Kucoin is a new cryptocurrency exchange that opened on September 15, 2017. Kucoin is based in Hong Kong. The great advantage of the platform is that it shares at least 50% of their commission with people who hold Kucoin shares on the stock market. Payouts take place daily. You can purchase these shares with Bitcoin or with Ethereum on Kucoin.com.
This kucoin review shows another advantage that you do not have to identify yourself. Your e-mail address and password are sufficient to verify your account.
An Example To Clarify The Reimbursement Of The Commission
Suppose the ETH/BTC rate is 0.05.This means that you pay 0.05 Bitcoin for each Ethereum. The average daily trade volume of ETH/BTC is 10,000 BTC, with a commission of 0.1% on both the purchase and the sale. This means that the platform receives 10 BTC and 200 ETH as a commission each day. Person X has 10,000 KCS on his account on Kucoin. In total there are 100,000,000 KCS shares in circulation. Bob receives 50% of the commission every day compared to the total number of shares he owns.
So every day Bob gets (10,000/100,000,000) * 50% * 10 BTC = 0.0005 BTC. This amounts to 0.1875 BTC per year. From the same trade pair ETH/BTC, he gets 0.01 ETH every day which amounts to 3.65 ETH every year. The same principle applies to all other trading pairs that can be traded on the Kucoin stock exchange!
What Are KCS Or Kucoin Shares?
KuCoin Shares (KCS) are the tokens that are part of the stock market. It is a decentralized cryptocurrency and it is an ERC 20 token. However, if you keep them in your Ethereum wallet, you will not receive a daily payment from the commission. The Kucoin’s must be kept on the stock exchange.You can purchase KCS tokens immediately on KuCoin.com. Kucoin shares give access to various bonuses including income from dividends, lower commissions when you trade yourself and other special services.
- Safe wallet
- Quick exchange to exchange crypto Your funds will be transferred to another wallet within 10 minutes, deposits to your Kucoin wallet within 2
- Easy to use and fast interface
- They offer 24/7 customer service via Telegram, WeChat, and other platforms.
- Respond quickly to any questions you have!
- KCS Tokens – earn passive income (dividends) by keeping KCS tokens in your account.