Today, when the Internet has become a part of everyday life, electronic payments have become very popular. This, in turn, contributed to the emergence of various electronic currencies (for example, WebMoney, Kivi, Yandex.Money and others). Such systems, in order to obtain their own profit, assigned rather large commissions for various operations - transferring funds, converting into another currency, withdrawing to cards. Naturally, this is convenient, but not always economical. And 2009 became significant when Satoshi Nakamoto introduced the digital currency Bitcoin to the world. Enough time has passed since then, during which many different cryptocurrencies have appeared. Some of them are successful projects, and some are not quite.

KuCoin Shares is one of the projects in the world of cryptocurrencies that deserves attention from users. We will describe in more detail all the features inherent in KuCoin in the article.

About the KuCoin project

The KuCoin Shares platform is currently receiving a lot of recognition from users and potential contributors. This is due to the many features inherent in the exchange, as well as the ease of use. And although the KuCoin project appeared relatively recently, it may well compete with well-known world-class cryptocurrencies (for example, Binance, LUNA, Komodo and others). The KuCoin platform also has all the tools you need to improve the efficiency of a modern trader.

The main goal of the KuCoin development team is to provide traders with a quality platform for the safe exchange of cryptocurrency through modern technologies.

The official launch of the platform took place in 2017, and during this time a mobile application for smartphones based on iOS, Android was developed.

The KuCoin cryptocurrency token is represented by an abbreviation - KCS. It is open for purchase by all users who are registered in the system. Token holders can count on passive income. It is noteworthy that the value of the currency is gradually increasing due to the increase in the number of active users of the platform.

The blockchain for KCS is built on the Ethereum platform. KCS is a regular ERC-20 token that can be stored on an exchange or ETH wallet. Interestingly, for convenience, the developers took care of translating the site into various languages (for example, German, English, Asian, Portuguese, Russian, and others).

Currently, KuCoin is a high-quality tool that allows you to trade cryptocurrency, it has a convenient and intuitive interface.

KuCoin features

Developers offer several ways to make money on the KuCoin platform:

Referral program with three levels. Users who invite other active users to the project receive their own benefit in the form of 20% + 12% + 8% of the amount of their commission. The percentage depends on the level the user is at.
Trade. Trading on the site is provided through more than 150 traded pairs, so they can be combined in every possible way. By the way, there is a regular replenishment of new altcoins here.
Passive income. It is known that the KuCoin company leaves 50% of the profits in favor of the holders of KuCoin Shares tokens. Bonuses are accrued based on information about the balance of users.
Bonuses as a welcome. On the platform, from time to time, users receive various bonuses and participate in promotions.
To start trading on the exchange, you need to familiarize yourself with the list of available trading pairs on the Markets page. New users are presented with a simplified way to purchase tokens. You only need to use the Buy or Sell buttons located opposite the pair of interest. A number of additional functions are open for experienced traders (for example, market selection, trading terminal, rate charts). It is very convenient that users can fine-tune the chart on their own and thereby simplify the trading process.

What are the fees for KuCoin?

The main advantage of this platform is that when working on the exchange, a low percentage of commission fees are charged. Agree, 0.1% for a simple participant and 0.05% for those who have the KuCoin token in their wallet are mere trifles in comparison with the work of other cryptocurrencies.

In order to attract new traders, various promotions are regularly held on the exchange. For example, 2017 pleased newcomers with a promotion, where a discount was active from September to October, and the percentage of the commission fee was reduced by almost 5 times and amounted to only 0.02% of each transaction made.

Among other things, KuCoin contains a three-tier referral program that allows you to invite third-party users and earn various bonuses from this. As a reward, you can get 8%, 12% and 20% in accordance with the referral level.

How is KuCoin created?

The KuCoin project was first released in 2017. The platform is considered to be Sino-Mongolian. The plans were to register KuCoin in Beijing, but due to the introduction of anti-cryptocurrency laws by the Chinese government, the company was moved to Hong Kong.

Programmer Michael Gan is considered the founder of the KuCoin blockchain. It is he who leads the project to this day. The first sketches of the project appeared back in 2012, as you can see, it took 5 years to develop and implement it. The idea of creating a personal cryptocurrency came to Mike unexpectedly: he tried crypto, realized how important it is in the development of new financial technologies in modern society, and immediately set to work.

