Kucoin|What is Cloud Mining, and how does it work?
Bitcoin Cloud Mining is a novel distant mining strategy introduced by KuCoin Pool that allows most users to engage in mining while also helping to maintain the main network’s security and earning BTC. Users can mine without acquiring a mining machine because of the low prices, ease of operation, and consistent access to high-quality assets.
What exactly is KuCoin?
KuCoin is a Singapore-based global cryptocurrency exchange. It opened branches in Southeast Asia and China in August 2017. KuCoin has enjoyed rapid development since its launch, swiftly becoming one of the most popular altcoin exchanges.
The exchange is well-known as a rival to Binance. It is user-friendly, features a robust API, numerous cryptocurrency markets, and attractive rewards. For example, up to 90% of all trading costs are returned to community members. KuCoin Shares is one of these incentives (KCS).
Please read our comprehensive KuCoin exchange review if you want to learn more about the exchange.
Advantages of kucoin cloud mining:
Investment costs are low, and the mining threshold is low. Cloud mining offers a lower entry barrier than professional mining. Investors can avoid the high cost of purchasing mining machines or forming mining pools by purchasing cloud mining contracts and prepaying the power expenses to engage in mining without other restrictions.
Bitcoin Cloud Mining successfully avoids income loss due to power outages, mining machine maintenance, natural catastrophes, and other events and ensures a consistent income with consistent earnings.
It’s simple to use. Users are not required to have a thorough understanding of mining machine concepts and procedures and numerous software and hardware operations. With a one-click cloud mining subscription, you can start mining right now. Our Cloud Mining staff is also in charge of all maintenance.
KCS Token of KuCoin
KCS is the KuCoin exchange’s native tokens. Even though they are not recognized as securities, they provide users with dividend-like benefits such as 50% of collected fees and other unique bonuses.
What Are KuCoin Shares (KCS) and How Do They Work?
Most importantly, by staking kcs, KuCoin users can share in the daily exchange earnings. These rewards directly reflect the exchange’s transaction and trade volume success. The greater the daily rewards pool is, the more trading fees the platform gets. The amount of dividends paid is proportionate to the number of KCS held.
How Do I Keep My KCS Tokens Safe?
Because KuCoin Token (KCS) are Ethereum-based ERC-20 tokens, they can be used in any wallet that supports the ERC-20 standard. Metamask, Jaxx, MyEtherWallet, and other ERC-20 wallets are popular.
It is advised that you utilize a hardware wallet for the maximum level of security. Ledger and Trezor are two of the most popular hardware wallets that provide unrivaled crypto asset security.
In September 2017, the Seychelles-based crypto exchange debuted for cryptocurrency trading. Based on a research department that scours the blockchain sector for outstanding projects, the KuCoin Exchange premium the quality of the projects offered. KuCoin is a cryptocurrency exchange that allows customers to execute secure and efficient digital asset trades. KuCoin intends to serve its more than five million registered customers in over 100 countries with long-term, growing value over time. ‘The People’s Exchange’ formally collaborated with IDG Capital and Matrix Partners in November 2018. You can also view the live chart such as, BTCUSDT and ETHUSDT from KuCoin trade page.