Overview, Complete Working and Buying Tack

The trading world requires brokers to make good trades and earn profit. Similarly, in the crypto universe, a broker is needed to buy and sell cryptocurrencies. Cryptocurrency exchanges work identically as brokers, providing traders with the tools to buy and sell digital assets. KuCoin is one such cryptocurrency exchange, which has developed an unbeatable position in the cryptocurrency world in very little time.

KuCoin Exchange Overview

KuCoin Exchange, one of the well-known competitors of Binance was introduced by Eric Don and Michael Gan in 2017. Founded on the principle of accessibility, the platform possesses a beginner-friendly and innate interface. Described as a hybrid exchange integrating the features of centralized and decentralized exchanges offering highly secured, glassy, and advanced trading and exchange services.

The exchange is also known as The People’s Exchange with a powerful API, offering a wide range of altcoins with great incentives. Another key reason behind the crypto asset exchange launch is offering traders access to underdog digital assets. Low and transparent fees, a large array of crypto assets, a strong reputation, and various bonuses made KuCoin a strong player in the market.

KCS token is KuCoin’s native token with a total supply of 144,232,986 KCS and a circulating supply of 96,732,986 KCS.

How Does KuCoin Exchange Operate?

The working of KuCoin Exchange is just like any other exchange, allowing individuals to buy and sell digital assets. The platform works with a wide range of digital assets and offers different trading formats including margin trading, future training, and peer-to-peer trading. Other than that, the platform also offers a variety of investment options like staking and lending.

The exchange holds millions of customers in around 200 countries, offering a user-friendly interface. In addition, priorities like security, advanced encryption, transparency, and storage systems make the platform stand out from the competition. Custodial and non-custodial cryptocurrency services make crypto storage more secure. Users are allowed to manage their wallets by themselves or store them on the platform.

To make crypto storage effortless, KuCoin partnered with Onchain Custodian, a Singapore-based digital asset company. Also, the platform doesn’t offer any fiat currency trading along with offering a profit-sharing system, distributing 50% of the daily trading fee among users.

A wide range of trading options, deposit and withdrawal options, customer support, and bonus and promotion options made KuCoin a giant in the crypto world.

What is KuCoin Token (KCS)?

KCS token, the utility token of KuCoin benefits in rewarding users and attracting new customer range. Issued as ERC-20 token streaming on the Ethereum network, KCS allows traders to draw value from the exchange. Holding a particular amount of tokens in the account makes holders eligible for different benefits and discounts.

If you have more than 6 tokens in your wallet, you will get a daily dividend. Daily dividends, referral bonuses, and other discounts make the KCS token one of the most popular and unbeatable players in crypto land.

The tokens are the best option to earn passive income.

How to Buy KuCoin Token?

KCS is one of the passive income generators and profitable coins in the Crypto landscape and can be found on some of the top exchanges including BitMax, KuCoin, and ProBit Exchange. Researching and analyzing these exchanges helps in going with the best option in terms of trading fees, customer support, interface, and payment methods availability.

Once chosen, the next step is to create an account over the platform and secure the same through a small verification process. Entering personal details and uploading a valid photo ID is all you need to do to verify the account.

The next thing to do is to add a payment method to deposit funds. Credit/ Debit cards, bank transfers, and online payment platforms are some of the common payment methods. You can select any of these, depending on the need.

Once the money is transferred, you can buy the KCS tokens. The purchased tokens can be stored in the wallet to earn daily dividends or can be used for other benefits and bonuses like trading rebates and referrals. You can store the tokens in KCS-supporting wallets including Ledger, Trust Wallet, MetaMask, Torus, Coinbase, and TokenPocket.

KCS Use Cases

Apart from paying daily dividends and bonuses, KCS is also used for paying trading fees, offering discounts of up to 80%. Participation in token sales as well as LockDrop/BurningDrop on the Pool-X platform makes KCS stand out from the competition. In addition, the utility token can be consumed for making shopping payments, buying gaming equipment, making hotel reservations, and much more.

Conclusion

The blending of centralized and decentralized models took the KuCoin exchange to the next level, making it a giant rivalry with the Binance Exchange. The platform offers more than 700 cryptocurrencies along with a utility token to make trading much more profitable for the users. The token can be purchased from platforms like BitMax, KuCoin, and ProBit Exchange. Making hotel reservations, making shopping payments, and buying gaming tools become easy with KCS tokens.

FAQs

What is KuCoin Token (KCS), and how does it differ from other cryptocurrencies?

KuCoin token is introduced to the crypto world to share its revenues from trading fees with the users. From paying trading fees to accessing exclusive campaigns, the coin generated its strong and unique position in the crypto industry.

How does KuCoin ensure the security of user data and transactions?

Advanced encryption algorithms, focus on user interface and blending of centralized and decentralized models made KuCoin one of the most secure and trustworthy exchanges.

How to buy a KCS token using PayPal?

If you are from the US, then you can buy KCS tokens using the PayPal platform. Also, all customers can use the platform to cash out, sell, or make transactions.