1 Level
5 Review
1 Karma
Review on KuCoin Shares by Leon Hart
What’s interesting about this exchange is that it follows a profit-sharing…
What’s interesting about this exchange is that it follows a profit-sharing system and distributes 50% of their daily overall trading fee revenue to users holding their exchange-based token, KuCoin Shares (KCS). In a similar fashion to Binance, KuCoin offers relatively low tradings fees and incentives for holding (or trading) its native cryptocurrency.
Pros
- Positive reviews of KuCoin are its user-friendly interface, detailed trading graphs, two-factor authentication, KCS holder rewards, low trading/ withdrawal fees, and the ability to earn GAS while holding NEO on the exchange. As well, it offers its exchange to the international community by having it accessible in more than 10 languages.
Cons
- You cannot purchase initial cryptocurrency on the exchange, and some users report lags in the system and slow customer service. There are also some who associate the exchange with the Confido scam, a fake ICO that ran off with investor money. Although most users recognize KuCoin exchange wasn’t associated with the scam, the negative event remains in the minds of users. However, they community seems to respect KuCoin for reimbursing those who invested in Confido.
