Kucoin Review for Sports Betting
Cryptocurrency for Sports Betting
What is the Kucoin?Kucoin is a cryptocurrency trading hub that has quickly become one of the most used exchanges in the industry. There are over two millions people that utilize the website to trade and exchange various forms of cryptocurrency. Kucoin is on the verge of being one of the best cryptocurrency exchange platforms in the industry. Kucoin is based in China and unlike Coinbase and Bittrex, it is not affected by US taxation and therefore has greatly improved its ranking among new users and investors around the world. The company was started in 2017 in Hong Kong and was developed to be simple to use, with a clean interface.
The Kucoin developmental team is one of the best in the industry. They have several key associates that have vast experience working with some of the largest companies in the world and have a wealth of experience involving cryptocurrencies. Many have been around since early 2011 and are considered experts in the industry.
The website itself is very easy to navigate and is even able to be used by the novice of experienced cryptocurrency investors. Many users of the website claim that it is one of the easiest and smoothest processes for exchanging cryptocurrency.
Getting Started with Kucoin
Getting started with Kucoin is as simple as reading over some terms and conditions, and filling out a simple form for your email, password and referral code if available. Once you completed the process, you will be emailed a verification link so you can activate your account. It is simple as that…..it really is easy and able to be used by the most novice user.
Benefits of the Kucoin
The best benefit that I see for Kucoin, besides that fact that it is not based in the US and not liable for tax information, is the fact that there is a plethora of various cryptocurrencies that are available on Kucoin. Unlike some other exchanges, Kucoin offers ICO’s, which are Initial Coin Offerings.
ICO’s can be beneficial when they first go live because they are usually much cheaper and can return a nice return on your investment. These types of coins are rarely available at some of the other exchanges such as Bitmex and Coinbase. Those exchanges predominantly focus on the more popular cryptocurrency such as Bitcoin, Ethereum and Litecoin but do not offer the newer ICO’s. By getting in on the ground floor of some of these ICO’s, this will allow you to invest in newer coins and a great price!
Kucoin offers several interesting out of the box offerings to help secure users. One of those is a referral program that will pay you 20% of the fees for anyone that you get to sign up with Kucoin. This means if you get your friends and family to sign up for a new account, you will get 20% of their fees that they take on while making exchanges.
Negatives of the Kucoin
One of the major negatives of Kucoin is the fact that registration for new accounts is hit or miss, and is currently not available. With so many people joining at one time, it has forced the company to stop taking new accounts so they can service their regular clients. They seem to do this every few weeks to make sure they can support their clients and not get over used.
Another negative of Kucoin is the fact that they do not allow fiat currency exchange. This means you can not use the regular US Dollar to exchange cryptocurrency. This also means you must have an account with another site so you can purchase your initial cryptocurrency, and send it to your Kucoin account for exchanges.
If you read many other reviews on Kucoin, you will find mixed feelings on their rates. I am logging this under the negative but it will come with a question mark overhead. Many of the rates that I see are reasonable for most coins but there are a few that are extremely expensive. The exchange rate can be very expensive and in some cases, too expensive to maintain profitability. In these cases, you simply want to avoid using Kucoin for those exchanges.
Overall Conclusions of the Kucoin
We are 100% behind Kucoin and think of it as one of the best exchanges available in the industry. We recommend that you check Kucoin daily, and if the ability presents itself where you can open an account, you take advantage of the website.
With the ability to purchase ICO’s, as well as the most popular cryptocurrencies, Kucoin is one of the best options available without the heavy taxation and fees at some other exchanges. The one thing that we caution you is to be careful with some of the exchanges as they can come along with some really expensive fees. Do you homework and due diligence to find out what the fees will be prior to making any exchanges.Sign up for Kucoin here.