Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
KuCoin is among the top three largest trading crypto exchanges by market cap. Different from other trading platforms, KuCoin only uses cryptocurrency. Investors can purchase cryptocurrencies using a debit or credit card, wire transfer, or other online payment channels such as PayPal.
However, it does not provide fiat currency trading pairs. This restriction on traditional money avoids regulations and offers investors anonymous services. During its inception stage, KuCoin implemented the know-your-customer rules to increase users' trust and enhance the account's security.
The KYC process requires users to provide identification documents such as the official identification card. Currently, KuCoin does not require any KYC verification.
KuCoin trading platform began in May 2017 in Seychelles. The founder's ideology before launching the company was to provide a safer and simpler platform that allows people to trade seamlessly on crypto. Since then, it has become the third-largest platform with more than eight million users.
KuCoin is present in more than 200 countries. However, it is not licensed to operate in the U.S. It is a good platform for crypto investors, regardless of their experience levels.
Several crypto coins are available in the KuCoin trading platform. It also has an advantage since it accepts less popular coins with low market caps. Currently, the total number of spot currencies in exchange is around 750.
The topmost popular coins trading in the platform include:
The KuCoin platform has its coin that operates within the Ethereum network. Owning the KCS allows the venue to provide you with fee discounts. You are also entitled to get a percentage of Kucoin's trading fee every day. To receive these benefits, you should hold at least six coins.
The KuCoin trading platform allows users to lend their holdings to other traders. The interest rate and period depend on the coin type. Crypto lending comes with risks. To avoid the effects of price dips, KuCoin automatically enacts margin calls that replenish your loaned coins if the borrower's account goes below 9.7% of the loan.
If the borrower fails to pay the total amount, KuCoin's insurance covers the difference.
KuCoin is among the few exchanges that allow traders to own a crypto margin account. This investment enables users to borrow money and make more returns.
The trading bot allows traders to automate their coin trading through programming actions. These actions only execute when specific criteria are met. For most procedures, you can use these features, such as portfolio rebalancing and programming guardrails.
Trading at KuCoin has numerous advantages that include:
Less expensive fees
KuCoin's trading charges are among the most affordable in the market. The platform does not oblige members to pay any monthly account fees. The withdrawal charges are in line with all other exchanges. Depositing crypto is free.
Wide Range of Coins
The KuCoin platform has a broader range of cryptocurrencies to choose from. It includes even less popular coins for those who wish to invest in them. The spotlight section on the trading market promotes newer currencies for users to see and get in early.
Strong user base
According to KuCoin, one to every four crypto holders uses their service. Having a strong customer base adds liquidity to the market. It allows you to make more trades. It also allows you to join a more active community of investors who speak the same language as you.
It Allows You to Earn Interest Using Your Crypto
You can earn interest through your cryptocurrencies in two main ways. These two ways include:
Staking allows you to earn stock dividends. Some cryptocurrencies use staked coins to secure and validate the network.
It has Several Advanced Features
KuCoin offers more excellent features for their clients. However, clients need to think before using some more advanced features. Some features such as margin trading may require a high level of experience in crypto trading since it is a risky investment.
It is not legal in The U.S
The U.S is not included in the service's know-your-customer section. The KYC section requires all users to fill in their details and provide identification proof to help combat money laundering. The United state has stringent measures on cryptocurrency exchanges.
Therefore, KuCoin does not have a permit to operate in the U.S. If you try to trade without providing identification details, you will get restrictions on the amount you can withdraw.
KuCoin allows you to purchase cryptocurrency using traditional money. However, one needs a third-party app to make the purchase. You can pay via debit or credit card, Apple Pay, or Google Pay.
In addition, you will need to purchase the recommended amount of a single currency, mainly USDT, which is a stable coin, pegged on the dollar.
The KuCoin platform allows investors to buy, sell and store several cryptocurrencies. It has a web interface known as the mobile cryptocurrency app. The verification process is optional, and you can choose to trade by using your email.
However, those who wish to use the advanced features should verify their accounts by providing identification details. The platform allows you to store your cryptos either on the exchange or in an external wallet.
In September 2020, hackers gained access to KuCoins hot wallet and stole crypto worth 281 million. The insurance covered most of the funds, and most of the stolen crypto was later recovered.
The platform does not suffer from outages during peak times and market activities. KuCoin has deployed high-standard security features to ensure that the user's account is safe. These measures include:
KuCoin provides users with a separate password for trading. This password is different from the one used to log in to your account. Despite the high-security features, some people still believe that the platform is unsafe since it is unregulated. However, the platform provides users with a less secure online wallet. If hacking happens, then users are likely to lose all their funds.
It is important to take advantage of the available security features and create strong passwords. Use your online wallet to store your crypto.
KuCoin is aware that technological advancements will alter the production and value sharing process, and most people prefer using cryptocurrencies. KuCoin is one of the most advanced trading platforms that allow users to buy and sell crypto.
Despite high competition, KuCoin has emerged at the top against its rivals. Its fast-rising nature is due to several factors such as the IOS and android app, affordable transaction fees, and the unique profit-sharing system. Despite being unregulated, it is one of the best cryptocurrency exchanges in the industry.
Visit interactivecrypto and get the latest news on KuCoin's development.
Erma Winter Great! 1 year ago from India
0 Reply
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
4 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
4 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
4 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
4 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
KuCoin Review: Everything You Need To Know.
KuCoin is among the top three largest trading crypto exchanges by market cap. Different from...
NOSHIT Price Prediction - NSH/USD Forecast
Investing in cryptocurrency means that you have to constantly follow the market to understand...
Mongolia's Largest Bank to Offer Crypto Services
Mongolia's largest bank, Trade & Development Bank, plans to offer crypto services. The report by...
Block.one Gives $50,000 To Coronavirus App Developer
Block.one, the software publisher behind EOS, has issued a grant valued at $50,000 to a company...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (1)