KuCoin Exchange – The Basics

Kucoin Exchange is one of the many cryptocurrency exchanges available for those in search of a modern and secure platform to trade on.

It was launched in September 2017 by a group who had already built strong reputations at industry giants, such as GF Securities, Ant Financial, Youling, Jianbang Communication and iBOX PAY.

Kucoin has a very clean and modern UI throughout the website and this extends to the markets overview screen where you can see the available trading pairs and can choose to trade alt coins against BTC, ETH, KCS, NEO & USDT. There isn’t a fiat currency option currently, so users have to use the USDT (Tether) which is the digital token (arguably) backed by USD.

Kucoin is among the most straightforward exchanges to use, even for those who are new to the cryptocurrency world and is famous for being an early adopter of new, low-cap coins. This is one of a few reasons to love Kucoin. Another huge incentive is the relatively high withdrawal allowance without KYC verification (you can withdraw up to 2BTC per day without having to send your ID/Passport scans or other sensitive data).

Once you log into your account, you can adjust the various settings, keep track of your assets, or manage your rewards, such as invitation bonuses, KCS bonuses and staking rewards. As a member of the exchange you are also provided with an affiliate link to share with friends and help grow their community. For this you are rewarded on a commission-based system and paid in KCS (their native coin). Currently they offer soft-staking on a number of coins such as Tezos, Tron, PIVX and more. Soft staking means that by just owning and holding these coins, you are paid dividends on a daily basis. The convenience of doing this soft staking is that as soon as you decide to sell (if there’s a sudden jump in the price for instance) you can do this without having to go through depositing, waiting for confirmations and all that jazz.

Staking (holding) KCS (the native token of Kucoin exchange) would also provide you with dividends (daily) from the fees collected by the company on their members trading activities. These are shared across all members in accordance with their staked KCS amounts. In my previous post I discussed the details of the staking benefits.

Here is my complete Beginners Guide Tutorial to get you started :

I highly recommend that you enable 2 factor authentication (2FA) to add an extra layer of security to your account. Any emails and confirmations for deposits or your register email should also be kept for your own record. Customer service is quite responsive on their web-based online chat or via a support ticket.

To sign up with Kucoin Exchange today use this link:

https://www.kucoin.com/#/?r=7H327K

Kucoin social media accounts:  Twitter |  Telegram

And lastly, here is my top choice for safe storage of my top cryptocurrencies, check out the Ledger Nano S, it can store a large selection of coins, it is a definite MUST HAVE.