Kucoin buy, sell, and store a wide range of cryptocurrencies.

KuCoin is a large cryptocurrency exchange that allows users to buy, sell, and trade digital assets. The platform also enables margin, futures, and peer-to-peer (P2P) trading in addition to conventional trading choices. Users can also earn incentives by staking or lending their cryptocurrency.

Kucoin was established in 2017 and used by over 11 million customers around the world. It uses multi-layered security, including micro-withdrawal wallets, industry-level multilayer encryption and dynamic multi-factor authentication.

Kucoin Features

KuCoin’s own KCS coin, is based on the Ethereum network. Users who own KCS are eligible for trading fee savings and a daily share of KuCoin’s trading fee earnings. Users must have at least six KCS tokens to be eligible.

While KCS is clearly a benefit of using the KuCoin platform, it’s crucial to remember that KCS is a volatile cryptocurrency with no guarantee of a stable coin value.

Margin trading

KuCoin is one of the few exchanges that allows residents of the United States to open a cryptocurrency margin account.
This risky investment strategy allows users to borrow money in order to increase their profits (and their potential losses).
When investing in an already risky and historically volatile asset, using margin substantially increases the amount of risk you can take on, and is best left to experienced crypto investors.

Crypto lending

Users can also lend their crypto assets to other would-be margin traders through KuCoin. Interest rates and term lengths differ depending on the coin.

Of course, there are risks associated with crypto lending. While the loans are secured and the recipient is required to maintain a particular level, price fluctuations can result in unexpected losses. If a recipient’s account drops below 98 percent of their borrowed amount, KuCoin automatically initiates margin calls, which refill your loaned coins. KuCoin’s insurance covers the difference if they are unable to fully return you, though the platform cautions in the rules that this is not guaranteed to entirely cover any losses.

Trading bot

Trading Bot enables users to automate their cryptocurrency trading by scripting actions that are executed automatically when certain circumstances are fulfilled.
You may use it for everything from re-balancing your portfolio when your asset allocation gets out of whack to implementing guardrails to allow it to profit from price movements while you’re away.

KuCoin rewards

KuCoin Rewards Hub has prepared a variety of bonuses for all KuCoin users, including a $500 worth of welcome gift, USDT token rewards, deduction coupon for transaction fees, a trial fund for Futures Trading, and Margin Trading, a free trial for VIP, etc

Using this referral link or code rB2E71U you will get a $10 sign up bonus plus a 30% discount on all trading fees.

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