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5 Review
1 Karma

Review on KuCoin Shares by Jan Koertig

Revainrating 5 out of 5

Kucoin aims at providing users digital asset transaction and exchange services…

Kucoin aims at providing users digital asset transaction and exchange services which are even more safe and convenient, integrating premium assets worldwide, and constructing state of the art transaction platform



Pros
  • The fee for each trade is 0.1% of the asset you bought (minus any discount you may get from holding KCS). For every 1000 KCS you own, you get a 1% discount (capped at a 30%). At a value of roughly $5, you would need to be holding around $5000 dollars of KCS for a 1% discount and $50,000 of KCS (10,000 KCS) for a 10% discount. Clearly, substantial discounts on trading fees are not available to the average account holder.
Cons
  • Depositing is free, and withdrawing costs depend on the currency you wish to withdraw. For example, withdrawing NEO and GAS is free, but withdrawing ETH costs 0.01 ETH and withdrawing BTC costs 0.0005 so there will be more risks to the user

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