Where to buy Kucoin Shares
How Kucoin Shares (KCS) work, and how to buy them
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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 a discount on trading fees and pay lower withdrawal fees.
- 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.
A small handful of KCS tokens might not make much of a difference, but the benefits of having more might be huge.
How to buy KCS
KCS is the native token for the KuCoin exchange, so the exchanges it is offered on are limited.
Things to consider before buying KuCoin Shares
As a coin, KCS itself has grown dramatically in value since creation, becoming quite successful in its own right. There’s a set supply limit of about 181 million coins, of which half are currently in circulation.
As long as Kucoin remains popular, KCS is likely to keep being popular as well. It’s considered to be an effective store of value on the exchange itself and might remain fairly steady even if a particular coin dumps. Even if KCS gets pricey, it's likely that there’s always going to be someone looking to hit the next 1,000 threshold for a larger discount.
The discount on trading fees would be negligible without a massive holding in KCS. At current prices, you’d need roughly half a million dollars' worth to get the full 30% discount on trading fees.
But if you’re working with enormous volumes, then you have to calculate whether it's worth it.
The dividends might be even more valuable. There is the opportunity of a fee discount on a large KCS holding, and you might well earn more back on dividends than you spend in fees.
Dividends take the form of a constant stream of a very wide range of crypto being added to an account. It's worth considering whether, with a bit of time and the possibility that other coins might fail, KCS could become a lot more valuable.
How to sell or trade KCS
You can only sell your KuCoin shares at the KuCoin exchange or through a coin exchanger.
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