Kucoin is a Hong Kong-based cryptocurrency trading platform that, thanks to the many benefits it offers, it’s starting to attract traders. We must first know that ultimately, Kucoin should be decentralized as Bitshares or Waves for example, which will hold the keys to its chest. Operations are directly written on the blockchain, everything happens very quickly and there is no third party. This is the principle of a DEX, a decentralized exchange. 

For comparison, it’s like holding your Bitcoins on a personal wallet rather than on an online site; only you have access to your BTC. You also minimize potential hack or scam risks.

Currently, Kucoin is a platform that resembles that of Binance (also based in Hong Kong). However, there are not yet large volumes and choices in currencies, the interface is still limited but I think there are enough advantages to make it worthwhile. Basically what we are looking for is an alternative and an opportunity to optimize its gains.

Record keeping at Kucoin

A simple mail and a 2-FA authentication are sufficient. Deposits and withdrawals are fast (partly thanks to a reduced number of confirmations). There are at present certain limitations in terms of withdrawals, but those are expected to be removed very soon. It is quite a secure platform so users have no need to fear.

Kucoin Fee Management

The first benefit is the fees of 0.1{0ed8015fb4120874bcd05416ca6ca4c0b4893b5e3c39464f8f46776ddfd4501d} per transaction. For comparison, the fees at Bittrex are 0.25{0ed8015fb4120874bcd05416ca6ca4c0b4893b5e3c39464f8f46776ddfd4501d}. It might seem a very small think but we must remember that we buy and sell, so we get to 0.5{0ed8015fb4120874bcd05416ca6ca4c0b4893b5e3c39464f8f46776ddfd4501d} in competition instead of 0.2{0ed8015fb4120874bcd05416ca6ca4c0b4893b5e3c39464f8f46776ddfd4501d} at Kucoin on a purchase/sale.

The site also has its own currency; the kucoin shares (KCS) that have just been listed on the CoinMarketCap. Transaction fees may be reduced depending on the number of KCS on your account. In addition, 50{0ed8015fb4120874bcd05416ca6ca4c0b4893b5e3c39464f8f46776ddfd4501d} of the total costs collected by Kucoin Exchange Company through the transactions are redistributed daily to its member holders (always based on your KCS balance). So, this is a very profitable investment option for people who are looking to invest in cryptocurrencies.

These benefits are not just to attract customers, they are actually at the core of how this platform works, that is to say, it is definitive, as time goes on, the amount of dividends that the members receive is the only thing that will change, all the other benefits will remain the same.