KuCoin was launched on September 15, 2017, by a group of Blockchain enthusiasts with reputations at GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY.
KuCoin uses data encryption, dynamic authentication, multi-level risk identification control, and other systems to guarantee transaction security. The KuCoin wallet includes multilayer encryption, offline storage in a bank safe, funds escrow, and regular auditing by the bank.
They have a great range of coin pairings and are well known for adding new pairings regularly.
The team at Kucoin are very user-focused having good support channels and even going as far as giving back 90% of trading fees to users in various ways. KuCoin also has a referral system which gives 40% of a user’s transaction fees to the member that referred them to the platform, incentivising growth by rewarding users for bringing people in.
Country of Origin: Hong Kong
Exchange Token: KCS
Fees: 0.1% or 0.05% when using KCS for fees
Volume: medium level – BTC/USDT $1,395,460 or 4.54%
Fiat to Crypto: No
Withdrawal limits: No
Trading pairs: 349
Top Pairs 13/6/2018
1. ETH/BTC $1,573,420 5.12%
2. BTC/USDT $1,395,460 4.54%
3. LALA/BTC $1,280,540 4.17%
4. OPEN/ETH $1,230,210 4.00%
5. DATX/ETH $1,066,200 3.47%
Kucoin Team & Founders
90% of the trading fees are returned users, leaving KuCoin only 10%. As 50% goes to users with KCS in their accounts as their Kucoin Bonus, the remaining 40% is shared via Invitation Bonus.
KuCoin uses data encryption, dynamic authentication, multi-level risk identification control, and other systems to guarantee transaction security.
Amazon Web Services Cloud was used to build the private network framework that stores micro-withdrawal wallets. This allows the wallets to take advantage of that cloud’s multilayer firewall. Wallets also have multilayered encryption at an industry-level. Macro wallets are stored in banks.
All data handling, in general, are secured and encrypted with BANK LEVEL security.
Reward and growth incentive strategies
The team works on large-scale and long-term offline and online promotion and operations. Alongside the fee rewards those who register receive a bonus for inviting new users. The user who sends the invite receives a portion of the trading fees of the invitee. This is a roll on system and passes down which means every additional user that gets invited by someone from that first invitation the original user sent, the first user continuously will get a portion of every trade fee paid by everyone that he has (directly or indirectly) invited.
Fast/Efficient Order Processing
Million-Level Throughput for the Core Trading Engine: Peak order making value is 2 million+ per second with a peak order-processing value of 1 million+per second. This is far above anything currently required which means no lag or delay.
Speak to the Cryptolab team for more help regarding exchanges or any topic.