Review on KuCoin by Afan Ibrahim
kucoin is bigger and better for your exchange.
kucoin is a safe exchange platform that allows users to excess unimaginable transactions at a faster and convenient way. It was formed in 2017 for the purpose of elaborating P2P exchange at a safer mode. It represents a platform with virtually all features of trading and exchange with low fees attached to an transaction performed by the user. However, it token is represented by the figure KSC which every user is entailed to by simple purchase. Every user who own the KSC token is also entailed to rewards,bonuses and preferences. The kucoin is accessible via a mobile application which contains a whole lots of interesting features which ranges from trading bots down to other trading features. However, the trading bots is a computerised watch market robot that monitors the market up trends and down and take profits as well when everything seems favourable to the user. It requires no much funds to set up although but a little knowledge. A P2P exchange on kucoin is attached with several benefits and rewards as well. Recent activities on kucoin added up a reward of 0.0000001BTT to the assets list of my investment.
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Furthermore, the platform has different pages such as Main,trade,margin and assets in which each of this pages has a dignified use for traders. Kucoin makes trading easier and more comfortable for users and ensure that no user losses his investment. The application also supports verification or login through fingerprint scanner which makes accessing your assets more faster. In addition, kucoin provides a vast number of cryptocurrency for investors and easy buy/sell profile which is attached to no broker thus, the exchange fees are relatively low. For sells it requires a P2P profile and deposit is done in less than 5minutes. Through the stable coin(USDT) users can sell their assets on the main page to others which is instantly transferred into your bank account. Setting up profile on kucoin is the easiest way to enjoy this benefits.
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They Kucoin exchange shows great modifications recently which calls for a review of such on the exchange. Kucoin exchange was launched actually launched in September,2017 as a digital cryptocurrency exchange for trading vast digital assets such as BTC,ETH,BLOK,BNB,VIL,AOA and many others. It has secured the confidence of Over 10million users around the world. Kucoin offers apparently,two closely related but dissimilar services which are Custodial and Non-custodial services. This form of service (Custodial) allows users to store assets directly on the Kucoin exchange or in the same way,allow a users wallet to be connected to a third party wallet. This feature actually keeps the user in control of all of his/her assets. However, Kucoin exchange shares new modifications such as the Margin trading,Spot light trading, futures brawling and may others. First,we shall consider each(if not all) of this aforementioned features and how it is been traded on the Kucoin exchange.
Spot light section on the Kucoin exchange happens to be a complicated section on the exchange but however,easier to adopt because it comes with requirements and only participants who have meant this criteria can be allowed to participate on the spotlight token sales. However,some of this criteria to be meant are;
- Every participants requires at least a minimum holding of 200KCS token.
- KYC verification.
Thus,the spotlight sales is an avenue created by the Kucoin exchange for users to earn profits. To navigate to this section simply follow the outlisted steps,first, Go to More on the exchange (which is located at the top of the Home page)>>then click spotlight to enable you view the page,then>>navigate to the participation page and the platform is all set up, pretty easy Right?
A more futuristic section that has more to be added to it in the nearest Future is the "Margin Trade". The Margin trade is one of the most amazing section on the Kucoin exchange with apparently less risk and easy method of expanding users digital assets. By 2022,the Kucoin Margin trade is planning on building a differential feature called the "Isolated Margin",which will actually facilitate the Kucoin Margin trade functionalities. However,the Kucoin Margin trade translates to an amplified investment returns which permits users to borrow tokens ( at times to their necessitated amount) and pay back with stipulated time frame. In addition to the aforesaid features,the Kucoin Margin is one of the widest channels on the exchange with roughly 18+ different Languages,which was actually done in this way,so as to enable a tradable ecosystem for users. The Margin trade was launched on Kucoin in 2019. The Margin trade modifies, simplifies the method of lending and of course,this section is continuously modified to enable users grow their assets.
In light of this,another feature on the Kucoin exchange that is worth talking About is the provided section for P2P exchange. To locate this section; Sign up on Kucoin>>locate the Home page,then click the buy,sell and exchange section>>Click on P2P exchange>>then click either buy or sell. The relevance of the P2P exchange on Kucoin actually eliminates the effect of a third party or Middle man while issuing transactions. Executing this process takes not more than 50 seconds maximum to initiate an instant sales or make purchase and this attribute is also applicable to making transfer transactions although the system remittes an exchange fee of 10cents for each valid transaction.
Other exclusive features which has also been modified on the exchange are;
- Staking
- Futures brawling
- Bot trading
- Futures trading,etc.
- it is P2P exchange platform with varieties of coins.
- It is fully active
- Assets are safe for storage.
- Instant deposit and withdrawal profile.
- It lacks this feature.
