Exchange KuCoin and KuCoin shares

[Aresion]

I like Kucoin. They are doing great at this moment.
I trade few times there and it was fast so far.

[voteformeg]

is there a minimum set to hold on your account before recieving fees for holding KCS , because i buyed some very expenive one's , almost 10 $ , but did not recieve any amount for 3 days now?

[Clow]

is there a minimum set to hold on your account before recieving fees for holding KCS , because i buyed some very expenive one's , almost 10 $ , but did not recieve any amount for 3 days now?

Same here (five days in fact). Sounds like they are working on it :

https://i.redd.it/5qkat2p3mya01.png

[vudeptraihpv]

The exchange was born in mid-September and promises and wants to become among the top 10 exchanges in the world, as well as its "twin" Binance.

Among its features:

Reliability: KuCoin uses data encryption, dynamic authentication, multi-level risk identification control, and other systems to guarantee transaction security.

Fast: KuCoin claims that blockchain-based assets will be added to your account within 2 minutes of your transaction, with withdrawals completed in 10 minutes.

Safe Wallet: The KuCoin wallet includes multilayer encryption, offline storage in a bank safe, funds escrow, and regular auditing by the bank.

24/7 Customer Service: KuCoin offers 24/7 customer service through WeChat and other platforms. They claim that customer service issues are addressed within 10 minutes.

Discounted Trading: KuCoin is offering discounted trading until October 27 to encourage users to sign up for the platform. You can get an 80% fee discount (0.02% fee per trade) until October 27.

Profit Sharing Among Token Holders: KuCoin shares 90% of trading fees with users.

Referral System: KuCoin has a referral system where it gives 40% of a user’s transaction fees to the member that referred them to the platform.

Proof of Stake Bonus: KuCoin shares 50% to users who hold KCS on KuCoin’s exchange. You also earn GAS for holding NEO on the exchange.

Multiple Currencies: KuCoin currently offers all of the following cryptocurrencies: ETH, LTC, NEO/GAS, OMG, QTUM, PAY, CVC, EOS, SNT, KNC, BTM, BHC. By December 2017, the company plans to offer over 50 mainstream cryptocurrency pairs. By December 2018, they aim to expand that to 1,000+ cryptocurrencies.

Quarterly Buybacks: KuCoin will buy back KCS each quarter. It will buy back tokens using the 10% of profits collected from transaction fees. Buybacks will continue until 100 million KCS have been destroyed.

Mobile App: KuCoin plans to release an iOS an Android app in November.


What interests us speculators is its currency, much like Binancecoin: KuCoin (KCS) has a total bid of 200 million, but the company plans to repay half of them, 100 million, through a burning policy, as it is exchanging Binance.
Moreover, KUCOIN exchange will be the first exchange to list RedPulse (RPX), which will attract a large number of investors.
I therefore believe that many investors will be drawn to the new policies and facilitations of it, so its domestic currency, KUCOIN, is likely to follow the same exponential trend of BNB when it went from about $ 0.10 to $ 0.20 to $ 2-3 in about a week.


In my opinion, it can be a great and lucrative investment, at least in the short term; then you will see how it will develop and evolve the exchange!

Keep up the great work kucoin. Love your exchange great platform. One thing though I would love to see safex on your EXCHANGE. Safex has so much potential and I feel you would benefit from such a great community and coin

[ervinmadureri]

Kucoin is claiming that ETH deposits and withdraws are slow because of the ETH network being busy, but that is not true. On Kucoin, my deposit shows as pending, but on etherchain, it shows it was successfully deposited, and then moved to another wallet (without my permission). They are either not secure and hackers are getting access, or Kucoin is accessing and diverting members funds without permission, which goes against the whole point of decentralized currency, plus they are lying about it, blaming it on the Ethereum network. This problem is happening with ERC 20 tokens as well. They have been eventually transferring some people the crypto they are waiting on, but the transactions do not match up on the blockchain! Not sure why they are doing this or if they are trying to temporarily profit from funds, or cover up for something, but this seems to resemble a ponzi scheme, or at least is somewhat scammy.

