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!
I have my reservations about kucoin. They are hardly articulate and quick to copy Binance which is evident in the recently concluded Multivac IEO sales which I lost over $200 from kcs dump. However, they have their positive sides which is liquidity, easy UI and cheap when compared to its counterparts
