is one of the many exchanges available for those in search of a modern and secure platform to trade between .
It was founded by a group with a passion for the who had already built up strong reputations at industry giants, such as GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY. always aims to provide users with a safe and straightforward method of converting their currencies on a state-of-the-art platform.
Although it is a relatively new addition to the exchange world, team has already proven itself, and the exchange has gone off without a hitch since its launch. To put Kucoin’s youth into perspective, the research and development team was only assembled in May 2017. There was an Angel Investment in August, and V1.0 went live a few days later. Since then, the team has launched the Kucoin Bonus Plan, multiple additional currencies, and mobile apps for both Android and iOS.
While Kucoin itself is relatively young, the founding team has been conducting research related to technology since 2011 and the exchange platform’s technical architecture was achieved back in 2013. This provided the team with several years to iron out the details and deliver seamless service.
Registering to join is as simple as you could expect it to be. Begin by entering your email and chosen password. From there, you will receive a verification email with further instructions.
Once you log into your Kucoin account, you can adjust the various settings, keep track of your assets, or manage your rewards, such as invitation bonuses and bonuses. Traders agree that Kucoin is among the most straightforward exchanges to use, even for those who are new to the world.
It is highly recommended you enable 2 factor authentication to add an extra layer of security to your account.
Markets & Trading View
has a very clean and modern layout throughout the website and this extends to the markets overview screen where you can see the available pairs and are able to choose between , ETH, KCS, & .
Selecting a pair will then take you to the screen where you can view the usual candles, order book and can then buy or sell the selected currencies. When you first enter this screen you will be prompted for your Google Authenticator code before being able to trade, this can be a little annoying but does add an extra layer of security to the site.
Is Kucoin Safe?
Kucoin is indeed safe to use thanks to security efforts on both the system and operational level. On the system level, it helps that Kucoin was constructed using financing-level standards. This includes standard transfer encryption protocol for data transfer layers, meaning that all of the sensitive data and user data are stored on data encryption at a bank level. There is also multifactor dynamic authentication for additional security.
On the operational level, Kucoin has a dedicated internal risk control department, as well as one for operational processes. Each of these departments has its own strict standards for operating and using data involving multilevel review plus approval.
The only caveat concerning safety is that the Kucoin platform is still relatively new and has not yet proven itself to be secure. That being said, the vast experience of its team combined with the numerous security features in place should be enough to inspire confidence in the safety of the system.
KCS Kucoin Token
The Kucoin , KCS or Kucoin Shares, has a total volume at issuance of 200 million. Following the planned buyback disposal, there will be a constant 100 million . A minimum of 10 percent of each quarter’s net profit will be allocated to buying back KCS, and those that KCS bought back will be destroyed immediately. KCS works with all wallets, as it is a decentralized based on .
The Initial Coin Offering occurred in three stages. The first phase accounted for 35 percent, about 70 million , and involved issues for the founders. The second phase was for industry stars, consultants, and angel investors, accounting for 15 percent or 30 million KCS. The final, third phase, was for all users, and this public ICO accounted for the remaining 50 percent or 100 million KCS.
The KCS issued by founders within the first phase undergo a lockup period lasting four years and ending Sept. 2, 2021. Before Sept. 2, 2018, founders cannot sell or assign their KCS holdings. The angel investors and consultants have a two-year lockup period, ending on Sept. 2, 2019. The KCS purchased during the public offering do not have a lockup period, so they went on the exchange on Sept. 2, 2017.
KCS Token Benefits
The comes with a Kucoin bonus, which is awarded to users who hold this . This incentive bonus amounts to half of all fees that the platform charges, with the percentage open to adjustment in the future. To achieve the daily bonus, users must have their KCS deposited within the Platform.
Those with a minimum number of KCS in their Kucoin account can also take advantage of reduced fees at the time that they place orders for online trades. Eventually, KCS will reach certain levels, at which point those users who hold this will get access to customer service Fast-Pass, one-on-one investment consultation, and other exclusive services.
Development Timeline
According to the whitepaper, would have more than 50 mainstream pairs listed as of December 2017. Based on the listed currencies and fees at the time of writing, this goal has been met. By June 2018, the self-releasing feature for pairs should become available, quickly expanding the reach of and allowing the platform to trade with the most in-demand the developers may have overlooked. By December 2018, the team hopes to have more than 1,000 listed and a daily exchange volume that exceeds 100,000 . As a long-term goal, Kucoin hopes to be among the top 10 exchange platforms worldwide by June 2019.
Conclusion
Although is a relatively recent arrival in the world of exchanges, it has been in the works for years, with the founding members having explored and researched various possibilities as early as 2011. At the moment, the options for pairs are somewhat limited, but they cover all of the most common plus the fact that they are quick to list new coins early ( taking an example from ) should allow you to make greater gains by getting in early on these currencies.
With the competitive and withdrawal fees and lack of fees for a deposit, Kucoin seems ready to make its mark as a leader for exchange. Incentives, such as the invitation bonus, should only help expand the platform.
At the time of writing, the daily volume is just 4,622.37 (equivalent to 65,549,835.96 USD), but those who have followed Kucoin since its beginning confirm that this figure keeps growing. With the launch of promised features, such as the ability to add pairs, the daily volume should quickly grow to a dramatic extent, allowing Kucoin to reach its goal for the end of 2018.
Published at Sat, 18 May 2019 00:41:26 +0000
