Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Where to buy Kucoin Token
How Kucoin Tokens (KCS) work and how to buy, sell and trade them
Kucoin Token (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.
Where to buy KuCoin Token
KCS is the native token for the KuCoin exchange, so the exchanges it is offered on are limited.
Things to consider before buying KuCoin Token
As a coin, KCS itself has grown dramatically in value since its creation, becoming quite successful in its own right. There’s a set supply limit of about 181 million coins.
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 cryptos 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 Token at the KuCoin exchange or through a coin exchanger.
More guides on Finder
Axie Infinity guide: How to play and earn
Axie Infinity is an RPG game that is currently dominating the NFT sector. Discover what Axies are, what makes them unique and how you can earn money simply by playing.
How to buy Bitcoin (BTC) in the US
Want to buy bitcoin but don’t know where to start? This comprehensive guide provides step-by-step instructions on how and where to buy BTC in the US.
A beginner’s guide to retirement investing
What you need to know to start building your retirement nest egg.
Teaching kids about money: 9 ways to start
Fast-track your child’s financial literacy by learning how to teach your kids about money.
How to buy Dogecoin
This guide explores how to buy and sell Dogecoin on an exchange as well as where you should store your cryptocurrency.
Coinbase vs Coinbase Pro
We compare Coinbase and Coinbase Pro side-by-side so you can see the differences in fees, features, supported cryptocurrencies and more.
How to start a vending machine business
Is a vending machine business a low-cost, easy-start business idea? Find out what’s involved with a vending machine business and how you might finance it.
Binance vs Coinbase: Which is best for you?
Binance and Coinbase are two titans of cryptocurrency – let’s see how the two stack up and find out which suits your needs.
Cryptocurrency staking guide: How to stake coins for rewards
Staking is one of the most popular ways to earn an income with cryptocurrency – learn how to get started with this guide.
Ethereum price crashes 15% overnight as cryptocurrency market drops
Ether drops from $1,900 to $1,578 amidst a market-wide sell-off, following record-breaking high prices.
Ask an Expert