As one would expect with the blockchain revolution overtaking the world, the true bliss of owning cryptocurrencies lies in being able to transact easily with them and make exchanges, safely and without attracting high transaction costs.
The answer to this need comes with platforms for exchanging cryptocurrencies and one of such is KuCoin Cryptocurrency Exchange, ranked by Alexa as the 1029th most-searched site in U.S, is doing a great job despite being a relatively new site.
The platform, based in Hong Kong, is the brainchild of a group of blockchain enthusiasts who had been researching on the technology since 2011 but eventually launched the site in 2017 after arriving at the technical architecture of the platform back in 2013.
Hinged on providing reliable, superior services, the team members (led by Michael Gan) behind this platform have proven themselves in Ant Financial, GF Securities among other industry giants.
KuCoin is a flexible cryptocurrency exchange service that aims at availing convenience without compromising on constructing a world-class platform that integrates premium assets around the globe.
How KuCoin Works
Enjoying KuCoin services only requires a registration. On the webpage (www.kucoin.com), click on the ‘sign up’ tab. Input your email address and preferred password. A message with further instructions would be sent to your mail.
As an account holder, KuCoin is a pretty straightforward exchange platform that allows you to make setting adjustments and manage your assets easily.
There is no deposit fee but a comprehensive list of trading fees can be viewed on the fees page https://news.kucoin.com/en/fee/ Only 10% of the fees stand as the platform’s revenue while the rest goes to the trader.
The platform supports BTC, ETH, USDT, KCS and NEO and so traders can exchange any of the listed cryptos for these five (5).
Key Features of KuCoin
The outstanding features of the platform are seen below:
- A secure system using an encryption protocol that also ensures financial safety.
- Efficient customer service that is constantly available through the webpage, hotline and e-mail.
- A referral program that gives the referee an invitation bonus.
- It supports multiple cryptocurrencies, with plans for expansion.
- The platform relies on a powerful R&D team.
- High performing technology that trumps other platforms by at least a hundred times and ensures speed.
- User-friendly interface.
- Highly experienced and professional team.
KuCoin Token (KCS)
KuCoin launched its ERC20-based token, KuCoin Shares (KCS) in a three-phased ICO that began on August 13, 2017 and ended September 1, 2017.
Current Total supply – 200 million
Current Token Price- $4.40
KCS awards bonuses to platform users who hold the token. They also enjoy reduced trading fees if they place orders for online trades. In due time, the benefits of holding this token will be reviewed.
KuCoin is growing in its reach, quality of services and number of cyptos listed on the platform. In fact, in January 2018, it was the first cryptocurrency exchange to list Coinfi (COFI) token. Without a doubt, KuCoin is an exchange platform meant for the people.