KuCoin (KCS)
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.
KuCoin Features
Passive Income:
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.
Fees:
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.
Safe Wallet:
The KuCoin wallet includes multilayer encryption, offline storage in a bank safe, funds escrow, and regular auditing by the bank.
Reliability:
Uses data encryption, dynamic authentication, multi-level risk identification control.
Fast:
Claims 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 Service:
KuCoin offers 24/7 customer service through WeChat and other platforms. They claim that customer service issues are addressed within 10 minutes.
Quarterly Buybacks:
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:
https://www.kucoin.com/#/?r=E3alDUQR
https://www.kucoin.com