KuCoin Exchange Named the Best Cryptocurrency App of 2022: Everything You Need to Know
PRESS RELEASE. Leading private monetary companies’ evaluator, the Ascent, named KuCoin crypto exchange one of the best cryptocurrency app of 2022. The Ascent is a flagship product of world-renowned personal monetary and investing recommendation firm, The Motley Fool. Ascent rated KuCoin Exchange primarily based on elements like charges, collection of cash, buyer critiques, KYC guidelines, safety features and pockets availability.
Accolades from organizations such because the Ascent or Forbes—which named KuCoin Exchange among the finest cryptocurrency exchanges final 12 months—replicate the platform’s vital progress quantity and person base in recent times. The newest survey signifies that KuCoin Exchange obtained 10 million customers by December 2021 from 207 nations.
In 2021, KuCoin Exchange’s cumulative buying and selling quantity hovered round $1 trillion (Spot & Futures buying and selling) whereas the common every day buying and selling quantity reached the $3 billion mark. KuCoin Exchange Review 2022 on vetted rating websites like CoinMarketCap and Coingecko at all times rank the platform among the many high 10 cryptocurrency exchanges on this planet. Here, is all the things you have to know concerning the 2022’s no. 1 altcoin trade!
About KuCoin Exchange
Dubbed because the People’s Exchange, KuCoin Exchange was launched in 2017. It is a Singapore-based cryptocurrency trade with over 10 million customers energetic throughout 207 nations. The trade homes over 600 digital property and 1100+ buying and selling pairs. Currently, the platform gives P2P fiat buying and selling, staking, spot buying and selling, lending, crypto derivatives and margin buying and selling.
People’s Exchange Culminating into the Incubator of DeFi’s Evolution
KuCoin Exchange has dropped at the limelight greater than 640 crypto gems and helps 1100+ buying and selling pairs. The platform bagged the title of the “People’s Exchange” for supporting area of interest cryptocurrencies that different exchanges don’t help. Today, it’s greater than a People’s Exchange; the truth is, it graces the area because the facilitator of DeFi’s a number of revolutionary implementations.
KuCoin Labs is the funding and analysis division of the trade that launched a $100 Million Fund to empower the DeFi ecosystem and metaverse tasks. Despite all its far-reaching ventures, the staff behind KuCoin Exchange continues to remain grounded—churning out enhancements for its buying and selling options, which is its main promoting level. In this 2022 overview, let’s discover these very options that make KuCoin Exchange a stand-out crypto buying and selling platform.
Features that Make KuCoin Exchange Truly User-friendly
From buying crypto on the platform to exploring numerous buying and selling methods, customers get to navigate KuCoin Exchange conveniently because of its user-friendly interface. Features like buying and selling bots and social buying and selling help new crypto merchants get a style of the area with out prior expertise. Here’s an in depth overview of KuCoin Exchange’s user-centric options.
- Easy On-ramping With Fiat
As of 2022, KuCoin Exchange helps a number of fee strategies for fiat to crypto on-ramping together with USD, EUR, AUD, INR, CAD, GBP, and many others. KuCoin Exchange helps 51 fiat currencies in whole, having not too long ago added 36 European currencies.
The platform helps debit and bank card purchases through Visa, MasterCard, ApplePay, and SEPA. KuCoin Peer-to-peer trade has financial institution switch in addition to 20 completely different fee strategies. Users pays with Debit, Credit, Visa, Mastercard, ApplePay card and SEPA card. KuCoin Exchange additionally employs a quick purchase choice utilizing which customers can obtain cryptocurrencies immediately.
- Competitive Fees
KuCoin Exchange prices no charges for depositing crypto. Buying and promoting crypto on KuCoin P2P can also be freed from value. The buying and selling charges are considerably low at 0.1% per transaction which could be additional decreased by 20% if merchants maintain sufficient KCS, which is the native token of KuCoin Exchange. KCS receives platform charges and distributes the charges amongst KCS holders as bonuses which may go as much as 50% yearly.
