Review on KuCoin by Benedict Patrick
kucoin is a digital network for cryptocurrency trading.
Kucoin is a digital marketing platform that provides users with access of buy and sell under different price rate. Kucoin supports mobile application which is actively functional. My last transaction aided me with the opportunity to create a bot which could control my trading. Bot robot is an active 24/7 computerised robot that watch out for the market in other to make profit for users. However, it allows exchange through USDT. USDT is a stable coin on kucoin that allows exchange between different currency pairs which I often use NGN/USDT exchange. There's is a referral program on it home page which allows users to earn free 3000USDT. It withdrawal is instant and provides the best exchange rate for virtually all currency pairs. In addition, there's provision for transfer of funds from trading center to main center coupled with active lending as well.
Furthermore,it is a giant platform for making Fiat deposit which is as instant as possible under active finger print verification. It promotes a center of/for active trading and generation of liquidation for maximum profit output. On the mobile application there's room for saving assets which can be bought and sold at any time that is convenient for the user. Thus, to sign up for kucoin requires no national identity verification but only email verification. Recently, it is running a program where by users who deposit more 250,000USDT from June 23rd till the end of the month gets additional rewards for making such transactions and recently I was rewarded with 0.0000001BTT for active deposit and transfer within it mobile platform.
Kucoin exchange is the world's largest cryptocurrency exchange that is built on top security such as the Onchain and this is done to secure the properties and resources of users. Owing to the last displacement of some users information back then in 2017,the exchange has built more security stages to protect the activities of users. Thus, there are new modifications,new contracts and opened section for users to explore. The Kucoin exchange actually differs far widely from other exchange but certainly makes no room for custom token addition. Recently,there has been amazing characteristics about this exchange that needs to be visualized.
The Kucoin exchange provides activities that enable users to earn interest not only by buying low and selling high but also, allowing users to freeze their assets within stipulated time frame (this process is described as Staking). Staking is a system that is used on the Kucoin exchange as a way of validating the network and keeping the exchange secured. Aside Staking, lending also works the same way as staking. In other to stake assets on Kucoin,the user requires a minimum required stake token as specified by the platform. Let say,we are staking Tron(TRX) ,it requires a minimum of about 300trx although Tron is a Blockchain. However,there are two sections of transfer before any token can be staked on Kucoin exchange. The token is transferred from the Main account/trading account>>to the pool-x section (this is actually where the staking pool takes place). It is actually shown that different staking pool provide different APR for each token.
Another feature that is demanding relating to the Kucoin exchange is the trading Bot. Well,the Kucoin trading Bot functions by using an automated crypto trading software which permits the bot to make changes and trade on behalf of the user. The trading Bot looks actually easy to use,mange and in return also saves time,energy and reduces stress for users. The Backend of this bot functions by combining information about the Market,which it receives through analytics and certainly through other tool to make price forecast. The Bot initializes a buy when the market springs up which is an important aspect of the exchange because the user does not need to monitor the activities of things anymore.
However,many advanced features have been going on Kucoin lately which i summarize as follows;
- Spotlight token sales
- Grid trading ( which is actually a similar function to the trading Bot,but uses an AI parameter by default which is already inputed by the user.
- Dollar cost averaging ( this functions works just like a classical Grid trading view).
- And lastly,but not the least is the Futures brawling,which actually controls a distinct section of the Kucoin exchange.
On this note,the Kucoin exchange launched 2017,has carried it name to both far and near locations such as Nigeria. Nigeria is rated currently as one of the most trading community in AFRICA especially by dominating the KUCOIN EXCHANGE which has a group on telegram for Nigerians to search information about the news and signals on kucoin futures trading and Blockchain tokens with many other interesting things. Kucoin makes the stage better for traders especially in my community.
- it allows for mobile application use.
- Fiat deposit and P2P withdrawal.
- Trading bots available.
- Referral programs with rewards for users.
- It is confusing with lots of features at times.
