KuCoin is a trader-friendly exchange with low trading costs and many cryptocurrencies. The exchange, founded in September 2017 by Micheal Gan and Eric Don, is now gaining popularity due to its unique features.
Moreover, if you want to trade cryptocurrency stocks is, the costs. Some exchangers have high costs. This can swiftly deplete your profits, particularly if you’re a new trader. To trade more efficiently, you must understand the fees associated with your selected platform. In this essay, we will discuss KuCoin trading and its charges.
Fees:
Fees is the point which look keenly when attaching any crypto exchange. High fees tend to cut off your profit. While on the other hand low fees help in stress free transaction.
KuCoin is famous for its lowest fees and minimal trading cost. On the other hand if we loo the other exchange of similar type they are asking for fees percentage with transaction cost. So KuCoin is the best option for anyone.
Security:
Besides, KuCoin is very concerned about the safety of its users. It has partnered with Singapore-based digital assets On chain Custodian to hold and protect all of its crypto assets. Security measures such as the KYC process and two-factor authentication are also included.
The exchange uses even a few advanced security technologies, such as password trading and the KuCoin Safeguard Program, to further enhance their security. KuCoin has become a popular cryptocurrency due to its ease of use and commitment to security, with almost one in four traders using the crypto trading platform.
Is there a fee for KuCoin?
Despite its reputation as one of the most cost-effective exchanges, KuCoin charges fees. It employs a tier-based compensation structure, with higher tiers receiving lower trading fees when buying and selling coins.
Kucoin fees explanation:
- KuCoin has a 1-12 leveling system, as previously stated. Your trading fees will be decreased as your level rises.
- Every day, your level fluctuates based on your 30-day average trading volume and kcs holdings.
- Every level has specific requirements that must be met by 00:00 AM (UTC+8) to qualify for that level. For the next 24 hours, you can stay at your present level.
- In other words, the more you trade and hold KCS in a day, the cheaper your fees will be.
Fees for trading:
You might think that the cheap costs that KuCoin boasts about are only available to high-level merchants. Fortunately, even at the base rate, KuCoin boasts one of the lowest trading bot costs in the industry, with a transaction charge of only 0.1 percent.
There is a 24-hour withdrawal limit, with different amounts depending on the level.This may appear confusing, but KuCoin’s fee structure is rather dependable and transparent, so customers can quickly understand how much their transaction cost will be. We’ll go over some samples of genuine costs that clients can get depending on their level in this section.
Conclusion:
Many popular exchange tokens, including KuCoin’s native coin, KCS, are rising in value. The token price has increased by over 700 percent since August 21, 2020, attracting the attention of crypto and blockchain investors. The exchange offers daily bonuses to KCS holders with a circulating supply of 80,118,638 KCS. The overall supply of this token was initially 200 million, but the burning plan has reduced the number to roughly 170 million at writing.
