If you’re not familiar with Binance, it’s a cryptocurrency exchange where you can trade Bitcoin for other smaller coins. When Binance launched back in July, they released their own currency (BNB). After the launch, it hovered around $1–$2. It’s now hovering around $8-$10.
Besides the profit, the only benefit of having BNB in your Binance account is to half your trading fees. This made Binance’s trade fees less than 0.1%. Alongside with an excellent team, new coin listings, marketing, etc. Binance took the 1st place from Bittrex.
A new exchange launched called, KuCoin. The site is almost identical in structure as Binance. However, KuCoin has implemented new features, new coins, and more.
KuCoin launched their very own coin, KuCoinShares(KCS). Kucoin charges a 0.1% fee from every trade, which is the same as Binance. 50% of this fee (0.1% per trade) goes directly to the holders of KCS! It’s automatically deposited to your account every day!
The price of each KCS should be considered as well. KCS costed only $3.00 on December 31st. The price of KCS is sky rocketing above $5.00+ on January 2nd. It’s rising at a faster rate than BNB!
New coins, such as QLink, are slowly being added to the exchange. As of now, KuCoin has only around 70 coins that can be traded for Bitcoin. The more coins an exchange has, the more the volume of the exchange will increase. When new coins, such as RaiBlocks, are added to the exchange, the price of KCS will surge! Not to mention, there will be more revenue from the exchange, which will give you more revenue!
According to KuCoin, they’re expecting to be a top 10 exchange by 2019. That’s a conservative estimate considering the circumstances…
If you’re interested, sign up now before they stop accepting new account registrations.
Use the referral code, 1aMfJ when you sign up. Or, use the link: https://www.kucoin.com/#/?r=1aMfJ
Happy New Year’s!