Kucoin is an Altcoin Exchange that’s based in Hong Kong that has recently come to be more popular over the following month, with an onboarding userbase over 2 Million users from around the world. Despite having been just released in 2017
Known to be ‘’The People’s Exchange’’, KuCoin seems to offer more support for its users compared to its competitors. We can see this from their support for 11 different Languages; with widely spoken ones like English, Japanese, Korean, Chinese, German & Spanish.
This particular Exchange offers a variety of digital Assets and has since become a worthy competitor to Altcoin-based Exchanges like Binance, Bittrex and Poloniex.
Similar to Binance, KuCoin also features its own in-house token known as KuCoin Shares (KCS), somewhat unique allowing users to not only save on transaction fee’s but also earn dividends from market activity.
As mentioned on their official Website, the team was founded by a group of blockchain enthusiasts boasting years of experience with some its members have worked alongside industry giants like Ant Financial and GF Securities.
KuCoin was founded by Michael Gam, who was once a technical expert at Ant Financial Services Group, formerly known as Alipay, which is an affiliate company of the Alibaba Group, considered to be one of the most valuable Fintech company in the world. Michael Gam has also been a senior partner at KF5.com and MikeCRM, making him a qualified individual with years of experience when it comes to being a FinTech Enthusiasts.
His partner Eric Don who is the COO of KuCoin, has also established himself within the Chinese Tech Space, known for his years of work as a systems architect & Internet research analyst for companies such as YOULIN.COM, KITEME, and REINOT
With over 12 Core members, the founding team behind KuCoin consists of well-experienced individuals, who some are from Chinese leading institutions. According to their website, KuCoin was developed from the year 2013 and has since been managed by a reputable Group whose plan is to decentralized certain parts of the Exchange in the future
Kucoin features a clean web-based layout that makes easy for an amateur investor to begin trading on it, featuring trading Pairs for Bitcoin, KuShares, Ethereum, USD Tether and Bitcoin Cash Markets.
Unlike existing popular Exchanges, when it comes to Charting on KuCoin it seems they’ve taken a more simplistic approach through the integration of TradingView, the world’s leading online Financial Charting Platform.
Besides offering a Web-based layout, developers have worked on a native Mobile Application for iOS/Android, allowing users to depend less on third-party applications while enjoying the convenience of trading with a smartphone.
Since TradingView is used by millions of traders, it will be easy to learn from tutorials on how to use Indicators & chart like a Pro. Just search from the thousands of submitted guides online that will teach how to use TradingView, users will find that the integration on KuCoin will offer greater convenience as opposed to learning how to use a custom Trading Interface usually featured on independent Exchanges.
Overall KuCoin’s has successfully developed a web-based trading platform with a plain Layout that boasts some advanced charting tools, powered by TradingView that Trader certainly will find convenient to use
When it comes to Fees, Kucoin is competitively charging a mere 0.1% on each trade, minus any discount for holding KCS tokens. Kushares can be used to pay trading fee’s and allows traders to earn daily dividends of a whopping 50% of all trading Fee’s charged on it’s platform, letting users earn passive income for a variety of Cryptocurrency pairs offered
The greater the volume & market activity, the more dividends in a form that of that particular Cryptocurrency will be redistributed to all KCS holders, hence allowing those who invest to Kushares to build a portfolio over time, this gives it a greater incentive to hold when compared to the Binance Token. There is also a buy-back program burning 10% of the supply,
When it comes to withdrawal, it seems that most of the active trading pairs have really low withdrawal fees. Even when you compare them to popular Altcoin Exchanges. Believe it or not, some have zero fees, like for NEO & GAS. There are zero fee’s imposed for deposit, but overall Kucoin has incredibly low withdrawal fees, for Altcoins such as Bitcoin, Ethereum & Litecoin which you can check it out here
Overall KuCoin Review
Kucoin aims at providing users with a platform for Digital Asset Transactions and Exchange Services which are substantially safe and convenient. From integrating premium assets worldwide, to constructing a state of the art transaction platform.
Also that the Team seems to quickly list potential Cryptocurrencies pairs, allowing them to attract Traders in need of a Platform. KuCoin offer incentives to Hold & Trade a variety of Altcoin to trade on its Platform
Register yourself on KuCoin and begin Trading without having to verify yourself via KYC & enjoy the variety of Cryptocurrency Trading Pairs offered only on it’s Exchange
KuCoin is a real contender among Crypto Exchanges and has some the highest liquidity among Altcoin pairs
- Unique Staking Token (KCS)
- Advanced Charting Tools
- Dividend Distribution (NEO)
- Low Fees
- Variety of Trading Pairs
- No Fiat Deposit Trading
- Changes to Affiliate Program/Dividend Payout
- Operates in HongKong (after China Regulation Efforts)