|Brief||Founded by a group of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial and GF Securities, Kucoin aims at providing users digital asset transaction.|
|Last updated:||Thursday, September 24, 2020 6:00:07AM UTC|
|Volume 24 hours, USD:||135 941 391|
General KuCoin facts, technical details and general information about KuCoin exchange
Founded by a group of blockchain enthusiasts who had proved themselves in industry giants like Ant Financial and GF Securities, 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.
The founding team of Kucoin Blockchain Asset Exchange Platform has carried out in-depth research on blockchain technology as early as in 2011 and achieved the technical architecture of Kucoin exchange platform in 2013. The Kucoin team has officially entered the blockchain asset trading service platform in 2017 with the most reliable and extended technical architecture, superior service and better operation strategies to better serve blockchain asset transaction.
Known as Kucoin Shares or KCS for short, the token issued by Kucoin Cryptocurrency Exchange Platform maintains a total issuance volume of 200 million. After buy-back disposal, it will be a constant - 100 million. As a decentralized cryptocurrency issued on the basis of Ethereum, also a standard ERC 20 token based on Ethereum blockchain, KCS supports all the Ethereum wallets
KuCoin is a cryptocurrency exchange based in Hong Kong. It operates on a crypto-to-crypto basis, so no fiat currencies are supported. Nonetheless, its digital assets portfolio is pretty extensive and besides, KuCoin offers its own token KCS (KuCoin Shares) and uses it in a similar way to Binance. Like most similar of venues, KuCoin does not offer margin trading and has not disclosed whether there is any minimum investment required.
KuCoin charges trading and withdrawal fees, while crypto deposits are free of charge. While this is the approach of many other exchanges, the fess of KuCoin are really competitive. It charges a flat fee of 0.1% per trade, while the average in the secctor is around 0.20% - 0.25%. Besides, for those who hold KuCoin Shares, there are attractive discounts.
In addition, withdrawal fees applied by KuCoin are also reasonable. For example, Bitcoin withdrawals are charged with a fee of 0.0005 BTC. Here you can find the complete information about withdrawal charges:
Although it was launched in mid-Septemner 2017, KuCoin already offers a substantial number of coins for trade (around 80), and keeps adding new ones. On their website, pairs are grouped into 5 categories: BTC, ETH, NEO, USDT and KCS markets. It was even the first exchange to launch trading in the RedPulse token (RPX). To date (late November, 2017), the most traded pairs on KuCoin are: RPX/BTC,NEO/BTC, ETH/BTC, and KCS/BTC.
KuCoin’s has developed a web-based trading platform with nice design that has some advanced charting with technical indicators, powered by TradingView. Besides, mobile apps for Android and iOS are coming soon, currently available in beta version. Here is a snapshot of KuCoin’s platform: Although KuCoin is a newly-launched exchange, it seems that it doesn’t have issues with liquidity, at least regarding popular cryptocurrencies.
KuCoin offers a bunch of promotions: a referral program, top traders bonus promotion, and discount options for those holding its KCS token. Here is how the latter works:You get up to 30% discount on trading fees when you use their KuCoin Shares.
On KuCoin’s exchange you cannot exchange your dollars for Bitcon, or vice versa. Supporting fiat currencies is an advantage, especially for beginners, who don't have any coins yet. Accordingly, the only payment methods accepted by the exchange, are blockchain transfers. Those who’d rather use their bank accountsor proceed payments with credit cards, may check out some exchanges which offers such options.
Unsurprisingly, KuCoin is not a regulated exchange. As most of you probably know, very few exchanges operate with some sort of licenses, as most countries have not developed relevant legislation regarding such service providers yet.
On KuCoin`s website, one can take a look at a bunch of pictures of the exchange’s team members, but actually there is no information about the company owning the site and the brand.
Unlike some cryptocurrency exchanges, like Kraken, Quoinex and others, KuCoindoes not provide margin trading. So, if you want to gear-up your trading, you may either choose another exchange, or try out trading cryptocurrencies with a forex broker. Most of them offer higher levels than crypto-exchanges.
|KuCoin volume change 24 hours||30.47%|
|Exchange||Volume change, 24h|