[collins3]

Kucoin is claiming that ETH deposits and withdraws are slow because of the ETH network being busy, but that is not true. On Kucoin, my deposit shows as pending, but on etherchain, it shows it was successfully deposited, and then moved to another wallet (without my permission). They are either not secure and hackers are getting access, or Kucoin is accessing and diverting members funds without permission, which goes against the whole point of decentralized currency, plus they are lying about it, blaming it on the Ethereum network. This problem is happening with ERC 20 tokens as well. They have been eventually transferring some people the crypto they are waiting on, but the transactions do not match up on the blockchain! Not sure why they are doing this or if they are trying to temporarily profit from funds, or cover up for something, but this seems to resemble a ponzi scheme, or at least is somewhat scammy.

Kucoin, it is quite unprofessional and discourteous that your support team doesn't acknowledge the receipt of emails. An auto-response with a ticket number would at least make users aware that their correspondence(s) have not vaporized. While I understand that your support team may get many requests daily, it should be expected as your business is a platform which faces many users globally. However, customers make businesses, no customer, no business. Your market analysis should have shown that one of the common problems with crypto-exchanges is horrible support, and one would think, Kucoin, being one of the new exchanges would have better support, which would give a competitive advantage. I guess we're all wrong, "same crap, different exchange." They say all press is good press, but I disagree. When enough users are fed up with the poor support, they would go to the competition. (word of mouth spreads like wildfire) I sent multiple emails to your support concerning a deposit issue and the lack of responsiveness says to me as a first time user of your platform, "take your business elsewhere." Hopefully, your team responds and I receive my deposit. Cheers

[1369]

is there a minimum set to hold on your account before recieving fees for holding KCS , because i buyed some very expenive one's , almost 10 $ , but did not recieve any amount for 3 days now?

Same here (five days in fact). Sounds like they are working on it :

Looks like they are backed up on payments, I received payouts for Jan 16, today, the 19th whereas yesterday I'd been paid up until Jan 15. I'm assuming they'll eventually catch up.

[nikolaf7]

is there a minimum set to hold on your account before recieving fees for holding KCS , because i buyed some very expenive one's , almost 10 $ , but did not recieve any amount for 3 days now?

I to have some coins but i thought you dont receive amounts often?
Also about the price, isnt it little higher than it should be compared to bnb?

[draxust]

Hi people, I wish somebody from Kucoin support can see this message, I send some ETH to my Kucoin wallet 9 days ago, if I look at my Eth Kucoin wallet in Eth blockchain, I can see that my Eth is there, the TX has more than 30000 confirmations but Kucoin do not credit it to my balances, I do not know what to do, I have send several emails to support, I have chated with support more than 6 times but nobody give me a solution to my problem. I think my money is lost because Kucoin has the worst support that I ever seen.

[hanskan]

is there a minimum set to hold on your account before recieving fees for holding KCS , because i buyed some very expenive one's , almost 10 $ , but did not recieve any amount for 3 days now?

Same here (five days in fact). Sounds like they are working on it :

Looks like they are backed up on payments, I received payouts for Jan 16, today, the 19th whereas yesterday I'd been paid up until Jan 15. I'm assuming they'll eventually catch up.

yes, it happened before didn't get any payouts on 11-15 January, got them all on 16th. They have gone from 200k to 2M members in a month so i guess the servers are tiny bit overloaded

[hanskan]

I think it is right that they cancelled the referral program. It made them look super spammy and ponzi like.
Their coins are the real deal though. Very nice idea, and people have even better feeling when they receive coins rather than just pay less fees (like the Binance coin). I think the whole exchange is nicely innovative.

The only thing I wish all referals and KCS shares alike would do... change payouts into 1 currency... because now with all the dust youre acquiring its unusable until a long long time... quite annoying... would be far better if lets say KCS would give you 2 options, to either pay you all in BTC or all in KCS...

Nah, i think it's rather brilliant. The coins you receive now and leave there might and probably will be 100X in a years time.

[draxust]

is there a minimum set to hold on your account before recieving fees for holding KCS , because i buyed some very expenive one's , almost 10 $ , but did not recieve any amount for 3 days now?

Same here (five days in fact). Sounds like they are working on it :

https://i.redd.it/5qkat2p3mya01.png

Looks like they are backed up on payments, I received payouts for Jan 16, today, the 19th whereas yesterday I'd been paid up until Jan 15. I'm assuming they'll eventually catch up.

But what about ETH deposits?, I am waiting for 9 days bot I do not have any answer from support.

[ronbilo]

New to KuCoin, made a couple trades, seems to be simple and efficient. I have never seen an exchange run various promotions as KuCoin has, I kinda like it. I wish you folks the best and hope solving the upcoming problems if any goes smoothly. 

