I’ve been considering learning how to trade cryptocurrencies but have been thinking of the right exchange to do so. A close look at Kucoin has revived the desire to become a crypto trader mainly because this is one exchange that seems to have done the right things to facilitate easy trading experience.
I ran a review on this exchange for a client and was impressed with what the platform has put on ground to make sure that investors benefit from the exchange. For instance, this is one of the exchanges that share its revenue with users of the platform.
What is Kucoin?
The exchange is a state of the art platform that deals with crypto to crypto trading and swapping. The Kucoin team started researching on the project in 2011. Interestingly, it took them years to launch finally in 2017. This means that the founders of Kucoin came on board after they did the necessary groundwork.
If you take a close look at the project whitepaper, one feature you wouldn’t miss is the simplicity in the explanations given the exchange. It is bereft of hype unlike what is seen with many other exchanges that operate below par services.
Referral Payments and Bonuses
The exchange shares up to 90 percent of trading fees with the users of the platform. This is a strong incentive to make many users adopt the exchange as a trading platform.
The company’s policy of empowering its investors and a world-class stability makes it an exchange of choice.
For example, these are some of the bonuses distributed by the platform in the past 24 hours:
Bonus distributed – 13,000 USDT
Referral payments – 2,000 USDT
High Performance Engine
The platform lives up to its promises through the creation of a high performance engine that efficiently matches orders.
This is an advanced multi- layer and multi-structure architecture which enables the platform to process orders faster than most other exchanges in the industry.
The whitepaper claims that the platform boasts bank level security with a disaster-proof security that enables the company to run two-locations, three-center structure that ensures optimal multi-task processing of orders.
The ability to process 2 million transactions per second makes Kucoin one of the exchanges to take note of in the industry. The technology has an order-making peak value of 2 million per second.
The Kucoin Team
Kucoin has some of the most interesting teams among exchanges. Even though I’m yet to sign up for this exchange mainly due to the fact that I have no trading skills, I’ll definitely practice trading using Kucoin unless more experienced traders advise otherwise.
The CEO, Michael Gan is a technical expert and a veteran of Ant Financial of Alibaba Group. Other team members are Eric Don, the COO, Top Lan the CTO is an open source community expert while Kent Li the operations and maintenance director is an internet expert.
The exchange focuses on trading cryptocurrency pairs. It is among the few that do not trade crypto-fiat pairs. Its native token is Kucoin Shares (KCS).
The exchange features a user-friendly interface that makes it easy for new users to trade on the platform. One would have the impression that this is an exchange that could become a leader in the future based on its whitepaper.
Kucoin has listed many cryptocurrencies and is presently trading pairs such as BTC, ETH, KCS, AERGO, BPT, KCS, GMB, TOMO, ETN, NEO, USDT and others.
Other areas that users may find interesting about Kucoin are its liberal profit distribution policy. The exchange shares a large chunk of its fees with its users. It also gives incentives to traders and users investing in new coins. A liberal referral programs also enables the company to reward those creating awareness for the platform.
Roadmap Showing Promise
The team which operates out of Hong Kong has a vision of becoming one of the top 10 cryptocurrency exchanges worldwide. With the incentives it has put on ground and a somewhat impeccable service, this objective is realizable. If you’re considering using a fiat-crypto exchange, here’s what I use.