7 reasons why I think Kucoin will always be a second-tier exchange | Posted by PVMihalache | Coins | December 2023

Kucoin is working hard to build a better Cryptoverse and I am working hard to generate a steady passive income stream. I’ve been using it for over 2000 days, which is a lifetime in the cryptocurrency world, but I think Kucoin will always be a secondary exchange!

why? Because Kucoin cannot compete with the scale of Binance or the continuous innovation that Coinbase brings to the market. I have added a set of reasons to support my remarks, and I hope you will provide constructive feedback to this discussion.

1. Recommender systems are an absolute joke

The original referral system failed and we received no benefit from inviting more than 70 users. The original system was broken and did not work at all, and the upgraded system also failed. After onboarding 5 or 6 new users, I was able to claim the box for a little $DOGE.

The latest Kucoin referral program launched on March 23 with the goal of making the platform more attractive to regular cryptocurrency users. A new system has been launched and now users can unlock mystery prizes and referrers can also enjoy a VIP trial for a month. I said it was a recommended program 2.0, but if you think about it, it’s actually 3.0!

I have 35 stars and played a random game and opened three cheap chests. I got 2 USDT and 2 worthless prizes, but I felt like a 40 star box would have been more rewarding. I don’t do Margin Trials or Futures, so the other two products don’t help me! Still poor compared to all other exchanges!

2. Staking Rewards

SUI dominated the cryptocurrency community as soon as it was launched, and many projects were enthusiastic about it. It’s a mix of hype and the search for the next big thing, with airdrops and token flips going to extremes.

Kucoin took advantage of this new El Dorado to quickly add $SUI. A few days later staking was added and coins were earned based on FOMO and superficial DYOR. I deposited it at 4% APY for a little crumble and took it back two days later. The staking rewards are fun, and 1.17% APY is not enough to provide liquidity! Two strikes!