team is extremely responsive and listens to the Community, like no other exchanges has ever done. The user interface is friendly and fast, the transactions are executed quickly and the trading fee is just 0.1%.

It’s clear that the KCS Token is going to have a great future, because you can earn some passive income with it by just leaving them in your account.

 

 Sign up and try out the exchange on Kucoin.com!

 

The best way to buy your first bitcoins is with coinbase! On this page you can find a detailed explenation on how to easily open your account with coinbase!