If you are looking to invest in a long-term passive income generating cryptocurrency, then KuCoin is your guy. The project started as far back as 2011 where thorough research was conducted by the team members, to include blockchain and exchange infrastructures.
KuCoin investment concerns itself with a methodology of rewarding people back with the fees they charge from the transactions that take place on their trading platform.
KuCoin is an exchange platform for cryptocurrencies and it goes without saying that exchange platforms are making so much money from the tons of trades that are transacted daily. So if you were to invest in an asset such as this, with a reward potential coming from two angles – one from the actual cryptocurrency itself, and the second from the profit sharing model curated from transaction fees over a period of time on their network, then the this can be considered a worthy investment.
Currently, there’s only one place where you can buy KuCoin, and it is from within its own exchange. For newbies, it can be quite challenging especially when they are not conversant with the workings of these product types. The coin is paired with some other cryptocurrencies such as BTC, ETH, NEO, GAS, DASH, USDT, CAG, and a few others as well. Preferably, you should buy KCS paired with the BTC as it has more trade volume; however, this depends on your discretion and can also change with time.
The option of storage comes in two forms either through a hardware wallet or through the online method, and the latter is quite simple. Since they had a token sale event through the Ethereum network, before launching their own exchange, the tokens can be stored on ERC-20 compatible wallets, most preferably on myetherwallet (MEW) – that is if you decide that their site might be unsafe for long-term storage.