Kucoin Exchange: The New Kid

Kucoin is a new Chinese cryptocurrency exchange which launched after an ICO in September 2017, it currently includes 153 trading pairs on their platform, including trading between BTC, ETH, NEO, USDT and their own coin, Kucoin (KCS). Meaning you can in many instances trade direct from ETH to your desired token, or from NEO direct to ETH, etc. According to Medium.com, the "KuCoin’s trading engine can handle one million order requests per second"!

Kucoin is currently a smaller exchange with $177,294,313 USD (10,577 BTC) exchanged so far today, which places it in rank 28, according to Coinmarketcap.com, of all cryptocurrency exchanges by 24 Hour Volume.

Kucoin: Less KYC, More Coin Listings, Accepting Registrants Today:

Know Your Customer:
Kucoin is new and smaller, but being Chinese has less KYC regulation that Coinbase and others are under. We have already seen with Binance that this means they will list coins faster, accept more applicants sooner, and be less stringent with respect to know-your-customer (KYC) data submission.

More Coin Listings:
Kucoin also has many coins that are harder to find but highly desired like my personal favourite TenX PAY token, or perhaps the hotest new crypto Raiblocks! They list many, many great coins, here is a complete list:
https://coinmarketcap.com/exchanges/kucoin/

Kucoin Top 50:

Kucoin 51-100:

Kucoin 101-153:

Accepting New Registrants:
Being smaller, Kucoin is not yet, yet, innudated with new applicants and so you can register now and trade today. Many other exchanges are overwhelmed, including my newest favourite Binance, and Bittrex, both of which, as I understand it, are currently not accepting new registrants.

If you can get into Binance I would, if you can get into Bittrex I would, but as an interesting alternative, you should sign up for Kucoin now, and then later if you want to use it, you will be a member and able to trade immediately.

Additional Benefits of Kucoin:

Fair Fees and Reimbursments for Referrals:
Yes their fees are 0.2% which is competitve, less than Bittrex which is 0.25%, but higher than Binance which 0.15%.

For another thing they have a reward program whereby those trading fees paid by a user are shared between the exchange and the account who recommended Kucoin. Kucoin actually only keeps a fraction of the total fee, and passes the rest on to users. Whats more the system is no more expensive for the user because of these referral bonuses.

So is Kucoin a ponzi or pyramid scheme?
Medium.com answers this quite well by saying:
"...If you look closely, you will understand that, in reality, Kucoin does not profit at all, they pay 90% of their fees levied. Benefit to the holders of Kucoin shares and through their affiliate program. So they only take 10%. Kucoin is not a pyramid scheme. Their operation is just a marketing tool to attract more users and liquidity."

Fees and Limits:
Kucoin trading fees are low. The withdrawal fees are low and perhaps more importantly the withdrawal limits are HUGE.

Kucoin charges a minor 0.002 BTC withdrawal fee, which at today's BTC valuation would be $34.00, high certainly, but lower than my Coinomi wallet, where I recently sent 0.3 BTC and paid $50 USD!

Kucoin lets you withdrawal up to 50 BTC without ANY KYC, and without any manual processing. I for one do not have 50 BTC to trade with so such a limit might as well be "no-limit". And you will notice you can withdraw above 50 BTC, but for your safety such a transaction requires manual processing on their end, and presumably a slightly slower process.

Want more information about Kucoin, watch this short video about their platform and reward structure:

What is Kucoin? How do they reward users?

Conclusion:

Kucoin is a small exchange but with nearly 200 Million in 24 trade volume they will have buyers and sellers for you to pair with any time you want, and it is growing. This exchange has a use case, first it is accepting new applicants which some others are currently not, and it does have a diverse list of quality cryptocurrencies for sale on their exchange.

Their goals for growth are aggressive and with their coin listing and referral program I expect they will reach their goal of becoming the 10th biggest exchange which while lofty is feasible.

Also as they grow, their coin offerings will as well. Likely their KCS token will also appreciate, we didn't even mention their coin. Kucoin has a token (KCS), if you hold that you can circumvent some of their fees (like Binance and BNB).

So if you are not currently signed up, I would say what's stopping you? It won't cost you anything, you will have access to coins you might not otherwise, and if by chance others sign up on your recommendation you will, at no loss to them, benefit from their trading. Seems like a no-brainer. Add to that US citizens using Coinbase, and Gdax are being reported to Uncle Sam for tax compliance reasons, and kicked off Bitfinnex, so where are my American friends supposed to trade? These Chinese exchanges are going to flourish in 2018, so get in now!

I am not saying this is my primary trading platform. I still prefer Bittrex and Binance, but like I said, if they are not accepting new registrants options like Kucoin are great to have in your back pocket.

This post took a while, and as always I appreciate up-votes, comments and followers, but if you want to support me in a meaningful way, that will cost you nothing at all, please consider using my Kucoin referral link: https://www.kucoin.com/#/?r=24KJy

As I said before it will cost you nothing, and you will gain access to the Kucoin exchange today.