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Review on KuCoin by Linh Do
KuCoin offers users the unique chance to hold the platform’s own native…
KuCoin offers users the unique chance to hold the platform’s own native cryptocurrency, KuCoin Shares (KCS), which users can hold in order to receive discounts while trading as well as receive dividends from trading fees collected on the platform.
Holders receive a 1% discount on trading fees for every 1,000 KCS they hold, up to a maximum of 30%.
The dividends system is what sets KCS and KuCoin apart from other exchange coins. KuCoin pays out 50% of all fee revenue from the platform each day, which is equally divided between every KCS token held on the platform.
This means a user who holds upwards of 1,000 KCS receives both a discount on all trading on the platform as well as a passive income on a daily basis. KuCoin shares may also be traded with several coins, but KuCoin shares may only be purchased on the KuCoin exchange.
Pros
- Offers an exceptionally wide range of currencies. Is an early adopter of promising new coins. No verification required. Additional features and benefits offered by KCS.
Cons
- Cryptocurrencies only. No fiat currency accepted. KuCoin sometimes experiences difficulties during high-traffic periods. It’s based in Hong Kong, so it may be difficult to find English-language support if needed.
