Kucoin is a Hong Kong based exchange that began operations on September 15, 2017. Originally launched as Kubi.com in China, the company moved their operations to Hong Kong, after regulators forced all Chinese-based exchanges to shut down. Kucoin has since shifted their attention to serve the international market. The platform uses KuCoin Shares (KCS) in a similar way to Binance. You get a discount on trading fees when you use KuCoin tokens.
90% of trading fees is shared at 50% going to KCS holders and 40% shared with direct and indirect referral users. However, this percentage is subject to changes in the future, according to the Kucoin white paper.
An interesting exchange with 0.1% trading fee compared to Bittrex is 0.25%(or 0.5% for the whole buy and sell of a certain coins.). Also KuCoin aims to be a more user-friendly exchange than traditional exchanges available today.
The KuCoin wallet includes multilayer encryption, offline storage in a bank safe, funds escrow, and regular auditing by the bank.
Uses data encryption, dynamic authentication, multi-level risk identification control.
Claims that blockchain-based assets will be added to your account within 2 minutes of your transaction, with withdrawals completed in 10 minutes.
KuCoin offers 24/7 customer service through WeChat and other platforms. They claim that customer service issues are addressed within 10 minutes.
KuCoin will buy back KCS each quarter. It will buy back tokens using the 10% of profits collected from transaction fees. Buybacks will continue until 100 million KCS have been destroyed.
If you do not have a Kucoin exchange account:
Feel free to use my referral:
