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Israeli New Shekel (ILS) to KCS (KCS) Instantly
Purchase KCS (KCS) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
KCS (KCS)
KCS (KuCoin Token) is the native digital asset of the KuCoin cryptocurrency exchange, a globally recognized platform for trading a vast array of digital assets. Initially launched as an ERC-20 token on the Ethereum blockchain, KCS serves as the core utility token designed to empower the KuCoin ecosystem and reward its users. The fundamental design of its tokenomics links the token's value directly to the performance of the exchange, creating a shared interest between the platform and its community. This structure positions KCS not just as a medium of exchange, but as a key component of the platform's Web3 infrastructure strategy.
The primary utility of KCS revolves around its unique revenue-sharing mechanism, known as the KCS Bonus. Holders of at least 6 KCS receive a daily dividend derived from 50% of the exchange's daily trading fee revenue. Additionally, holding KCS provides users with significant trading fee discounts. The token also plays a crucial role in KuCoin Spotlight, the platform's token sale launchpad, granting holders access to early-stage projects. A systematic buyback-and-burn program, funded by a portion of exchange profits, acts as a core deflationary mechanism designed to reduce the total supply over time.
Expanding its utility beyond the centralized exchange, KCS is the native gas token for the KuCoin Community Chain (KCC). KCC is a high-performance, EVM-compatible public blockchain built to provide a fast and low-cost environment for DeFi applications and smart contract execution. On this decentralized network, KCS is essential for paying on-chain transaction fees, facilitating the operation of dApps, and participating in the on-chain governance of the KCC ecosystem. This dual functionality solidifies KCS's role as a bridge between centralized services and the expanding world of decentralized finance.
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Frequently asked questions
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What exactly is the ILS/KCS trading pair?
The ILS/KCS pair represents the exchange rate between the Israeli New Shekel (ILS) and the KuCoin Token (KCS). It allows users to perform a direct fiat on-ramp, purchasing KCS, the native utility token of the KuCoin exchange, using their local Israeli currency. Holding KCS offers unique benefits like receiving a daily KCS bonus and paying for gas fees on the KuCoin Community Chain (KCC). -
What are the common methods to buy KCS with Israeli Shekels?
To purchase the KCS digital asset with ILS, users typically rely on cryptocurrency exchanges that support Israeli customers. The most direct method is using a platform that facilitates ILS payments via credit/debit card or third-party payment gateways. An alternative route is using a local Israeli exchange to buy a major cryptocurrency like BTC or USDT with an ILS bank transfer, and then trading that asset for KCS on a global exchange like KuCoin. -
What are the advantages of holding KCS from the KuCoin ecosystem?
Holding KuCoin Token (KCS) offers significant utility within its native ecosystem. The primary benefit is the KCS Bonus, a mechanism that shares 50% of the exchange's daily trading fee revenue with holders. Additionally, holding KCS provides trading fee discounts, grants access to token sales on the KuCoin Spotlight platform, and is used to pay for network gas fees on the KuCoin Community Chain (KCC), a high-performance and EVM-compatible blockchain. -
Is KYC/AML compliance required for ILS to KCS transactions?
Yes, any reputable cryptocurrency exchange that provides a fiat on-ramp for Israeli New Shekels (ILS) will enforce mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. This is a standard regulatory requirement to ensure secure trading and prevent illicit financial activities. Users will need to verify their identity, typically with a government-issued ID and proof of address, before they can purchase KCS with ILS. -
How can I securely store my KCS after an ILS purchase?
After acquiring KCS with ILS, securing your digital asset is paramount. For active trading and earning the KCS bonus, you can keep them on the KuCoin exchange. For long-term storage, transferring your KCS to a non-custodial digital wallet where you control the private keys is recommended. Since KCS exists as both a KCC and ERC-20 token, you can use compatible wallets like MetaMask, Trust Wallet, or opt for maximum security with a hardware wallet like Ledger or Trezor.
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