KuCoin has its own trading currency token, KCS. This will be KuCoin’s original token and will be required when receiving campaigns and bonuses. I would like to explain everything about this KCS token, such as how much value it has and whether it has future potential.
- KuCoin basic information, company information
- What is KCS? Characteristics and strengths of unique tokens
- What will the future hold for KCS? Is there a future?
- How should I buy KCS?
KuCoin basic information, company information
KuCoin is a virtual currency exchange established in Hong Kong in 2017. When you think of China, you can’t get rid of the suspicious impression, but we are currently moving our base to Seychelles, East Africa. Therefore, it can be said to be a very safe exchange. The number of currencies handled is over 600, and the maximum leverage is 100x, so the scale of the operating company is large. Because we are expanding globally, we are a top-class exchange and support languages such as English, Japanese, Spanish, and French. The base currency is BTC (Bitcoin).
|number of virtual currencies
|Maker fee: 0.1%
Taker fee: 0.1%
Deposit and withdrawal fees: Free
|Minimum transaction amount
|Deposit and withdrawal methods
|Bank cards and accounts, cryptocurrency and electronic wallets
have a financial license
KuCoin was fined by the Seychelles Financial Services Authority, FSA, for operating without a license. Since then, KuCoin has firmly obtained the FSA license and is therefore regulated. Therefore, it can be said that it is very safe and reliable. Trader client assets are now fully protected, of course. KuCoin has established an audit department and is focusing on security.
Huge amount of hacking in the past
KuCoin was hacked in 2020, resulting in an incident in which 200 million dollars of funds were illegally leaked. Although we were hacked, we have responded quickly and strengthened our security system, making it extremely safe to use. Two-factor authentication is always required for registered users. Funds are securely managed on the wallet page.
The number of users is large worldwide
The following is a quote from TradersUnion, a review site for major overseas virtual currency exchanges. Users are mainly from the United States and India, but there are also many from Japan and Canada. In addition, there are many users in Mexico and Venezuela in Central and South America.
Source : TradersUnion
What is KCS? Characteristics and strengths of unique tokens
KCS is a decentralized original virtual currency project developed by KuCoin. The official name of the cryptocurrency currency is KuCoin Shares, which is often referred to as KCS. Officially, by owning KCS, you will be able to participate in KuCoin bonuses and campaigns and receive benefits. Features include: KuCoin is a famous exchange that ranks high in the world’s popular exchange rankings. You can also trade on the app and there is also a community.
|Price (as of December 2023)
|Market capitalization (as of December 2023)
|Main exchanges where you can purchase
There are benefits just by owning it.
KuCoin’s own currency
KCS is KuCoin’s own token. KuCoin has extremely low overall transaction fees and handles over 600 types of currencies. It has famous altcoin stocks such as BTC, ETH, USDT, EOS, ADA, DOGE, etc., has over 8 million users, and has successfully expanded its business globally, so it is easy to aim for profits as a mechanism. is.
High security level
KuCoin was previously reported in the news, but a hacking incident occurred. Perhaps reflecting on this, the security settings have become quite strict. The reliability of the exchange will increase through the introduction of APIs, platforms, the establishment of an internal audit department, transaction password settings, Google two-factor authentication, etc., and at the same time, the reputation of KCS will increase.
What will the future hold for KCS? Is there a future?
The future looks bright for KCS. The latest price movement chart data on the web shows a slight downward trend overall, but if you look at the big picture, the price is constant and stable, and there is a possibility that it will rise. Coins are burned at a pace of four times a year, so the distribution to the market, the supply amount, and the details of the number of issues are kept constant and adjusted. Currencies that burn regularly are recommended because they are stable currencies and are easy to invest in, with less risk of sudden price drops.
Source : Coinmarketcap
How should I buy KCS?
In order to purchase KCS, you must first open a KuCoin account. We will introduce it in the article below, so let’s open an account.
Purchase KCS. If you don’t have money, please make a deposit first. KCS can be purchased through spot trading. To operate, select spot trading from the trades on the top screen.
Select the currency and select Buy to complete the purchase.