In the cryptocurrency bitcoin price market, there is a lot of competition between exchanges. There are so many exchanges that you can get confused sometimes. One of the reasons why people use KuCoin is because it provides an easy-to-use interface. It also has an excellent customer service team that will help you with any issue that you might have.
The KuCoin exchange has been in operation since 2017 and has grown steadily. It is based in Hong Kong, and it supports trading in more than 700 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many others. The number of coins available for trade on this platform is increasing daily thanks to its dynamic development team, which regularly adds new coins.
This token was distributed during an ICO event in 2017, where they raised $20 million worth of funds mainly used for development purposes such as hiring new employees.
What Is Binance Currency, And How Does It Work?
Binance Coin bnb price was at first an ERC-20 symbolic that ran on the Ethereum organization. In any case, this changed after the venture moved to its blockchain called Binance Smart Chain. Binance Smart Chain (BSC) is a blockchain equipped for supporting shrewd agreements that showed some signs of life as a reaction to Ethereum’s soaring charges. Binance Coin is utilized to fuel the blockchain and go about as its total cash.
KuCoin’s crypto trading fees are meager compared to other exchanges. They charge a flat fee of 0.1% on all trades, which is lower than most exchanges that charge between 0.1% and 0.2%.
The KuCoin fee structure is straightforward. There are no deposit fees, but there is a withdrawal fee of 0.1% for any cryptocurrency except for BTC or ETH, which have no withdrawal fee. One thing to note is that if you withdraw your coins to another wallet or address outside of the KuCoin exchange system, you will be charged the standard network fee of 0.0005 BTC/transaction (or ETH/transaction).
KuCoin also offers discounts on trading fees depending on how much KCS you have in your account. The value increases with more KCS holdings until it reaches 50%. If you have over 100 KCS in your account, all trades will have 0% fees!
In addition to low trading fees, KuCoin offers some other benefits as well:
Binance Coin’s whitepaper states that the trade will save 20% of its benefits from repurchasing BNB tokens and consuming them each quarter. The firm has reliably maintained the quarterly consumption and will continue doing so until half of the BNB supply is singed. The consuming system makes the token scant and safeguards its worth.
KuCoin provides users with different promotions such as daily promotions, referral rewards, and contests for traders who hold KCS tokens in their accounts. The platform provides reliable customer service and 24/7 customer support via email or live chat on its website. People use this exchange because they offer incentives to their users by giving them a discount on trading fees when they use their native token called BNB (KuCoin Shares).