Kucoin : Crypto trading platform

SOUADUGEMAD · January 19, 2018

Kucoin is a crypto trading platform exchange service based in Hong Kong, you can earn money in this platform by trading crypto currency and inviting your friends to trade .

1-Description of the platform :

Kucoin is a cryptocurrency exchange and a trading platform with Service Centers based in China.

Kucoin offers trading pairs such as BTC/BCH, BTC/DASH, BTC/NEO, BTC/ETH, BTC/RDN, BTC/LTC, BTC/CVC, BTC/KCS, BTC/RPX, etc. also using this site you can trade crypto currency on your phone with a mobile app .

For the fee Kucoin will take 0.1% on all your trades, for deposit, the deposits are free, for withdraw this platforms take KCS :
BTC 0.0005
USDT 5
ETH 0.0005
LTC 0.001
NEO Free
GAS Free
KNC 0.5
BTM 5
QTUM 0.1
EOS 1
CVC 3
OMG 0.1
PAY 0.5
SNT 20
BHC 1
HSR 0.01
WTC 0.1
VEN 2
MTH 10
RPX Free
REQ 20
EVX 0.5
MOD 0.5
NEBL 0.1
DGB 0.5
CAG 2
CFD 0.5
RDN 0.5
UKG 2
BCPT 1
PPT 0.1
BCH 0.0005
STX 0.5
NULS 0.5
GVT 0.1

Although it was launched in mid-Septemner 2017, KuCoin already offers a large number of coins for trade (around 80), and keeps adding new ones everyday. 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.

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 .

Key Features

Kucoin strives to separate itself from other similar cryptocurrency exchanges via its outstanding features. Between the powerful interface, the excellent customer service, and the experience of the team, there are many key features worth mentioning:

Powerful API Interface
Top Professional Team: The team behind Kucoin has years of experience in the blockchain and cryptocurrency worlds, working in leadership roles in major companies. The team also has a strong emphasis on research and development, hinting at great things for Kucoin in the future.
Consultant Team with Financial Experts
Financial System Stability: Kucoin has levels of stability typically reserved for financing sectors. The underlying financial system’s design inspired the core exchanging system with its multi-cluster and multilayer architecture. Kucoin also takes precautions like those of banks, including three centers and two locations to be disaster proof.
Financial Safety: Wallets within the Kucoin platform have multiple security levels to fit the storage scale in question. The micro-withdrawal wallets are stored in a private network architecture built using Amazon Web Services Cloud, which allows the wallets to take advantage of that cloud’s multilayer firewall. The documentation for wallets itself has industry-level multilayer encryption. Macro-wallets are typically stored within the bank.
Bank-Level Security for Assets
Fast Processing: Withdrawals under a certain amount are processed in a matter of seconds, and larger withdrawals only take about 10 minutes at the most. Deposits are completed within just two minutes.
Million-Level Throughput for the Core Trading Engine: The memory matching technology is highly efficient and accelerated by hardware. The peak order-making value of this tech is 2 million+/second with a peak order-processing value of 1 million+/second. To put it in perspective, those figures are hundreds to thousands of times of the typical industry standard. The result is no lags or delays during your core order process, even during a market boom.
Operation Strategies: Kucoin’s operation strategies are also worth mentioning, as the operation team works on large-scale and long-term offline and online promotion and operations. Most of the commission from the exchange is rewarded to users who are active and exchange, promote, or invest in Kucoin. With these incentive policies in place, Kucoin hopes to sustain high levels of enthusiasm while improving business. The invitation bonus plan should also bring in new traders and subscribers.
Invitation Bonus: To encourage further growth of Kucoin, those who register receive a bonus for inviting new users. The user who sends the invitation will receive a portion of trading fees accrued by the invitee. This has a pyramid effect, so you can accumulate bonuses for the traders that someone you invited invites. Do not confuse this with a pyramid scheme despite its similar structure. Unlike in a pyramid scheme, Kucoin does not make money off of this. In fact, it loses money from every transaction with each referral a user makes, as the user who sent the referral then gets a portion of the fees.