Best Alternative To Binance : Kucoin
With the increasing demand of users jumping into crypto-currencies, exchanges are facing tough time serving them.They are building a better infraustructure to cater the needs of users. To handle risks financially and handle challenges on infrastructure and support mechanisms, Bittrex & Binance has temporarily closed on new customer/users registerations. Now, what’s a better alternative for Binance or Bittrex in this situation for new users?Well, there is a good exchange out there, which doesn’t look scammy and has good volume and liquidity.
Healthy Alternative = KuCoin
With almost exact dynamics of Binance, there came another exchange called KuCoin — which is famous in East Asian countries and slowly targeting user base across the world with incentives and contests similar to Binance.
Kucoin Steps up the game
Along with very cool interface and very usable experience, Kucoin also has their own token, KCS — Kucoin Shares. Kucoin charges a 0.1% fee from every trade, both from the maker and taker, which comes up to 0.2% fee’s per trade(someone sells and someone buys). Best offer from KuCoin is that they pay 50% of this fee (0.1% per trade) to KCS holders!So, in this situation where new registrations are closed on Bittrex and Binance, Kucoin could be a best alternative.
Additional advantages of KuCoin & How to avail them are listed in this article here
Conclusion
Although Kucoin is a relatively recent arrival in the world of cryptocurrency exchanges, it has been in the works for years, with the founding members having explored and researched various possibilities as early as 2011. At the moment, the options for trading pairs are somewhat limited, but they cover all of the most common cryptocurrencies plus the fact that they are quick to list new coins early ( taking an example from Binance ) should allow you to make greater gains by getting in early on these currencies.Without any doubt, KuCoin is one of the best competitors for Binance as they are adding new coins, especially ICO’s in a few days. When ICO gets listed in a few days, it is a great opportunity to grab them for the just little higher price than the ICO price. The Dividend for holding KuCoin Shares (KCS) is the feature everyone needed as this dividend helps us to save trading fee without any doubt.It is better to signup on KuCoin now as the registration is open now, soon they may face the server problem like Binance facing if more users register on the site.Click here to sign up on Kucoin: Join Kucoin