By Nathan Ferguson
KuCoin Review
KuCoin cryptocurrency exchange is based in Singapore. In 2017 it began operations in Hong Kong under the moniker “The People’s Exchange.” Their goal was to provide an easy and secure platform for people worldwide to buy and sell various digital currencies. They’ve had a significant impact on the global crypto ecosystem, expanding their customer base to over eight million in just four years and serving one out of every four crypto investors. Keep reading this KuCoin review to learn more.
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In recent years, KuCoin has become one of the most popular cryptocurrency exchanges, thanks mainly to the extensive range of products and services it provides. KuCoin has many advantages that distinguish it from the other cryptocurrency exchanges; let’s take a glance at some of the most notable of these characteristics below:
Multiple Device Compatibility
KuCoin features an app available for both Android and iOS devices, allowing you to trade from anywhere in the world. The User interface is clean and even contains a trading bot, which is not featured on the site’s desktop version.
Hundreds Of Cryptocurrencies Are Available
If you’ve spent any time researching the top cryptocurrency exchanges, you’ll be aware that there are many alternatives to choose from and that it can be challenging to narrow your search down to just one. I hope that by giving more details about the vital services that KuCoin provides its consumers, I will help you make your decision.
KuCoin currently offers 250+ different cryptocurrencies, making it one of the most diverse selections available on cryptocurrency exchanges. KuCoin is constantly adding new cryptocurrencies to its marketplace.
Buy Cryptocurrency With Fiat Money
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You’ll most likely begin your crypto experience on KuCoin by purchasing cryptocurrency with your fiat currency (for example, USD or Euro). Now you have to decide how much money you want to invest in your fiat money (KuCoin accepts over 50 different fiat currencies) and which crypto you want to buy. If you follow the directions, the digital assets will appear in your digital wallet nearly instantly. There are approximately 50 different coins available here.
Buy And Sell Crypto With Zero Fees
You can purchase or sell bitcoin with another member at an agreed price on KuCoin’s P2P (peer-to-peer) marketplace, which is powered by blockchain technology. You can post how much bitcoin you are prepared to buy or sell for, and if another person accepts your offer, the transaction is complete. Additionally, there are zero fees associated with using a P2P marketplace, which is an advantage.
KuCoin Rewards
Any user who maintains more than 6 KuCoin’s tokens (KCS coins) on the exchange has the potential to make money from it, like earning interest on any savings account at a bank. The bonus is paid out daily and has an anticipated annual percentage rate of more than 22 per cent.
Future And Margin Trading Availability
KuCoin allows you to trade futures with maximum leverage. When trading futures, you have the option of using one of two interfaces. Futures Lite is the first, and it is easy to use and ideal for an immediate futures trade. Futures Pro is the second option, which includes trading tools and up to 100x leverage.
Bot Trading Availability
KuCoin features several bots that can assist you with daily trading. Only Spot Grid Bot appears to be available on the desktop site; the other three types of bots require the use of the mobile app. A Trading Bot is a fantastic instrument for boosting your investment results. You may set the settings for your bot, and it will automatically execute trades for you, allowing you to trade while you sleep.
The bots run in the cloud, so you do not have to use your computer or phone to utilize them. You may also examine which bots are the most effective on a routine basis and duplicate their setups to make your own bot.
End Thoughts
KuCoin is among the most well-known crypto exchange, and it boasts many advantages. There are incredibly cheap trading fees, a no-fee P2P marketplace, 250+ cryptocurrencies, and many advanced trading options like bots, margins, futures, and crypto loans.
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