KuCoin, founded in 2017, is a global cryptocurrency exchange that offers a variety of trading alternatives to its six million members. There are several types of trading, including spot, margin, futures, and peer-to-peer, as well as lending and staking.
KuCoin asserts that it offers the highest level of security and a portfolio of approximately 400 cryptocurrencies. Despite its breadth of capabilities, it is a user-friendly exchange with a simple, straightforward layout. Additionally, the exchange has some of the lowest costs in the cryptocurrency business.
Kucoin Token: What is KuCoin Token (KCS)?
Numerous popular exchange tokens, including KuCoin’s native coin. KCS, is increasing in value. Since August 21, 2020, the token’s price has increased by over 700 percent, attracting the attention of cryptocurrency and blockchain investors.
The exchange, which has a circulating quantity of 80,118,638 KCS, daily rewards KCS holders. The entire supply of this token was initially 200 million, but the burning method has reduced that number to roughly 170 million at the time of writing.
Understanding the KuCoin Exchange and the KCS Token
KuCoin is known for listing small-cap coins with enormous development potential. Additionally, it provides access to a diverse range of tokens, including some that are less well-known. Additionally, it offers one of the most generous profit-sharing programs available – up to 90% of trading costs are returned to KCS holders.
KCS now has a market capitalization of $919,605,428 and is ranked 96 on CoinMarketCap at the time of writing. 80,118,638 KCS are now in circulation, with a maximum supply of 170,113,638. KuCoin will continue its repurchase and burn strategies until just 100 million coins remain.
What Makes Ku Coin So Special?
Staking coins on KuCoin is an excellent option for users to earn an income passively. While reaping the benefits of membership in the KuCoin community. Additionally, those that hold more than six KCS have the chance to earn a daily bonus.
Utilization of the Ku Coin Exchange
As with any exchange, KuCoin’s internet platform and mobile applications enable users to buy, sell, and securely store a number of cryptocurrencies. While you can create an account with simply an email address or a phone number, completing the verification process entitles you to advanced services, reduced costs, and the opportunity to earn prizes.
The KCS token has a variety of applications and purposes. It is utilized not just to pay trading costs, but also to participate in KuCoin Exchange activities and token sales. Additionally, the token is utilised as a payment method in a wide variety of applications, ranging from gaming to retail to non-financial transactions and even travel. KCS is accepted on a number of platforms, including SwirlPay, PlayGame, Travala, Print-ted, PundiX, and BetProtocol.
Trading Bot for Ku Coin
KuCoin provides the Trading Bot feature, which simplifies the trading process for users.
After registering an account and depositing funds, users can specify trading parameters and then let the bot handle the rest. Its Trading Bot analyzes prices and predicts using market data and analytics in addition to other instruments.
Along with the user’s preferences, the bot then uses this combination of data to make buy and sell orders in response to price changes. And presto! Trading Bot enables cryptocurrency traders to earn money while sleeping by recovering invested funds and generating pure profit.
KuCoin Trading Bot also has long-term trading methods. Rather than investing several thousand dollars all at once, customers can direct the Trading Bot to invest tiny amounts at predetermined intervals throughout time.
As Johnny Lyu, CEO of KuCoin Global, points out, “In contrast to traditional financial markets, crypto trading occurs on a 24-hour, 365-day basis. Human traders are unable of keeping up with the constant changes.
KuCoin acknowledges that their Trading Bot technology will address the issue of sleep deprivation and emotional trading. It is a passive method to bitcoin trading and profit maximizations.
Traders will have more time to live life and pursue their passions, secure in the knowledge that their crypto trading portfolio is working for them.”
Summary
KuCoin is a well-known cryptocurrency exchange platform that puts sophisticated trading capability in the palm of your hand. KuCoin made the Forbes list of best cryptocurrency exchanges in August 2021.
With a UI that is easy enough for beginners to grasp and robust enough to provide passionate investors with the possibility to earn a consistent income.
Numerous coins are available for purchase, sale, and trade. KuCoin is an excellent place for beginners to begin trading cryptocurrency. Investors seeking other options may also want to read our tutorial on how to use Binance.
