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Bitcoin
62 998.32$ -1.23%
|
Dogecoin
0.145516$ -2.04%
|
Litecoin
86.75$ -0.33%
|
Bitcoin Cash
472.86$ -1.65%
|
Ethereum Classic
26.64$ -1.72%
|
Bitcoin
62 998.32$ -1.23%
|
Dogecoin
0.145516$ -2.04%
|
Litecoin
86.75$ -0.33%
|
Bitcoin Cash
472.86$ -1.65%
|
Ethereum Classic
26.64$ -1.72%
|
Bitcoin
62 998.32$ -1.23%
|
Dogecoin
0.145516$ -2.04%
|
Litecoin
86.75$ -0.33%
|
Bitcoin Cash
472.86$ -1.65%
|
Ethereum Classic
26.64$ -1.72%
|
  1. Home
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  3. KuCoin
KuCoin

KuCoin Mining Pool Review

KuCoin link

Popular mining pool Kucoin

Trading cryptocurrency has become a quite popular process, for which many pools and cryptocurrency exchanges are used. Among them, particular attention is deserved by the Kucoin cryptocurrency exchange, which was registered directly in the Seychelles. The platform started its operation in the not-so-distant 2017. This provided an opportunity for many to trade, sell, and buy tokens, cryptocurrencies, and stablecoins on this platform. The feature of the platform is that it has its own token called Kucoin Shares, which allows users to earn income from betting growth and perform various financial operations on the exchange.

General information about Kucoin

The Kucoin exchange has its own official website https://www.kucoin.com/, where registration is available. Among the main services, futures, spot trading, investment, P2P, and others can be highlighted. The daily trading volume on the spot is about $1,069,228,192. Additionally, for convenience, a mobile application has been developed for devices running on Android and iOS operating systems.

Clients have the opportunity to work with fiat. Sub-accounts and two-factor authentication are used for security. The leverage is 100x. The trading fee ranges from 0.005 to 0.1%. Users are offered a total of 1256 trading pairs and 696 cryptocurrencies. For depositing, you can use card purchases or cryptocurrencies. The referral program provides the opportunity to unlock various cash prizes. There is a customer support service on the website, which can be contacted through chat.

Opportunities for passive income on Kucoin

Kucoin exchange users are provided with many opportunities to earn passive income, depending on the type of cryptocurrency they have. Among these options, the following can be highlighted:

  • cryptocurrency lending - cryptocurrency is provided to other traders for margin trading, from which a person will receive interest income;
  • fixed and flexible deposits;
  • Burning Drop - staking of existing cryptocurrencies;
  • participation in special parachain auctions;
  • ETH 2.0 staking;
  • cloud mining and mining pool;
  • Kucoin Sportlight - a platform through which tokens are distributed among investors of brand new projects;
  • holding native tokens with the ability to receive additional bonuses.

Information on the specifics of using each service can be found on the website.

Fees on Kucoin

The trading fee on the Kucoin exchange can vary within a certain range, but the basic indicator is 0.1% on the spot market and 0.02–0.06% on futures. It is possible to reduce fees by holding KCS tokens in your account and by increasing trading volumes. For the P2P market, there is no commission. There is also no percentage charged for deposits.

Depending on the type of cryptocurrency, the withdrawal fee may vary significantly:

  • Ethereum - 0.0005 ETH;
  • Bitcoin - 0.0005 BTC;
  • USDT ERC-20 - 25 USDT;
  • Litecoin - 0.001 LTC.

You can familiarize yourself with the current information on withdrawal fees for cryptocurrencies on the official website.

Main advantages of Kucoin

The Kucoin cryptocurrency exchange has a fairly large number of advantages, among which the following can be highlighted:

  • the presence of a Russian-language interface;
  • no commission for depositing funds;
  • low trading fees, not exceeding 0.1%;
  • ensuring high levels of account security, which is associated with the use of a special trading password and two-factor authentication;
  • user-friendly trading interface and good graphs for analysis;
  • systematic growth in trading, indicating active exchange development;
  • the leaders are public figures who do not hide information about themselves;
  • the presence of its own token, with which you can significantly reduce the commission percentage;
  • the presence of P2P trading and the ability to make purchases with a card.

In addition, the cryptocurrency exchange actively demonstrates its activities on various social networks.

Conclusion

From the users' perspective, there are quite a large number of positive reviews, indicating the safety and reliability of Kucoin. Throughout the first years, the exchange showed active activity, after which its growth began, which led to a significant increase in the number of clients who want to hold the Kucoin cryptocurrency.