The charges for getting crypto utilizing fiat foreign money will depend on the fee choice. However, SEPA card holders obtain one of the best deal having to pay solely 3.1% of the worth with which the property are purchased. Again, withdrawal fees vary relying on the cryptocurrency concerned. Please comply with the chart above to search out out the maker and taker charges for cryptocurrency futures contracts.
- KYC Leniency
KuCoin Exchange has a Know-Your-Customer (KYC) verification in place to fight criminals and cash laundering. Nevertheless, account verification is optionally available, particularly for small quantity merchants.
Accounts with out KYC can withdraw 2 BTC in 24 hours, which continues to be sufficient for many merchants. Comparatively, Binance solely permits customers with out KYC to withdraw 0.06 BTC in 24 hours.
- Trading Bots
KuCoin Trading Bot is a user-friendly buying and selling software and is free to make use of. Users can begin making a buying and selling bot with a couple of steps to mechanically execute buying and selling methods. KuCoin buying and selling bot helps 5 trading strategies: Spot Grid, DCA, Futures Grid, Smart Rebalance and Infinity Grid. Over 5 million bots have been created worldwide to assist newcomers copy others’ settings and get began shortly.
- Social Trading
The KuCoin social buying and selling platform was launched in October final 12 months to facilitate large-scale crypto adoption. In 2022, courtesy of this characteristic, KuCoin is remodeling into the primary and largest social buying and selling platform in crypto.
The social buying and selling platform is a go-to for merchants on the lookout for easy-to-obtain trusted crypto information feeds containing data on completely different token worth strikes, new itemizing, crypto information, trending coin, sector, portfolio, or subjects, and many others.
Additionally, the copy buying and selling characteristic permits new merchants to browse essentially the most profitable methods on the platform, and create a portfolio that meets their return expectation and threat desire in a single click on
- Top-notch Customer Service
KuCoin Exchange gives 24/7 buyer help through dwell chat and on-line ticket on its assist middle. The supporting employees are very responsive and affected person and supply localized help throughout 9 native communities in Europe, SEA and different areas.
For Advanced Users KuCoin Exchange Offers Crypto Derivatives Trading
For superior merchants, the trade offers margin buying and selling and futures buying and selling to assist them amplify their positive aspects from profitable trades. KuCoin Futures is without doubt one of the high 10 world Futures buying and selling platforms with over 3 million customers. It now helps over 70 cash with as much as 100x leverage. KuCoin Margin, alternatively, serves over 2 million customers supporting 70 cash as much as 10x leverage.
Users can begin with Futures Brawl if they’re new to derivatives buying and selling. Futures Brawl is extra like a sport and was launched with an intention to assist newcomers study buying and selling futures. Here merchants get to compete with customers globally, expertise futures buying and selling by going lengthy or brief and harvesting revenue. Futures Brawl is an efficient platform to study derivatives buying and selling methods which customers can later use to enter extra critical trades.
KuCoin Exchange Offers Easy Ways to Earn a Stable Passive Income
KuCoin Crypto Lending gives a peer-to-peer lending market, the place customers can lend property to earn passive revenue. For instance, the APR for USDT ranges from 10% to 30% more often than not.
KuCoin Earn is KuCoin Exchange’s staking platform that customers can moreover discover to earn a gradual passive revenue. One of one of the best advantages of KuCoin Earn is that stakers obtain the Pool of Liquidity tokens together with their staking returns.
KuCoin Spotlight and BurningDrop are two different options that customers can navigate to get their fingers on new crypto tokens. Coins listed on these platforms are rigorously assessed by the KuCoin staff earlier than they’re featured, subsequently, making them trusted platforms for getting allocations on new tasks.
To get newest updates on all new characteristic implementation, upgrades and bulletins, comply with KuCoin Exchange on Twitter, Telegram and Instagram.
This is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or companies. Bitcoin.com just isn’t accountable, immediately or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to using or reliance on any content material, items or companies talked about within the press launch.