KuCoin is widely regarded as one of the most esteemed and largest cryptocurrency exchanges worldwide. Its native token, KCS, stands out with its limited supply and exchange transaction support. KCS has gained popularity in the cryptocurrency world by offering various advantages to token holders. In this article titled “KuCoin (KCS) 101: An Esteemed and Large Crypto Exchange”, we will provide detailed answers to all the questions that Zatrun.com readers may have.
What is KuCoin?
KuCoin is a platform that describes itself as the “People’s Exchange” and is one of the world’s largest cryptocurrency exchanges. The platform’s native token, KCS Coin, offers users features such as token exchange, dividend payments, and futures trading support. KCS Coin is an ERC-20 token that runs on the Ethereum network. Additionally, it provides decentralized trading solutions, such as futures trading and passive income generation, in addition to cryptocurrency trading and exchange services. It is recognized as the largest altcoin exchange worldwide, with more than 18 million users in 207 different countries.
KCS Coin was launched in 2017 and is the native token of the KuCoin Exchange, which was developed in 2013 and is based in Singapore. The total supply of KCS Token was set at 200 million, and a planned buyback and token burning strategy was established until only 100 million KCS remained. The KuCoin Exchange was founded in Singapore in 2013 by developers Eric Don, Jack Zhu, John Lee, Kent Li, Linda Lin, Michael Gan, and Top Lan.
Unique Features of KCS Project
- KCS Bonus system is one of the best passive income methods, as users who hold more than 6 KCS can receive 50% of their daily transaction fee earnings as passive income.
- KCS holders have the opportunity to upgrade to KuCoin VIP status, which allows them to lock in low structured buyer and seller fees, eliminating the requirement for high volume BTC trading.
- KCS Token can be used as a payment method in traditional finance sectors, such as making payments for shopping and hotel reservations.
- KuCoin ranks high on the list of crypto exchanges with the highest daily trading volume.
- The total supply of KCS Token, set at 200 million, is being reduced to 100 million through a buyback and burn strategy.
- KCS Token is still growing in areas where it is supported as the key Token of the KuCoin ecosystem.
How to Buy KCS Coin?
KCS Coin is currently traded on major exchanges such as KuCoin, HitBTC, and Probit Global. You can choose any exchange that lists KCS Coin to buy it. Follow the steps below to easily purchase KCS Coin:
First, access the website or mobile application of an exchange that lists KCS Coin. Then, complete the account opening process. Follow the identity verification and approval process to complete your deposit. Finally, create a purchase order for the desired balance amount of KCS Coin and store it securely in your account.
When buying KCS Coin, it is important to pay attention to several points regarding security and user experience. When choosing an exchange, it can be helpful to choose reliable and reputable exchanges and evaluate factors such as ease of use, trading volume, and transaction fees.