The guide below is a result of months of research and development. I’ve tried all the exchanges out there and narrowed it down to my top 3 favorites. Each has it’s own advantages, so please be sure to check them out and sign up!
Kucoin is one of the most popular cryptocurrency exchanges on the web right now. It was founded in 2017 by a team of blockchain enthusiasts who had the vision to make a great exchange for the community.
In this article, you will learn how to trade cryptocurrency on KuCoin Exchange. You will learn about what Kucoin is, how to sign up for an account, how to buy and sell cryptocurrency, security tips and more!
In this guide, we will walk you through the process of buying and selling cryptocurrency on KuCoin Exchange.
To begin, you will need to create an account on the platform.
Kucoin is a cryptocurrency exchange based in Hong Kong. It started in September of 2017. Not long after the launch, Kucoin started to catch the attention of many cryptocurrency investors.
One of the big reasons for this is the fact that Kucoin already has its own coin or token, called Kucoin Shares or KCS for short.
Kucoin shares are similar to Binance Coin or BNB in a sense that you can get transaction fee discounts if you use them to pay your transaction fees on Kucoin. In addition to that, Kucoin also pays out 90% of all trading fees daily to users who hold KCS on their exchange.
So how exactly can you buy and sell Crypto on KuCoin? Read on and I will show you how!
KuCoin is one of the newer cryptocurrency exchanges based out of Hong Kong. It has become extremely popular in the last few months, and for good reason.
The creators of KuCoin are a group of blockchain experts who want to make cryptocurrency trading easy and accessible to everyone. Their goal is to create an exchange that offers the same functionality as other cryptocurrency exchanges while offering lower fees. They also offer to tokenize the platform by providing a share of their profits back to the users.
KuCoin is an exchange that was launched with the idea to help users around the world get access to cryptocurrency without having to go through complicated verification processes, KYC procedures, and long waiting periods for deposits/withdrawals. KuCoin offers its customers a seamless trading experience on a secure platform with an intuitive interface that allows you to buy and sell cryptocurrencies easily. The exchange is also known for its low fees and high security standards.
In the world of cryptocurrency, the time and spread are the two most important terms. The difference between the bid and ask price is known as the spread. The smaller this difference is, the more profitable it will be to trade.
When you purchase a cryptocurrency through an exchange like KuCoin, Coinbase or Binance, you typically have to pay a certain fee for each transaction.
While cryptocurrency exchanges like KuCoin do not charge any deposit fees, withdrawal fees are often charged by these exchanges and several other factors need to be considered, like network fees and wallet fees.
A network fee is charged by the blockchain in order to successfully conduct and verify a transaction on its network. This fee can vary from network to network and also fluctuate based on network congestion.
A withdrawal fee is paid to the exchange for transferring your cryptocurrencies from their wallet to your personal wallet address. Some exchanges charge a flat rate while others charge a percentage of the total amount sent. For instance, KuCoin charges 0.0005 BTC for each withdrawal of BTC-based coins while Binance charges only 0.0004 BTC per withdrawal of BTC-based coins.
KuCoin is a world-class blockchain asset exchange, that has its own coin / share called KuCoin Share. If you hold this coin, you will receive a daily bonus based on the total exchange fee. The bonus you earn will be in the currency you are holding at the time, so if it’s NEO then you’ll get GAS, if it’s Ethereum then you’ll get Ether and so on. KuCoin also offers its own wallet so you can store your cryptocurrency there.
KuCoin Shares pay dividends to holders of the coin by sharing 50% of trading fees with holders through the tokens. This is an easy way for you to make money passively. There are about 200 million KCS in circulation and every day, Kucoin distributes 50% of trading fees across all KCS in circulation. That means that if $1 million worth of trading occurs on the exchange each day (which it currently does), then $5 worth of KCS would be distributed to all token holders ($5 x 1 million / 200 million). These tokens can then be sold immediately against any other cryptocurrency or they can be held for future growth in value as more people learn about and use KuCoin.
Kucoin is one of many cryptocurrency exchanges available for those in search of a modern
KuCoin is a cryptocurrency exchange based in Hong Kong. Just like Binance, they offer a fully functional mobile app for Android and iOS. It is also possible to trade cryptocurrencies from the desktop version of their website.
KuCoin is one of the few exchanges that pays you a percentage of your trading fees back in the form of their own token. This can quickly add up to a lot of free money if you are a regular trader.
If you want to get started with KuCoin, click here to sign up.