Kucoin started a new bonus for traders yesterday that is worth taking a look!

Basically, if you qualify for one of the ranks below, you get an additional bonus to your KuCoin Shares (KCS) dividends the following day. This does mean you need to hold KCS, but it's a great chance to get a feel for the coin and earn multiple other currencies for doing relatively little.

What I'm explaining here is not financial advise and I'm not a professional financial adviser. It's obviously not worth losing out on trades, but if you are actively trading anyway, this is a great additional bonus.

The most interesting thing from my perspective is that cloud mining is dead, yet I want to earn passive amounts of other currencies. With Kucoin having WTC, RPX, NEO, CFD and others, my investment in KCS is working much better than my previous investments in cloud mining as I still own the KCS coins themselves.

Promotion ranks

• Rank 1-500 to get 300% on top of the standard bonus the next day

• Rank 501-1500 and get 200% on top of the standard bonus the next day

• Rank 1501-3000 and get 150% on top of the standard bonus the next day

Exchange pairs included in the promotion qualifying: KCS/BTC RPX/BTC NEO/BTC ETH/BTC KCS/ETH RPX/ETH RPX/NEO

*The highest rank in the specific exchange pair counts as your main rank: E.g. if you ranks 1-500 in RPX/NEO and 1501-3000 in a different pair, then the bonus will be based on your RPX/NEO (highest pair) ranking.

A key thing to consider here is that if you want to get in to a certain rank for a bonus, but don't want to compete in the BTC/KCS (highest volume) pair, you could trade in one of the lower volume trades to more easily climb the ranks. E.g. I repeatedly traded with 0.9 NEO to get into the top 200 yesterday. I happen to make this on KCS/BTC also, but the much cheaper route was NEO/RPX.

They are also giving away iPhone X's for the top traders between now and the end of November, but don't even consider this unless you're planning some major trading. You can see the current rankings HERE

The promotion period is from now until 23:59 Nov 25th (UTC+8).

Click HERE to register on Kucoin Exchange