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kucoin Exchange Review – is kucoin Exchange safe?

4 Mins read

Welcome to Bulliscoming Crypto and Finance Media, kucoin exchange is an exchange that has grown to a wide region with 10 million registered users and still counting, a lot of people love the exchange compared to other exchanges because of the features like low trading fee, easy navigation, beginners friendly and some tremendous bonuses for new users who register on their platform.

50% of users who register for this platforms; registered because of the benefits of the system like enjoying 20% fee off trading fee with their utility token which is KCS and also users can earn 50% of kucoins daily trading fee via the Kcs bonus; by holding a minimum of 6 Kcs on kucoin exchange

However, this article entails details kucoin exchange review like what is kucoin exchange, their affiliate program, staking, and if kucoin exchange is safe for users.

What is Kucoin Exchange

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KuCoin Exchange is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown to become one of the most popular crypto exchanges and already has 10 million registered users across 207 countries and regions around the world.

The KuCoin Exchange emphasizes the quality of the projects listed based on a research department that scours the blockchain industry for quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. Over time, KuCoin aims to provide long-lasting, increased value to its more than ten million registered users, in over 207 countries. In November 2018, ‘The People’s Exchange’ officially partnered with IDG Capital and Matrix Partners.

Johnny Lyu is a co-founder and CEO of KuCoin, a global dominating cryptocurrency exchange. KuCoin rapidly boomed in popularity to evolve into one of the biggest international crypto exchanges. Lyu, is based in Asia, and KuCoin is not licensed in the United States, and few people from the U.S are using this exchange.

If you want to register on kucoin Just click this text!!!

Is Kucoin Exchange Safe?

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On Sept. 25, 2020, KuCoin suffered a cyber attack on their exchange; where hackers stole $275-$285 million worth of users’ digital assets. It was suspected that North Korean hackers were responsible for the hack.

However, the Seychelles-based exchange’s quick and efficient response to the hack — KuCoin liaised with blockchain data firm Chainalysis, other crypto exchanges, and law enforcement agencies — allowed it to recover most of the funds and refunded the rest of its users using its insurance fund.

Meanwhile, it is also an ultimate burden for every single investor whether they are holding their funds or lending them. The platform has a comprehensive risk control system that secures the user’s assets.

You can trade comfortably on KuCoin, knowing that your digital assets are secure on the exchange. KuCoin utilizes numerous layers of security, including micro-withdrawal wallets, industry-level multilayer encryption, and dynamic multi-factor authentication; which means Kucoin is safe for all crypto traders/investors who intend to leverage the platform.

Also Read; KCS Coin Price Prediction: Is KCS Coin A Good Investment?

kucoin Affiliate Program

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On Kucoin users can leverage the affiliate program and earn up to 40% commissions for inviting users to the platform and this can be done simply by telling/recommending kucoin to their friends and family.

KuCoin Affiliate aims to reward those affiliates who share the same value and mission with KuCoin, and are willing to promote the exchange platform.

Users can create a unique referral link and share it with others. Anyone who completes the registration will automatically become an invitee. As a reward, the users will receive commissions based on the tradings completed by the referee across all platforms, such as Spot, Futures, and Margin trading.

The Benefits Of KuCoin Affiliate Program

As a KuCoin affiliate user, you are entitled to enjoy the following rewards:

45% Commission On Trading Fees

KuCoin affiliates users enjoy the privilege of a 40% commission return on the invitees’ trading fee once the invitees trade on KuCoin via the exclusive link. If the affiliate level reaches Lv2, their commission reward will increase to 45%.

Note: The commissions are settled weekly, and a maximum commission period can be permanent.

Unique Second-level Commission Scheme

KuCoin Affiliate Program launched a unique second-level commission scheme.

Once your invitee also becomes a KuCoin affiliate (they will use the term ‘sub-affiliate’ ), you will receive a 5% extra trading fee commission contributed by the sub-affiliate.

For example, A is a KuCoin Affiliate. If A invites B to become an affiliate, B invites C to become a trading client, then A is the main affiliate, and B is a sub-affiliate. A can get a 5% commission from C’s trading while B receives a 40% or 45% commission from C’s trading depending on B’s affiliate level.

How To Join The KuCoin Affiliate Program?

KuCoin Affiliate Program welcomes all content creators to join them as long as you’re interested in the crypto space, no matter if you are a YouTube video blogger, cryptocurrency community leader, KOL, or other content creators.

As long as you are willing to promote KuCoin, you can fill out the form to apply for becoming an affiliate.

Kucoin Staking

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Kucoin users can participate in Staking, users will obtain both Staking rewards and POL Credits. It supports multiple digital assets. meanwhile, during the period of staking, users can trade their staked assets in the Liquidity Trading Market for liquidity.

The user can choose to redeem a redemption period (according to different currencies set the corresponding redemption period), and during the redemption period, there is no local currency income and POL mining income.

The Reference Annual Yield is composed of staking rewards and the annual yield after converting POL to the staked coins. The annualized rate of return is estimated based on historical market revenue, which is a reference. The actual rewards will be calculated according to the actual amount received in your account.

For example, the annual rate of 21.75% refers to the expected annualized return of ORN as 20% (Annual yield of ORN)+1.75%(Annual yield after converting POL to ORN).

Also read; Liverpool NFTs – Everything You Need To Know

Conclusions

Kucoin support spot trading, futures trading, margin trading, and also leverage trading with low fee compare to some crypto exchanges, and with their utility token; users can earn daily with a minimum of 6 Kcs via Kcs bonus rewards.

Their official native token is been traded by top crypto traders and a lot of investors are bagging a lot of it because of its potential to bring good ROI.

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About author
Justice Osamuyimen is a blockchain technologist, a crypto content creative writer who aspires to write educative/ information content on blockchain technology & cryptocurrency ecosystem. He's also a trader and also an investor in the crypto currency field, he's open for multitasking and love his career growth.
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