Kucoin is one of the largest cryptocurrency exchanges in the world, and has its headquarters in Hong Kong. The Kucoin platform uses Kucoin shares (KCS) in a similar way to other crypto exchanges such as Binance.
KuCoin Cryptocurrency Exchange Review
In my view, Kucoin is the best cryptocurrency exchange in 2018. Don’t believe it, well here is why I rank it highly.
For starters, the platform offers a 24/7 customer service. This is one area that many crypto exchanges are very poor at. You definitely will agree with this observation if you have tried many of the exchanges in the market right now.
On top of that, Kucoin, offers generous referral rewards, meaning that you get to earn as you bring in your friends to the platform. Interesting idea, right?
Even more interesting is the fact that Kucoin shares 90% of its trading fees with Kucoin users. That’s something you will never get anywhere else in the crypto markets.
What are the key features of Kucoin?
- Reliability: To guarantee transaction security, Kucoin uses dynamic authentication, data encryption and multi-level risk identification control. This eliminates any chances of you losing coins while transacting on the platform.
- Speed: Withdrawals are completed within 10 minutes. Also, blockchain-based assets are added to an account within 2 minutes of the transaction.
- Referral system: The referral system gives 40% of a user’s transaction fee to the member who referred you to the platform.
- Profit sharing: The platform shares 90% of trading fees with token holders
- Numerous currencies: Kucoin is currently offering the following; LTC, OMG, PAY, EOS, SNT, ETH and many other cryptocurrencies.
- 24/7 customer service: The platform offers you great services all round the clock, through WeChat.
- Kucoin has an investable token: On top of allowing you to invest in cryptos with ease, and share profits with you, Kucoin also has a token which you can speculate in just like any other crypto in the market. This gives you an extra revenue stream in your crypto ventures.
How the Kucoin token (KCS) works
The KCS tokens have a total supply of 200 million. They are also built on the ERC20 platform which means that one can store them in any Ethereum wallet.
Also note that the tokens are distributed in 3 different phases. The founder’s permanent holdings partake 35% of the tokens. This accounts for 70 million. 50% (100 million) is available on an open exchange for all users. The remaining 15% (30 million) goes to industry stars and angel investors.
What are the benefits of Kucoin?
There are a number of benefits that you can get from Kucoin. Let’s go through some of them.
- Kucoin offers financing stability: The platform offers bank level disaster proof deployment. It has two locations and three centers capable of handling multiple tasks simultaneously.
- Security: Bank-grade encryption is the objective of Kucoin. The mechanism applied here is usage of standard transfer encryption protocols.
- Great operation strategies: The platform’s operations are unique in the sense that they offer incentives and referral bonuses to users.
- High performance Engine: The platform’s trading engine is capable of handling 2 million order-making requests per second.
In addition, Kucoin confirms crypto deposits very fast. This is enables one to get into business immediately. Kucoin ensures that digital assets are credited to an account few seconds after a transaction is confirmed.
This is the best crypto exchange in 2018. It not only enables you to trade cryptos with ease, but also pays you for being part of them. What more would you ask from a crypto exchange?