KuCoin is one of the most popular cryptocurrency exchanges in the world. It has a market capitalization of over $800 million and is one of the most popular cryptocurrency exchanges in the world. This article will explore some critical facts about KuCoin and its cryptocurrency offerings, such as KuCoin Shares, KuCoin Gold, and KuCoin Treasury. So, what are the best cryptocurrency exchanges for Singaporeans?
Is KuCoin a good cryptocurrency exchange for Singaporeans?
This article will explore some of the critical facts about KuCoin, its cryptocurrency offerings, and why it is an ideal platform for Singaporean cryptocurrency traders.
First things first – What are KuCoin Shares (KCS)?
KuCoin Shares (KCS) are the native tokens of the KuCoin exchange. They can be used on both the platforms of KuCoin and are also listed on several other exchanges such as Bit-Z and Binance. The maximum number of KCS that can ever be issued is 150 million tokens, and they are not pre-mined by any particular team or person. KCS can be purchased using Bitcoin or Ethereum. They are not easily transferable, but as you will learn later in this article, they can be traded on several other exchanges on the cryptocurrency market if they have enough volume. In addition to that, KCS can also be converted into other cryptocurrencies like NEO, GAS, and BTC at a 15:1 ratio if it has sufficient volume on its platform. As a token holder, you get a percentage of rewards from all fees generated, which form part of your daily trading rewards. These fees go to holders according to the percentage they hold of KCS and are also finalized daily.
Kucoin is the largest cryptocurrency exchange out there, and it has been in operation since 2015. The platform is constantly growing because it caters to small-time traders or even beginners. It is easy to use with minimal fees and provides advanced features such as margin trading and trading multiple cryptocurrencies at once, besides providing an intuitive trading interface. While most exchanges offer only limited pairs of coins, KuCoin offers over 600 different cryptocurrencies to choose from, which makes it quite on the list of being a multi-purpose exchanges.
KuCoin also has its native app for Android users and desktop clients for Windows and Mac OS X and also supports iOS as well. You can search for KCS on Binance separately and convert them into bitcoin if you wish to convert them back again into fiat currency like Singapore dollars or US dollars later on, but their exchange volume is enormous, so you’ll have to wait for some time before you get any offers from that area; in my experience, these conversions have cost me 0.001 BTC which was a significant amount for me, so I ended up converting again to ETH, but that’s just my personal experience.