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Are you a crypto enthusiast looking for a beginner-friendly and straightforward interface to kickstart your trading journey? Or are you a trader wanting to invest in lower cap coins having high potential for significant gains? Well, dubbed as âThe Peopleâs Exchange,â Kucoin is an excellent place to start.
KuCoin is a global cryptocurrency exchange with more than 8 million active users, ranking fifth on CoinMarketCap. Housing above 400 digital assets, KuCoin offers an exclusive range of small market-cap coins with high growth potential that traders wonât find elsewhere.
Currently, KuCoin offers Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending, among others. With its easy KYC-free cryptocurrency trading verification and top-notch security protocols, Kucoin has cemented its position as a leader in the blockchain world.
KuCoin is the Leading Exchange For Niche Coins
With more than 400 currencies, the KuCoin exchange makes it very easy for users to offer a coin/token to be listed. A penchant for niche tokens is unique to KuCoin, which traders wonât find on other exchanges like Coinbase Pro or Binance US. Several projects like ICP, BOSON, AERGO, RNDR, and DAO had a primary listing on KuCoin before officially entering the crypto-verse.
Derivatives trading, mining, and leveraged tokens are some of the most popular products of KuCoin. These products have only gained popularity owing to their competitive edge over their counterparts. Enthralling, isnât it? Wondering whatâs in store for you as a trader on KuCoin? Allow us to elaborate!
KuCoinâs Leveraged Tokens Offer Low-risk Margin Trading
Besides its margin trading option that offers traders up to 10x leverage, KuCoin has also introduced leveraged tokens. These are ideal for traders with a low-risk appetite. At the same time, they are designed to amplify returns.
The underlying asset denotes KuCoin Leveraged tokens - it's multiple, long, and short positions. For instance, a BTC3L leveraged token means traders can generate a profit multiplied by three on a long position. Leveraged tokens have the upper hand over spot trading in terms of profit. At the same time, it is less risky than high-leverage trading.
KuCoin Offers a Highly Competitive Mining Fee
KuCoin Pool rewards miners better than other exchanges at a 2% mining fee, thereby making mining more profitable. Using advanced mechanisms, the exchange aims to decrease the cost of mining and in doing so offers miners a convenient interface. All they need to do is to integrate their mining rig into the KuCoin pool to earn continuous rewards.
KuMex: The Future of Futures Trading
KuMex is KuCoinâs initiative to provide cryptocurrency derivatives traders a fair trading environment with a decreased barrier to enter a trade. On KuCoin, the XBTUSDM contract value is only 1 USD. This feels like a breath of fresh air, considering exchanges like OKEx and Huobi charge a minimum of 100 USD for a BTC contract.
Extremely Low Trading Fees
The trading fee on KuCoin is ideally 0.1%. If you pay using your KCS token, the fee will be further reduced to 0.08%. KuCoin offers a competitive edge over even popular exchanges like Binance for its high-tiered traders. KuCoin will turn out to be very lucrative if your trading volume is high and you hold a certain amount of KCS. For P2P trading, there are no fees. The platform is also free to deposit crypto.
Other KuCoin Features To Look Out For
KuCoin has an API for coding. This is a valuable feature for traders wanting to set up a degree of automation to trading through a script that can easily integrate into the platform.
KuCoin offers an array of options to experienced traders like leverage trading, futures trading. KuCoin also has a lending feature, including a provision to earn interest on your crypto assets.
KuCoin Offers Competitive Incentives For Participation
In an aim to further popularize cryptocurrencies, KuCoin recently launched Crypto Black Friday. Here users could use 90% discount coupons won from gamified activities to buy BTC/ETH/LTH/KCS/VRA. The event had a prize pool of 1 million USDT.
Recently it launched a feature called âRewards Hubâ where users can win USDT by participating in on-exchange activities and withdraw their steals when the stipulated threshold is reached. When it comes to promotions and rewards, KuCoin is the most interactive platform.
KuCoin treats its native token holders generously, as 90% of the trading fees are returned to the traders. Users need to hold only 6 KCS to get a share of the exchangeâs daily bonus. Holding KCS opens many avenues for traders on the platform, including participating in token sales on KuCoin Spotlight.
Trading Bots Make KuCoin a Beginner-friendly Platform
Trading botsâ primary function is to place and sell orders on behalf of users and make profits off the fluctuation of the market. Such trading bots were introduced to KuCoin with an aim to accommodate everyday crypto traders.
For newcomers, trading bots could be a zero-cost high-return investment for learning trading strategies. Trading bots on KuCoin are equipped to use market data to analyze and benefit from the price movement of an asset. They help traders make profits 24x7 eliminating the need to conduct market research for hours on end.
The KuCoin trading bot is equipped to support spot trading and futures trading. It also uses advanced AI to perform the systematic purchase of cryptocurrencies using the Dollar Cost Averaging method. Another thing it does is Smart Rebalancing, whereby the bot increases the total amount of assets by selling high. At the same time, it helps to maintain an unaltered portfolio. It does that by distributing the additional value gained from the selling across the portfolio.
To Wrap It Up
When it comes to spotting potential blockchain projects and investing in them, KuCoin is the go-to platform. KuCoinâs mission is to promote a free flow of digital value globally. In doing so, KuCoin exchange is among the fastest growing cryptocurrency exchanges, and its rising success is something that must be tapped into. With its remarkable features, top-notch security, and high reliability, is there a reason to look elsewhere?
KuCoin recently partnered with Web3 marketing Agency, a global crypto marketing agency that provides integrated cryptocurrency marketing solutions across crypto influencers, PR, SEO, and social media; in an effort to strengthen online communities and meet their business objectives. So, willing to be a part of the change? Feel free to check the KuCoin exchange community on Twitter, Telegram and other social channels for more information!
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.