What is KuCoin?
KuCoin is a financial exchange with products of cryptocurrencies, ranked in the top 5 exchanges with the highest cryptocurrency trading volume in the world in 2022. In addition to basic trading options, the platform also offers margin trading, futures trading, and P2P trading.
Users can also trade or lend their cryptocurrencies to earn rewards. Compared to some of its competitors, KuCoin offers low transaction fees, which makes it become an attractive option.
Who is the founder of KuCoin exchange?
- Michael Gan (CEO): Former technical expert at Ant Financial (under Alibaba group) with extensive knowledge of financial solutions similar to Alipay. He has held various senior partner positions in famous internet companies such as MikeCRM and Kf5.com, etc.
- Eric Don (COO): Senior researcher in the field of Internet and system architecture. He has more than 10 years of experience working and doing business in the internet field. In addition, he has held the positions of CTO and Senior Partner of some famous IT companies such as Youling, Fengzheng Lianxian and Ruiyun Wulian, etc.
- Kent Li (CEO): Specializes in business development orientation of core products and holds senior positions such as CEO and architect in various internet companies. He is also the regional executive director of the REAP project initiated by Stanford University in Asia.
- John Li (Sales Team Leader): Chairman of Jianbang Media and also work as the manager responsible for the group’s more than 30 malls in China, focusing mainly on the consumer finance sector.
- Top Lan (CTO): Technical expert of the open source community and also an administrator of several popular open source projects on GitHub. He is in charge of design and implementation of Kucoin financial trading system.
- Jack Zhu (CMO): Regional Marketing Manager of iBOX PAY Southwest. He also leads a marketing team of more than 300 employees.
What is the KuCoin exchange ecosystem?
KuCoin currently supports many types of transactions, including:
KuCoin Spot Trading: Cryptocurrency spot trading.
KuCoin Margin Trading: KuCoin allows trading with up to 10x leverage on the KuCoin (KCS), so it helps to gain knowledge of technical analysis and combine with Fundamental Analysis to generate maximum profit.
KuMEX – Contract/Futures Trading KuCoin: KuMEX is a Derivative product of KuCoin that allows players to easily deposit and trade from an external wallet or just transfer KuCoin money to be able to trade derivatives. This helps users leverage existing trading accounts on KuCoin, eliminating the need for complicated transfers to a wallet and then to a new exchange.
KuCoin Soft Staking: KuCoin’s staking service, just deposit coins (staking program) and receive rewards. Users can freely engage in business transactions and withdraw from the exchange at any time.
KuCoin Lending: KuCoin Lending is a crypto lending product for those who want to earn extra passive income by holding coins.
KuCoin IEO – Spotlight: KuCoin Spotlight is a token sale program on the KuCoin exchange. Participants can buy tokens of the IEO project with KCS from the KuCoin exchange.
KCS – KuCoin Share: KCS or KuCoin Shares is the native token of KuCoin.
KuCoin P2P Fiat Trade: Provides peer-to-peer (P2P) service to convert fiat into cryptocurrency without transaction fees. In addition to fast payments, it offers secure transactions, a semi-professional and reliable staff, and a wide range of global and regional payment methods using over 50 fiat via P2P, credit cards, etc.
KuCoin Trading Bot: KuCoin Trading Bot is a free trading tool that can help users save time and energy while increasing their profits. It is important to set up a 24/7 bot to manage your trading strategy.
What is POOL-X Earn KuCoin: Pool-X is a PoS mining platform that supports Crypto locked transactions sponsored by Kucoin.
What is KCC KuCoin: Kucoin Community Chain (KCC) is a decentralized public blockchain with high performance. KCC’s goal is to solve the low-performance, high-cost problems of today’s public blockchains, thereby providing community users with a faster, more convenient experience at a lower cost.
What is KuCoin Win: KuCoin Win is also part of the KCS ecosystem platform that combines entertainment with tokens and allows participants to access the initial distribution of tokens from blockchain projects.
What are the advantages and disadvantages of KuCoin exchange?
Advantages of KuCoin
- Provide variety of features, even lottery integration.
- Supports multiple languages and currencies.
- It is easier for projects to be listed on the KuCoin exchange, which means there are more tokens for users to trade.
- Liquidity is constantly in the top 10 exchanges with the highest trading volume over 24 hours.
- Supports bot trading with multiple strategies. Exchange information is neatly presented at the bottom of the homepage, making it easy for users to find information.
- The mobile application is available for both iOS and Android operating systems.
- Low Fees – Compared to other major exchanges, KuCoin offers a relatively low 0.1% transaction fee, similar to Binance and cheaper than Huobi. Reasonable withdrawal fees and free deposits.
Disadvantages of KuCoin
- The light/dark interface on the homepage cannot be adjusted.
- Each interface of different products has different light/darkness, which is annoying.
- Too many levels of security codes are used when withdrawing.
What is the history of KuCoin exchange?
- The KuCoin exchange was launched on September 15, 2017, in Hong Kong. Although the exchange started operating in mid-2017, the founding team has been experimenting with blockchain technology since 2011.
- Funds were raised for KuCoin development through ICO from August 13, 2017, to September 1, 2017. During this time, KuCoin has issued its own KuCoin Shares (KCS) token, which is used to fund and create special offers, and discounts on transactions and generate a share of stock market profits. In less than 20 days, the Crowdsale was a success as KuCoin raised nearly $20,000,000 in Bitcoin for 100,000,000 KCS. The ICO price for the KCS token is 0.000055 BTC.
- 2019 was a big upgrade year for the KuCoin platform. In February, the exchange updated its interface on the 2.0 platform, an update that includes more features such as new APIs, expansion orders, etc.
- In June, KuCoin also launched KuMEX, which was later renamed KuCoin Futures. At the end of 2019, KuCoin also introduced margin trading with up to 10x leverage.
- KuCoin continues to expand its ecosystem in 2020, including the launch of the PoolX liquidity trading market as well as the comprehensive KuCloud exchange solution. In February, the exchange also launched a spot trading service. In addition, KuCoin has significantly increased the number of fiat currencies supported to buy crypto through the “buy crypto” option with a bank card. On June 24, 2020, it was announced that their P2P crypto marketplace supports buying and selling through PayPal, as well as some more convenient fiat payment methods.
