KuCoin is a new generation cryptocurrency exchange service. The KuCoin exchange is based on the community-driven coin voting.
What is KuCoin?
KuCoin is a cryptocurrency exchange that allows users to trade cryptocurrencies with each other. KuCoin is based in Hong Kong and operates under the laws of the Republic of China (Taiwan). The platform offers over 100 different trading pairs, including Bitcoin, Ethereum, NEO, USDT, and more.
The main goal of KuCoin is to provide its users with an easy way to trade cryptocurrencies at low fees. At the time this article was published (March 2018), KuCoin charges 0% trading fees on all coins except for NEO and ONT which are charged 1%. Users can also use their KCS tokens as payment for trading fees on the exchange.
How does KuCoin work?
KuCoin works by connecting buyers and sellers through a peer-to-peer network using smart contracts. This means that there’s no middleman involved in transactions between buyers and sellers – it’s all done directly between them without any third parties being involved. This makes it faster than traditional exchanges because there aren’t any delays or delays caused by clearinghouses or banks when transferring funds from one person to another. It also reduces transaction costs since there are no intermediaries taking a cut off every transaction like you would see on most other exchanges out there today. In addition to this benefit though, traders have access to lower fees compared with traditional exchanges thanks to their decentralized nature as well as utilizing smart contracts instead of relying on third party services like banks or clearinghouses for transfers between buyers & sellers.
How to use KuCoin?
Here is our step-by-step guide on how to use KuCoin:
Step 1: Signing up
Go to KuCoin using this link and create your account with your email and password, and claim a mystery box worth up to $500!
You will enjoy a 10% discount on trading fees.
Step 2: Deposit crypto
Hover over the wallet icon in the top right corner and click on "Deposit" to deposit your crypto.
Step 3: Spot trading
After successfully depositing your crypto, hover over "Trade" in the top bar and click on "Spot Trading". Then, you can start spot trading.
How to earn more with KuCoin?
You can go to the "Earn" tab and browse through all available methods such as crypto lending, KuCoin earn, spotlight, KCS bonus, KuCoin pool, KuCoin win, and cloud mining.
KuCoin is a great exchange for new traders and investors. It has very low fees, fast deposits/withdrawals, and a wide range of cryptocurrency pairs to trade on. Trading in fiat currencies is also supported by KuCoin using USDT. The only thing that keeps it from being the best exchange in this category is its lack of mobile app support, which can be frustrating at times. For those who are looking for an easy-to-use platform to get started with crypto trading, KuCoin should be your first stop!