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Buy KuCoin Shares (KCS) India – BuyBitcoin

Written by bccblog

What are KuCoin Shares (KCS)?

Kucoin Shares (KCS) is a cryptocurrency token specifically for use on the Kucoin exchange.

Owning KCS does two things:

  • Gets you a discount on trading fees. You get 1% off your trading fees for every 1,000 KCS you hold, up to a maximum of 30%
  • Pays you dividends. 50% of all trading fees paid by Kucoin users each day is set aside for KCS holders and distributed equally among all KCS tokens.

Buy KuCoin Shares (KCS) India - BuyBitcoin

A small handful of KCS tokens might not make much of a difference, but the benefits of having more might be potentially huge. At a price of over US$17 in January 2018, it would potentially be a considerable holding.

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PROS

-Obtaining KCS we become investors of the KuCoin exchange and we gain a part of the dividend of its commissions
-The exchange KuCoin has the possibility to grow a lot. More knowing the interest that KCS is awakening.
-We can sell whenever we want our KCS, as one more currency.

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How does KuCoin Shares work?

The project’s whitepaper gives a great explanation of how KuCoin Shares are distributed. As stated before, the distribution methods take into consideration the amount of KCS in a user’s exchange wallets.

For every 1000 KCS you hold, you will receive a 1% trading fee discount with the maximum amount capped at 30%. For example, if you hold 20000 KCS you will receive a 20% discount, but holding 50000 KCS will max you out at a 30% discount.

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Conclusion

Considering the dramatic increase in cryptocurrency interest worldwide and the fact that exchanges are closing their doors to new user accounts due to a lack of scalability, it would not be unreasonable to witness the success of this exchange and its native cryptocurrency, KCS.

Buy Kucoin Shares (KCS) India

BuyBitcoin will soon add Kucoin Shares (KCS) cryptocurrency to the platform. Keep visiting for updates.

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  • Over 25 coins listed to trade in on BuyBitcoin.
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  • Open order book support, so you can set your buy and sell orders at a rate different from the market.
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  • Our 24/7 customer support team is always there to help you out.
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