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Best of Exchange Tokens: BNB v. KCS v. BXS

Since the cryptography market fell in 2018, one sector has kept its advantage more closely. And this is coins in the foreign exchange market, probably gaining from the sales volume in the bear market.

BNB, KCS and BIX are three of the best cryptocurrency grants offering some form of dividend. We will examine each one in this article.

1. Binance (BNB)

Binance is one of the most popular cryptocurrency trading platforms in 2018 and is the largest exchange of cryptocurrencies in the world by trading volume.

The platform hosts cryptocurrency-a-cryptocurrency traders. In other words, it does not accept legal currencies such as EUR and USD. The company's headquarters were originally located in China before being transferred to Hong Kong due to strict cryptocurrency laws in China. Binance's main website offers support in English, French, Chinese, Russian, Spanish and Japanese, and this has allowed it to expand its reach to the international market.

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Source: https://www.binance.com/

What more people may not know that the exchange also has its own currency native digital call BNB Currently, there are 95 million BNB tokens in circulation, according to Coinmarketcap.com, 100 million were sold during ICO. 200 million tokens available.

How does the Binance exchange work?

Binance exchange is similar to other cryptocurrency exchange platforms as Kucoin and Bibox . Use a Binance matching engine to match cryptocurrency buyers and sellers. Once the exchange has been processed, each trader receives the request and the platform receives a small commission to provide the service.

Binance has created its own patented trading engine that can currently handle 1,400,000 orders per second. This makes it the fastest cryptocurrency exchange on the market today. And this explains why so many traders have made the switch from other exchanges to Binance.

One of Binance's main advantages over its competitors is that all major currencies are supported. Furthermore, trading fees are extremely low – just 0.1% on each transaction. In addition, trading fees can be further reduced by using the native Binance currency – BNB.

2. Kucoin (KCS)

Kucoin is new on the scene, but do not be fooled. They have taken security and protection seriously and are on track to make a great success in the coming years. KuCoin, similar to Binance pays bonuses to its investors. Each day, the exchange distributes 50% of the trading commissions between investors holding their native tokens. The platform retains only 10% of trading fees.

KuCoin has managed to gain immense popularity in the cryptocurrency space and aims to become one of the top 10 cryptocurrency exchanges by 2019.

KuCoin is available to users all over the world and provides a variety of trading pairs such as BTC / LTC, ETH / BTC, BTC / KCS / BTC / RPX, BTC / NEO, BTC / DASH, etc.

Note that it is not possible to purchase the initial cryptocurrency on KuCoin

What sets it apart from the rest?

What distinguishes Kucoin from other exchanges is that its taxes are very low and that most of the taxes they charge are returned to users. KuCoin holds only 10% of the fees for trading services. The remaining 90% is divided as follows: 50% of users who have

KCS in their account (called KuCoin Bonus) and 40% as an invitation bonus.

Transactions and withdrawals have low commissions, with zero deposit fees. Trading fees are calculated at 0.1% based on the currency purchased. As for withdrawals, some are tax free as NEO and GAS, while others have low rates such as BTC at 0.0005 and ETH at 0.01

When you withdraw less than 100,000 times the current rate, the withdrawal will be processed within a few seconds. Larger quantities will require more time.

3. Bibox (BIX)

Bibox Token works similarly to Binance Coin or KuCoin Share – token holders benefit from a 50% reduction in the first on Bibox trading commissions and 25% in the second year and so on.

The Bibox native token (BIX) is an ERC-20 token that runs on the Ethereum blockchain. It was founded by Chinese blockchain giants – Huobi and the OKcoin core team. The team includes the first Bitcoin users, enthusiasts, Venture Capitalists, professional security traders, high-tech Angel Investors and established serial entrepreneurs.

The BIX platform is based on AI and Big Data. He took a unique strategy to succeed. It is not clear enough how the exchange integrates artificial intelligence into their system.

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Bibox allows participants to exchange crypto With additional features, it also allows professional traders to predict trends, an important idea because it minimizes most of the risks associated with the high volatility of the cryptography market.

The currency is currently traded on the Bibox stock exchange and has three comfortable pairs Trading: USDT, ETH and BTC Although less than a year old, BIX showed its potential reaching a record high of 4.08 US dollars in December of last year. more than halved by the date of publication. It remains to be seen whether the token will succeed.

Conclusion

BNB, KSC and BIX are three large exchanges with almost similar characteristics. All exchanges have their own native token that shares their revenue with their HODLer tokens. In our opinion, all three exchanges are quite similar. We think it's nice to have an account on all of them. However, the discount structure of BNB and BIX becomes less attractive on an annual basis. As always, do your research before committing to a serious investment decision.

Cole is a freelance writer specializing in cryptocurrency and emerging technologies. The previous articles on Masternodes have been published on the main crypto websites and cited in Whitepapers.

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