[Thijs072]

Very interesting revenue model as well profitable for their investor, i see projects like these which are similar to others like COSS are worth and easy to success as long there are volumes which keep their profits rolling, generally investment should of course be injected for a better platform for trading as well systematic updates, development, partnerships and blockchain operations.

Why do people keep saying it is profitable? Right now 1 share of kcs will pay $0.0015 a day. 1 kcs costs $10.34 so it takes 6893.33 days or 18.89 years to get roi (at $150 million per day volume), and that is only because the cost went down. People were saying it was profitable even when the roi got to 48 years. Even now it is a bad deal. The kcs are only as much as they are because people are stupid and can't do basic math but once they learn how it will crash.

An have you calculated yet what the ROI on holding any other coin over a period of 18.89 years would be? Exactly 0%. What I like about KucoinShares is that you get paid dividends. You don't get that for holding other coins. It's just an extra. You say the current price is currently higher than the future cash flows discounted. So what? It would be really strange is the price were lower than the future cash flows discounted, no? I actualy calculated the present value of the future cash flows. Assuming that the trading volume remains the same as it is today (which will not happen of course, it will increase) and assuming a cost of capital of 10% (necessairy for calculating the present value, especially for a perpetuity), I find a value of 6$. And that's only the dividends you get paid. I expect trading volume to grow by a factor of about 5-10 over the next 2 years. The price will do the same, at least.

[arisatox]

Very interesting revenue model as well profitable for their investor, i see projects like these which are similar to others like COSS are worth and easy to success as long there are volumes which keep their profits rolling, generally investment should of course be injected for a better platform for trading as well systematic updates, development, partnerships and blockchain operations.

Why do people keep saying it is profitable? Right now 1 share of kcs will pay $0.0015 a day. 1 kcs costs $10.34 so it takes 6893.33 days or 18.89 years to get roi (at $150 million per day volume), and that is only because the cost went down. People were saying it was profitable even when the roi got to 48 years. Even now it is a bad deal. The kcs are only as much as they are because people are stupid and can't do basic math but once they learn how it will crash.

An have you calculated yet what the ROI on holding any other coin over a period of 18.89 years would be? Exactly 0%. What I like about KucoinShares is that you get paid dividends. You don't get that for holding other coins. It's just an extra. You say the current price is currently higher than the future cash flows discounted. So what? It would be really strange is the price were lower than the future cash flows discounted, no? I actualy calculated the present value of the future cash flows. Assuming that the trading volume remains the same as it is today (which will not happen of course, it will increase) and assuming a cost of capital of 10% (necessairy for calculating the present value, especially for a perpetuity), I find a value of 6$. And that's only the dividends you get paid. I expect trading volume to grow by a factor of about 5-10 over the next 2 years. The price will do the same, at least.

You can make a lot more than 5% per year with many other methods without having to rely on an exchange being around almost 20 years. Most normal businesses don't even last that long, and look how few exchanges have even lasted 4 years. I am not saying don't invest because you will do what you want, but don't try to act like it is a great deal when it is a horrible value.

[foggywhite007]

I rather like exchange. Nice interface exchange works. Double confirmation 2fa increases security which increases confidence in the exchange. And if the coins of the exchange to buy get a percentage.
I think a good Outlook for the exchange to be in the top 20

[Bartercoin]

We would love to join with Bartercoin on the next Vote To List round. At this moment round 3 is still active until Jan 23nd. Is it already known when you can sign up for round 4 and when it will take place?

[beeelzebub]

It has very big promise i think. After market crash and volüme down, the price dropped some and now it is giving some buy opportunities. I filled my bag and waiting for some big profits in a short time.

[kriptotr]

I liked the general concept of KU exchange. I hold some kucoin and they give me different coins every day. But the rate is really low. I calculated it and it's like %8-9 annually. I believe the future of the project.

[arisatox]

I liked the general concept of KU exchange. I hold some kucoin and they give me different coins every day. But the rate is really low. I calculated it and it's like %8-9 annually. I believe the future of the project.

Try 5.26% annual because it is $10.40 and you get $0.0015 each day so it is 6933 days or 18.995 years. Do you not know how to do basic math? It must go down to at least $3 for it to be worth it and then it is still a lot more risky than most investments would be.