The best places to buy KuCoin: KCS coin price doubles in a week

This article investigates the value proposition presented by KuCoin (KCS). The cryptocurrency is one of today’s top performers, doubling in value in less than a week, and this has led an increased number of crypto investors and traders to flock to the coin. With a trading volume that now stands at $133 million, up 29% from yesterday, the momentum behind KuCoin appears to be ramping up even further.

This article details the key things you need to know before you invest in KuCoin crypto. We explain what the project is, how it works, whether or not you should buy KCS coin today, and what our KCS price prediction is.

For those of you who want to buy coins, check out the two options in the section below; they are the two best places to buy and sell KuCoin crypto in the UK and elsewhere.

How & where to buy KuCoin online today

If you want to buy, sell and trade KuCoin tokens quickly, easily and affordably, our team of analysts can help. They have tested all of the top platforms and determined the two cryptocurrency brokers below are your best options thanks to their low fees and high-quality user interfaces. Simply click one of the links to sign up, deposit funds and purchase the number of KuCoins you want.

So, here is our selection of the two best platforms to buy and sell KCS coin right now:

eToro

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Register with eToro instantly

AVATrade

Ava Financial Ltd operates the AvaFX and AvaTrade forex brands and all business associated with them. The company has a branch office in Dublin, Ireland, which enabled it to get an operational license from the Irish authorities.

Register with AVATrade instantly

What is KuCoin?

Launched in September 2017, it is a cryptocurrency exchange project that is headquartered in Singapore. The KSC token – which runs on the Ethereum blockchain – is native to the KuCoin Exchange.

The KCS token itself is referred to as a ‘profit-sharing token’ because it allows traders to draw value from the exchange, generating passive income. Users who hold more than 6 KuCoins can be rewarded with a daily dividend that comes from 50% of KuCoin’s daily trading fee revenue. In addition, KCS is used as a utility token for various purposes, such as to pay for trading fees on the KuCoin Exchange, allowing users to recieve discounts of up to 80%.

The initial supply of KuCoin was 200 million, and a planned buyback and burn will eventually take this number down to 100 million in the future. The number of KCS coins in circulation will reduce each quarter as the development team continues this strategy of buying and burning.

Should I buy KuCoin right now?

If you like the project’s fundamentals, and you plan on holding for the long-term, KuCoin could be a lucrative way to earn passive income while also speculating on future price accretion thanks to the ever-reducing supply.

By contrast, if you are looking to trade to earn a quick buck, you may be better off looking for a cryptocurrency project that is more sentiment-driven.

Right now, the entire cryptocurrency market has dipped in value, which means that making an entry now could result in a major discount on the future KCS price. Provided you conduct your own research and are aware of the risks, you should be all set.

Will KuCoin make me rich?

This is extremely unlikely, but it could still generate really strong, consistent returns over time. Moreover, stranger things have happened in the crypto sphere this year; just look at Dogecoin.

KuCoin price prediction

Our KCS price prediction is unclear right now. The coin is simply too volatile for us to provide a price target with any degree of confidence. Logically, the $15 mark should provide the next meaningful point of resistance. Should KuCoin breakthrough here, we wouldn’t be surprised to see it return to a year-high around $19. One thing is certain; the KuCoin tokens show no sign of slowing down right now.

Social media coverage of $KCS crypto

#KuCoin is selected as one of the Best #Crypto Exchanges for 2021 by Forbes Advisor. 🥳We will continue providing high-quality services to our users moving forward. 💪 pic.twitter.com/nQB2V13scw

— KUCOIN (@kucoincom) June 2, 2021

$KCS new chain $KCC which is the #BSC of $BNB 👀 If $KCS gets to at least 50% market cap of $BNB 🤩🤩🤩 pic.twitter.com/L8gtG3Kk1D

— Crypto Gem Hunter 💎💎💎 (@coingemhunter) July 6, 2021

KuCoin $KCS monster pump. Now let’s compare it to $VRA. Get ready.$VRA pic.twitter.com/hjtt0u7SDD

— Gavin Brent (@thegavinbrent) July 6, 2021

Let’s go $KCS. Knew i held for a reason. Will follow $BNB footsteps. pic.twitter.com/Qj9hDDn7VI

— Crypto Sully (@sully2D) July 6, 2021

Check out our crypto news for the latest on KuCoin and other hot cryptocurrencies.

The post The best places to buy KuCoin: KCS coin price doubles in a week appeared first on Invezz.