Kucoin exchange: the best platform for altcoins?

Updated on Oct. 07, 2022 at 11:59 p.m.

Traders of cryptocurrencies can make the most of the advanced features of KuCoinits low costs and wide range of parts. KuCoin allows you to buy, sell and store a wide range of cryptocurrencies. You can buy the native token from KuCoin (KCS) to reduce fees and earn rewards. Overview of the platform dedicated to altcoins :

The development of Kucoin

Nicknamed by its founders “The People’s Exchange », KuCoin was launched publicly by Michael Gan and Eric Don in September 2017, with their headquarters located in the Seychelles.

L’exchange KuCoin is based on the principle of accessibility. For starters, it has a user-friendly and intuitive interface for beginners.

It also offers some of the lowest transaction fees on the market, suitable for both new and experienced traders. The team’s goal KuCoin was to create a safe and simple platform to trade a wide range of crypto assets.

KuCoin thus became a stock exchange cryptocurrencies prominent that can boast of serve a holder of cryptocurrencies out of four in the world.

KuCoin has the reputation of being an early adopter of new digital coins. Traders looking to experiment with altcoins are likely to find this platform interesting, because KuCoin often adds tokens even before they appear on competing platforms.

KuCoin has therefore become a user-friendly exchange with an excellent design and a robust trading platform. Every step, from depositing to completing a transaction, is quite simple.

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Experienced users looking for more advanced features to analyze price trendslike candlesticks, will also find KuCoin suitable for trading. Users will also benefit from its low fees and wide range of coins.

Kucoin exchange: security and services offered

KuCoin is taking many steps to improve its security. Despite the absence of an operating license in the United States in particular, KuCoin still enjoys good liquidity and of volumes high exchange.

This is likely due to its low fees, multiple ways to earn money, and dynamic trading platform.

The company has partnered with Onchain Custodian for safekeeping of its digital assets. It is a Singapore based company specializing in digital asset custody and backed by Locktonthe world’s largest private insurance provider.

This means that if you decide to host your cryptocurrency at the house of KuCoin, Onchain Custodian will take care of it, which is insurance by a trusted international company. In addition to this, the platform has also implemented various measures to prevent security breaches as well as double authentication.

Crypto stacking with Kucoin Earn
Crypto stacking with Kucoin Earn.

Regarding the other services offered by theexchangethe stacking service KuCoin Earn pays interest on your cryptocurrencies in two ways: you can bet coins through Pool-Xa company backed by KuCoinor you can lend your cryptocurrencies and charge you interest.

KuCoin offers both daycare and non-daycare services. This means you can either store your crypto assets directly on the exchange KuCoin, or easily connect a third-party wallet and trade from there. It is a great option for those who prefer to stay in control of their crypto.

KuCoin also offers less common features, like trading robots, margin tradingthem derivative products or even the NFT. An unusual aspect of the platform is that you will need to move money between different accounts within the platform to access different services.

The native token of the exchange: the KCS

KuCoin has developed its own cryptocurrency decentralized called KuCoin Shares (KCS), based on the blockchain Ethereum (ERC20 tokens). It also works with all wallets Ethereum.

If you acquire its native tokens KuCoin Shares (KCS), you will benefit from a significant reduction in transaction fees and earn more crypto. Since its first quotingthe token has experienced several peaks, still maintaining a very strong progression today (around 1,000%).

With a circulating supply of 98,379,860 KCSa maximum supply at more than 170,000,000 KCS and a token over $9, the capitalization of the token currently stands at $890,000,000. The scholarship rewards holders of KCS with daily bonuses.

The holders of KCS enjoy several benefits such as commission income (redistribution), reduced trading commissions and access to other special services.

In addition, program participants KuCoin for the institutional investors benefit significant reductions in transaction fees.

The platform published a plan of “ burn (which consists of burning tokens to limit the supply), which aims to maintain a constant number of 100 million tokens in the market. According KuCointhe company will use 10% of each quarter’s net profit to buy back and destroy the KCS.

Kucoin’s specialty: trading altcoins

In addition, KuCoin is proud to have one of the longest lists of cryptocurrencies available. In fact, one of the main reasons the exchange was founded was to give traders access to cryptocurrencies less known.

KuCoin hosts a multitude of tokens of cryptocurrencies. It has more than 380 tokens of cryptocurrencies individualas well as 750 currency pairs.

These currencies include classic currencies like the Bitcoin and theEthereumbut also many lesser-known tokens.

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Access to cryptocurrencies most confidential is one of main reasons why the KuCoin is experiencing a surge in popularity among crypto traders.

KuCoin is an innovative platform in the crypto space. It has become a leading exchange in terms of security, reliability, quality of service and features.

As such, KuCoin is suitable for both new and experienced traders who wish to invest in popular but also and above all less known, small cap tokens and assets.

Do you want to learn how to choose a exchange and the basics of investing and trading cryptocurrencies ? Do not hesitate to follow the training complete Crypto Rider to know all the keys to success in your crypto trading:

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Kucoin exchange: the best platform for altcoins?

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