In 2015-2016, the main program code for the KuCoin exchange was recorded, and in mid-2017, Michael Gahn managed to find developers who supported his project and became his team at the startup.

In August 2017, the KuCoin ICO was held, since additional investment was needed to make all the conceived ideas a reality. The development of the project was thought out to the smallest detail, numerous tests of KuCoin allowed the cryptocurrency at the ICO to present itself as a completely ready-to-go project. Investors are very interested in the KuCoin Shares blockchain due to the track record of Michael and his development team.

At the end of 2017, the KuCoin token had a fairly large number of investors, since the crypto market was growing and actively developing, and the value of this coin increased significantly. Michael spent a day on finalizing the functionality, and a couple of months after the ICO, the KuCoin exchange was included in the top 20 list. 2017 was a successful year for a large number of cryptocurrency projects, but this did not prevent the KuCoin coin from maintaining high ratings and performance.

In 2018, tools such as a futures contract and many others were in vogue, but Michael decided that it was not worth introducing them into his project yet, since they imply user verification and absolute obedience to international norms for the functioning of financial resources. He saw his project as a platform that is as free of regulators as possible, on the exchange of which it would be possible to trade exclusively in cryptocurrency.

Unfortunately, not everything went so smoothly. Over time, the crypto market began to decline, investors ceased to be interested in cryptocurrencies, and this provoked a sharp drop in the exchange rating, but even during this period, the KuCoin coin felt stable and confident in relation to other cryptocurrencies.

Is KuCoin Infinite?

The KuCoin platform does not seek to rob its users for commission, the project has completely different interests. At the same time, NEO withdrawal can be carried out completely without commission payments. In addition, withdrawals are allowed in almost every popular cryptocurrency. On average, such an operation takes no more than 10 minutes. For the safety of the transaction, you can withdraw money from 50 BTC only using the manual mode.

Strengths of KuCoin

The biggest advantage of the KuCoin Shares platform is that the developers carefully understand the needs of the project participants and listen to their wishes and requests, seeking to improve the exchange and attract new users. By using the feedback function, absolutely everyone can write their preference to the developers, and they will process it as soon as possible and provide a complete answer regarding the question that has arisen.

In addition, the platform has a voting function, where anyone can vote to add a new token. Among the greatest advantages of the KuCoin Shares project are the following:

Functional exchange. The creators actively worked on the project, implementing in it all the tools available in the modern world of cryptocurrencies, while the process was simplified to understand new traders.
Change of interface language. The KuCoin platform interface can be translated into many languages. This was created in order for the token to gain popularity not only in individual countries, but also around the world, attracting a large number of users.
Low commission percentage. Any exchange charges a commission for trading and conducting transactions. This exchange has set low percentages, and provided that the user is the holder of KuCoin coins, this percentage will be almost 5 times lower.
Referral program. The developers are interested in growing interest in the project from new traders; for this purpose, special rewards have been developed for a three-level referral system.
High level technical support. KuCoin Shares has a worthy team of creators and developers, which allows them to provide round-the-clock technical support, instantly answer all questions from exchange participants.
Simple registration. Its very simple, a person goes through the standard registration procedure and automatically becomes a user of all platform functions, without providing any personal data.
Along with the positive aspects, the project also has negative aspects, such as:

The popularity of the project has not yet acquired the proper scale, since the platform has been operating not so long ago and has not yet been able to provide itself with an impressive community.
No fiat currency. Numerous users are outraged that fiat currencies are not available on the exchange. Because of this, many chose not to contact KuCoin Shares and prefer other projects.

KuCoin in TOP currencies

The KuCoin Shares project, despite its youth, is already very promising and interesting. The difficulties for the exchange, which are inherent in all trading floors, are only ahead, but we can confidently say that such an active team will be able to handle them brilliantly. To date, absolutely everyone can register without confirming their identity and without providing any personal data.

The development team encourages participants in every possible way to attract new users to the site, offering them various rewards. The platform is built in line with modern trends and allows users to use extremely convenient trading tools. It is also worth noting that developers divide part of the projects profit among token holders in proportion to the size of the balance.

The project is backed by professional developers with many years of experience in this industry, they will successfully cope with all the difficulties and show excellent prospects for KuCoin Shares in the cryptocurrency market.