IS KUCOIN (KCS) A GOOD INVESTMENT?
IS KUCOIN (KCS) A GOOD INVESTMENT?
KuCoin (KCS) is a third party exchange that allows you to buy, sell and trade lots of different cryptocurrencies whose native coin can be bought and also as a means of earning .Trading can likewise be done with just the use of an E-mail address, however It is also a global crypto exchange that provides a number of trading options to its users which include P2P trading, along with lending, and staking.
COINS AVAILABLE ON KUCOIN
Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), XRP (XRP), USD Coin (USDC), Dogecoin (DOGE), Polkadot (DOT), Uniswap (UNI), Bitcoin Cash (BCH), Litecoin (LTC), Chainlink (LINK), Polygon (MATIC), Theta (THETA), Wrapped Bitcoin (WBTC), Stellar (XLM), Internet Computer (ICP), Ethereum Classic (ETC), Filecoin (FIL)
MAJOR BENEFITS OF KUCOIN
- Access to earn profit on your crypto: There are two ways of receiving your profit on the Kucoin:
- Coins can be staked through Pool-X (a KuCoin-backed company) which is similar to earning stock dividends. Certain cryptocurrencies use staked coins to help validate the network and keep it secure, therefore rewards are earned if coins are tied up for a particular period
- Loaning out crypto and then receiving interest: upon loaning out crypto there is a percentage of interest unlike the interest you get when the money is been saved up in your bank savings account
- It has a strong user base: one major merit as a strong user base is that it contributes liquidity to the market which simply means you would be able to make more trade because there is along chain of traders which also gives you the opportunity of joining an active community of traders who you can effectively communicate with.
- Access to more coins and Advanced training features: The Kucoin mobile application, permits traders to make use of trading bots which automatically process the buying and selling, which simply means as a trader you do not necessarily have to be online always to know the market rate.
- Easy to navigate, thereby making it very comfortable and perfect for the use of beginners
- Possess good security features
KUCOIN AND YOUR CRYPTOCURRENCY SAFETY
KuCoin also has excellent user-level protection and encourages users to set up two-factor authentication and an additional password for trading. Alongside the 2factor Authentication and password, safety hints or phrases can be programmed an all Emails from Kucoin to protect fraud of your account .
KUCOIN UNIQUENESS AND AS A MEANS OF EXCHANGE
Coins staking on KuCoin is a great way for users to make a passive income, as they equally tend to enjoy the benefits of joining the KuCoin community. However, crypto traders that hold more than six KCS are entitled to earning daily bonus.
Kucoin as a means of exchange just like any exchange, has been designed to allow its users to buy, sell, and safely store a variety of cryptocurrencies either using their online platform or mobile applications. After registering an account using the Phone number or E-mail address and also the verifiction process is completed,advanced features is accessible in conjuction with reduced fees and the user would be opened to an opportunity to earn rewards.
KUCOIN TRADING BOT
KuCoin Trading Bot makes it easier for users to trade by creating an account and making a deposit. They also offer long-term trading strategies, whereby instead of investing several thousand dollars into any cryptocurrency all at once, users can instruct the Trading Bot to invest small amounts at certain intervals over time.
The trading Bot uses information and analytics about the market analyze prices and forecasts. then uses the information to place buy and sell orders as the price moves. And which in a great way assist crypto traders earn money by recovering invested money as well as making profit even while are busy, asleep or taking a nap
CONCLUSION
Unlike other financial markets, crypto trading occurs on a 24/7/365 scale and KuCoin is a popular exchange platform that brings complex trading functionality to the palm of your hand. With an interface that is simple enough for beginners to understand and good enough to provide investors with the opportunity to make a steady income.