Kucoin lowers Bitcoin [BTC] withdrawal fees in bearish Cryptocurrency Market

Kucoin lowers Bitcoin [BTC] withdrawal fees in bearish Cryptocurrency Market 20589
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Roshni Vayyapuri
Aug 8, 2018 at 3:10 PM

KuCoin, an international cryptocurrencies trading platform and blockchain assets exchange recently announced that it has decreased its Bitcoin withdrawal fee from 0.001 BTC to 0.0005 BTC. According to the data from sources, the withdrawal fee comes down to $6.95 USD.

KuCoin majorly aims to be “The People’s Xxchange” as they claim. The exchange has always tried to provide low trading fees for its users. The exchange has no deposit fee on the platform and the trading fees are at 0.1 percent. In addition to this, the exchange offers good customer support and a user-friendly platform.

KuCoin tweeted on their official Twitter handle, "Withdrawal Fee for Bitcoin (BTC) Reduced We are pleased to announce that the withdrawal fee for Bitcoin (BTC) has been reduced from 0.001 BTC down to 0.0005 BTC. Thank you for your support."

According to CoinMarketCap, the exchnage is 24th in terms of 24-hour trading volume and  24-hour volume is presently around 18 million.

Recently, KuCoin and HyperQuant have entered into a partnership for technological partnership. The fintech software platform, HyperQuant is based on the innovative Fast Order Delivery protocol. With this partnership, KuCoin aims to modernize its API protocol and become the most advanced technological trading platform in the market. HyperQuant’s fintech developers and engineers from KuCoin will collaborate to implement the best practices in the industry to realize this aim.

KuCoin was in the news recently after they announced that they’d stop trading services to their Japanese investors. The cryptocurrency exchange said that their decision to stop trading in Japan was “out of respect to Japanese legislation requirements”. Japan’s stricter guidelines for all digital currency exchanges across the nation has led to a lot of exchanges backing out of the country. Leading crypto exchange, Huobi also announced that they’ll stop offering trading services to their Japanese traders from July 2nd.

See also: Ripple’s XRP and Litecoin plunged to new Lowest yet Seen in 2018

About KuCoin

KuCoin aims to provide users with digital asset transactions and exchange services which are very safe and convenient. This is achieved by integrating premium assets worldwide and constructing a state of the art transaction platform. KuCoin is a full-featured spot trading platform for many digital assets and cryptocurrencies, including Bitcoin, Ethereum, NEO, EOS, USDT, KCS and many more.

Image via Shutterstock

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