KuCoin is a cryptocurrency exchange based in Hong Kong which also offers their own token KCS (KuCoin Shares).
Find out everything you need to know about this new exchange & the token!
Sign up for the Exchange: http://kucoin.com
What Is KuCoin?
KuCoin is a cryptocurrency exchange launched on September 15, 2017. The platform uses KuCoin Shares (KCS) in a similar way to Binance. You get a discount on trading fees when you use their KuCoin Shares.
Overall, they aim to be a more user-friendly exchange than traditional exchanges available today. The platform shares 90% of trading fees with users, for example. They also offer 24/7 customer service and generous referral rewards.
They has also been known for posting coin pairs before they hit other major cryptocurrency exchanges. The website features a list of coins scheduled to be added to the platform in the near future.
What is KCS – KuCoin Shares?
KuCoin Shares (KCS) are the tokens that belong to the exchange similar to BNB on Binance. It’s a decentralized cryptocurrency issued on the basis of Ethereum (ERC 20 token).
You can buy KCS tokens on their Exchange directly. Kucoin Shares grant variety of bonuses including income from fees, lower trading fees and other special services.
To improve user involvement and exchange vitality, they are going to award incentive bonus, which equals to 50% of the total trading fees charged by the platform, to users who hold KCS in their accounts on the Exchange. Daily Payouts!
The KuCoin wallet includes multilayer encryption, offline storage in a bank safe, funds escrow, and regular auditing by the bank.
Fast Exchange & Withdrawels
They claim that blockchain-based assets will be added to your account within 2 minutes of your transaction, with withdrawals completed in 10 minutes.
24/7 Customer Support
They offer 24/7 customer support through Telegram, WeChat and other platforms.
From my own experience, they are super fast in responding to any questions you have!
KuCoin features alot of crypto currency markets. KuCoin has an extremely powerful backend, which allows them to add any new crypto currencies within a short amount of time.
KCS Tokens – Passive Income
Earn Passive Income (dividends) by holding KCS tokens in your Account.
KuCoin Android & IOS App
They announced to release a mobile app for android and ios soon.
Benefits Of KuCoin
Unique Operation Strategies
KuCoin claims that its incentive policies “can sustain active users’ enthusiasm and make the business even more vigorous”. Their goal is to become one of the top 10 exchanges worldwide, and they believe their incentive and referral bonuses, among other features, will help drive that growth.
KuCoin uses “an advanced multi-layer and multi-cluster architecture”. They offer bank-level disaster-proof deployment with two locations and three centers capable of handling multiple tasks simultaneously.
KuCoin’s system uses industry standard transfer encryption protocols. Overall, they aim to provide bank-grade encryption and security.
KuCoin’s trading engine can handle two million order-making requests per second, and one million order requests per second in general.
Highly responsive Team
They have a super responsive Team that truly listens to the Community and implements features / coins which the community wishes. KuCoin also runs cool promotions & other community activities.
KuCoin Referral Program
They are one of the only Exchanges that offers a nice Referral Program which is NOT a Pyramid Scheme. More about it below.
KuCoin Legit? KuCoin Pyramid Scheme? KuCoin Referral / Affiliate Program
In the recent time I’ve heard several accusations of people calling KuCoin a Pyramid / Ponzi scheme. The initial impact of the image makes one think that it is a pyramid scheme, but if you actually look closely you’ll understand that in actual fact Kucoin themselves don’t really benefit at all, they’re giving 90% of all of their fees to the referee as compensation while they only take 10%. This isn’t a pyramid scheme or some shady MLM, it’s a marketing tool to attract more traders and liquidity to the market. The only people who really benefit are the traders.
Getting straight to the point, it has a picture of a pyramid, but it isn’t a pyramid scheme. I need to highlight that the referral system is completely optional, you don’t need to invite anyone or spam your link. Affiliate / Referral System can be a powerful marketing tool if implemented the right way. In case of KuCoin, it is implemented well and not like any other pyramid / ponzi scheme.
Michael Gan (CEO)
Former technical expert of Ant Financial (Alibaba Group) with a good understanding of financial solutions similar to Alipay. He has successively held the posts of senior partner in several famous Internet companies like MikeCRM and Kf5.com, etc.
Eric Don (COO)
Senior Researcher of the Internet and Systems Architect. He has accumulated over 10 years of experiences in working and starting businesses in the Internet industry and successively held the posts of CTO and senior partner of famous IT companies including Youling, Fengzheng Lianxian and Ruiyun Wulian, etc.
Top Lan (CTO)
Technical expert of the Open Source Community and manager of several popular open source projects in github. He has accomplished the design and deployment of Kucoin financial trading system.
Kent Li (Operation Director)
Expert of operations development and successively held the posts of Operation Director and architect in several Internet companies. He is also the regional Operation Supervisor of the REAP project initiated by Stanford University in Asia.
John Li (President of the Business Operations Group)
President of Jianbang Communication and Project manager of famous domestic group-buying website. He is in charge of over 30 group-buying service centers around China with his main focus on consumer finance.
Jack Zhu (Marketing Director)
Operations Director of the southwestern market of iBOX PAY. He is in charge of a marketing team with over 300 employees.
I think KuCoin is an exchange with alot of potential to be really successfull. Their Team is extremely responsive & listens to the Community, like no other exchanges has ever done. They aim to be one of the top 10 exchanges in the world in the future.
I really like the frontend design, the affiliate system & i like that they’ve implemented tradingview as their Chart. I do also think that the KCS Token is great, because you can earn some passive income with it.
Feel free to Signup and check out KuCoin!
Click here to Signup!
Interesting article about Kucoin reward system. the KCS and Kucoins also the Affili System is very interesting.
Thank you for this review! I’m quite happy so far with KuCoin, they do listen and list pretty cool new coins every week, they are doing modum today and from what I heard change is next! KCS is doing surprisingly well as swell, woke up to a 10% increase so certainly happy about that. They do pay their dividends daily actually 🙂
Hope they make it huge by 2018.
It’s the best exchange I’ve used. The fees are low, the customer service is good. They offer great rewards for holding their Kucoin Shares. They are growing so fast. Aiming to be a top 10 exchange by the end of the year. Seems possible. I cannot recommend enough.