Which is a Better Investment between KuCoin and Coss?
Coss and Kucoin may not be the biggest, but they are two of the interesting cryptocurrency exchanges. Both of them offer profit sharing tokens that are a way to earn dividends. They can also build up a collection of coins that are unique.
Here is the way it works: they are similar to any exchange that charges small fees for every trade. They are not like other exchanges since they distribute half of the costs back to the users. You may own unique tokens that are known as the Coss tokens (COSS) and KuCoin shares (KCS). Get this to become eligible to receive these payments. You can pay them in the same form as their collection. Whatever coins you trade that day, you will earn a small amount as payment. Because of this reason, the profit-sharing tokens are an attractive investment.
In case you are not an active trader, it is a way you can passively collect what is hot. It may include the brand new coins that they add throughout the year. However, this may be the primary downside to the concept. If you are not an early investor or whale, you may wind up collecting a lot of dust. It includes small fractions of inexpensive coins that may be too small to trade.
According to my estimate, you will need at least 2000 Coss tokens and 100 KuCoin shares before the dividend will become worthwhile. If you put more in it, you will get a higher return, and your dust will become tradable. Because of this reason, anyone would not want to invest in both of the exchanges. Instead, they put up the budget into one as well as maximize the returns.
The Main Difference between KuCoin and Coss KuCoin is bigger than Coss even if they launched it after Coss. It has nearly 80 times the trading volume, and as of the moment, it is in the ranks as #15 of all the crypto exchanges. It is essential as a profit-sharing investment because the higher trade can lead to a more prominent payout. KuCoin has a lot of unique coins that many investors consider as the go-to exchange.
A much smaller exchange is the Coss, but it does not lack in good ideas. The company is aiming to introduce a wide variety of features that includes a marketplace, pre-paid credit cards and a payment gateway for merchants.
This March 2018, Coss will allow their users to purchase BTC and ETH directly with their credit cards. It may expand more coins as promised and Coss.io may become one of the few places where people can trade altcoins against the Euro or USD. As of the moment, only some of these features were able to experience any progress.
Coss.io is not a known exchange to purchase the COSS tokens. It makes up 55% of the trades on their site. This information is a bit worrisome. Even if the team appears to have a lot of good ideas, they are slow to make progress. Fee Split Percentage Because of that, KuCoin may not come without risks. Investors were able to experience some panic last January when the Ethereum transactions froze. That is the reason why KuCoin abruptly canceled their referral program. Things still went back to normal immediately, but KuCoin even got a lot of flack. One thing, in particular, is that KuCoin does not guarantee that they will share 50% of their profits. They plan to lower it to 15% when the benefits increase. However, as of the moment, it is still at 50%. On the other hand, Coss.io is locked-in at 50%.
DAO or the decentralized autonomous organization pays out the dividends. It means that they may become hard-coded into the system that the company may not be able to modify. It may be unlikely if KuCoin will cancel their profit sharing program. Since Coss is hard-coded at 50%, it can be more reassuring to invest here. A Comparison of the Earnings between KuCoin and Coss To test what you can earn from the dividends, I placed $50 in every exchange. I was able to get 46 Coss Tokens and 6.5 KuCoin shares. After holding it for a week, these are what I earned from each: KuCoin: 4.5 cents (USD) I split it among 70 coins, with BTC, ETH, NEO and XRB (RaiBlocks) which the largest, respectively. I earned around 25 Sats of Bitcoin per day. This amounted to $0.02 every week which is the most I got of any single coin. Coss.io: 3.97 cents (USD) I split among 45 coins, with BTC, COSS, and ETH.
A snapshot of some of my earnings. My most significant was a little under $0.01 in ETH and a little over $0.01 in COSS. Both of them allowed me to earn the same amount which is roughly 4 cents. If I invested $5,000 in this experiment, I would’ve gained around $4 for each or $208 for the year. Of course, this does not factor the potential growth of the coins and exchanges .
Coss vs. KuCoin: Claiming Your Dividend
Even if the earnings are roughly the same, there is a vast difference in getting your coins. Everything is simple with KuCoin. Every day, you may automatically add the bonus to your wallet. It may not include the slow periods when it may take 2-3 days to update. You may click Explore > KuCoin Bonus to check the historical log about how much you earn every day.
When it comes to Coss, you might need to buy back your bonus. It may get around trade laws and to do otherwise may classify the dividend as illegal. It has a small fee of ~$2 or — 0.002 ETH. However, you will have to pay for every individual coin, and there is more than 45 of them. It is fortunate that Coss may hang onto the coins as long as you need them. It is similar to like having them in your wallet. You cant transfer or trade them until you “distribute” or pay them.
It is important to note that the non-Ethereum tokens such as the Dash and BTC are converted to ETH when you distribute the This will allow you to have them in their “native” form for as long as you want. Who is the winner between KuCoin and Coss? You may get the answer from risk or reward. Since the KuCoin is well-established, it is the top exchange for several coins like Railblocks, Telcoin, and DRGN. KuCoin also has an active community of traders. Since Coss.io is still ramping up, traders are not using them widely. That is except for the trading COSS tokens that make up 80% of all the trading volume. It may have a promising future with flat-pairings as well as the other features on the horizon. It is highly likely for the KuCoin to keep growing and cryptomarket will stay afloat if there are no hacks, scandals and regulatory changes that threaten the exchange. As of the moment, it is around 10-times smaller than the most significant trade which is why there is a decent room for growth.
The Coss.io is more of a tossup. Before announcing its fiat pairings, the token was in a long decline. It was down to $0.70 from its peak of $3. It is clear that there are a lot of initial investors that became impatient which is why they jumped ship. On the flipside, Coss is around 1000 times smaller than the most significant exchange which is why there is an immense room for growth.
I decided to go for the KuCoin primarily because I am a low-rolling investor. The distribution fee of Coss is likely to offset my gains. Since it is just at $2 per coin, it will only cost around $90 for me to ‘cash out’ my full dividend. As of the moment, you have to hold at least 2000 COSS before you can earn in a year. A lot of investors are expecting the payout to grow substantially if the fiat pairings and other features become successful. KuCoin was able to carve its niche. This famous exchange may allow anyone to earn triple its volume in the coming months. Every coin may make you around $1 by the end of the year. It may not include the moon missions that you might catch.