KuCoin Reduces Minimum Withdrawal Amount

KuCoin announced that the minimum withdrawal amount for VEN token has been reduced at the users request
12 April 2018   117

On April 12 KuCoin cryptocurrency exchange announced that the minimum withdrawal amount for a very popular VeChain token has been reduced from 50 down to 10. That was done because of multiple requests of users who were asking for the minimum amount to be reduced in order to make the trading on the platform more convenient.

VeChain withdrawals from KuCoinVeChain withdrawals from KuCoin

Judging by the users' reaction to the announcement on Twitter, the news was not really welcomed warmly by the community, as a lot of people were excpecting also the withdrawal fee to be reduced. Previously, we have reported that KuCoin exchange temporarily disabled Bitcoin Private withdrawals due to some technical issues with BTCP wallets.

At the moment of press, these are main market parameters of VeChain:

  • Average Price: $3,16
  • Market Cap: $1 659 025 218
  • 24h Vol: $84 745 600

KuCoin is removing SAY token

KuCoin is removing SAY token to enact the SpherePay pledge fund solution on April 26
19 April 2018   104

As for SAY token, following the news that a portion of its total supply was stolen, KuCoin teamed up to propose either an airdrop of a new token coins to the users who purchased SAY token, or buy back the net buying volume purchased by the users. As SpherePay is releasing a new token, the old one will be delisted from the exchange.

The distribution of airdrop ETH to cover SAY net buying volume will start separately. The delisting process will go as follows:

  • SAY/BTC and SAY/ETH trading pairs will be closed on 18:00 (UTC+8) 2018/04/12. For better management of your funds, we recommend you to cancel your pending orders of SAY as soon as possible.
  • Withdrawals of SAY tokens from KuCoin will continue to be supported until 18:00 (UTC+8) on 2018/04/26.
  • If you are currently holding SAY please make your withdrawal on or before the closing date above.

At the moment of publication, only average price of SpherePay is publicly available

Average price: $0.002235