Kucoin Launches Crypto Black Friday To Give Away 1,000,000 Usdt Worth Of Prizes

Kucoin Launches Crypto Black Friday To Give Away 1,000,000 Usdt Worth Of Prizes

By In Crypto News

June 2019 is when KuMEX, now rebranded to KuCoin Futures, was launched. Read more about Dragonchain to Bitcoin here. That went over so well that the exchange also launched margin trading with 10x leverage later in the year. The ICO was for the KuShares token, which uses the ticker symbol KCS. That utility token is used on the exchange as a way to share exchange profits, to access trading discounts and bonuses, and to receive special offers. The ICO was very successful, raising $20 million worth of BTC and the exchange issued 100 million KCS. The KuCoin trading platform was designed to make it as easy as possible for beginning traders. KuCoin has some of the lowest trading fees, even before the bonuses and discounts available. Your order is now filled, and your NEO would be credited to your NEO wallet on the KuCoin exchange. Remember, it’s a good practice always to send your coins off the exchange, a good one for your desktop wallet is the NEON Walletbecause you’ll also receive GAS.
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You might, however, find that volumes are low on less liquid pairs – especially those involving ERC-20 tokens. KuCoin offers a proprietary trading platform that was built from the ground-up. There is no requirement to download or install any software to your desktop device, as the KuCoin trading arena can be accessed through your standard web browser. The platform is potentially suited to both newbie investors and seasoned traders. One of the most notable benefits of holding KuCoin Shares is that you will get discounted trading fees. Crucially, while a standard fee of 0.1% is industry-leading, you stand the potential to reduce this by an additional 20%. What you need to do is to simply turn on the KCS Pay Fee button and enjoy the discount. Launched in mid-2019, the KuCoin Mercantile Exchange allows you to trade Bitcoin futures. KuCoin itself notes that it is looking to challenge the likes of BitMEX in this particular area of the cryptocurrency derivative space. As a result, you will have access to Bitcoin futures alongside a substantial margin position of up to 100x.

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In case your country code is not in the dropdown menu, then use your email for registration. If you get verified via KYC, you will have additional benefits. The risk of liquidation is absent irrespective of the change in the price of the token. KuCoin lets you enable two-factor authentication, trading passwords, and mobile phone number binding. KuCoin’s Trustpilot customer reviews are overwhelmingly negative and its currently rated 1.8/5 overall on the review platform. If you do run into any issues with KuCoin, you’re best shot at solving them quickly is probably to troubleshoot them on your own using the company’s Help Center. Depending on the type of method chosen, a verification code is sent to the provided email ID or phone number. Browse other questions tagged buy-bitcoins or ask your own question. Over the course of 2020, a number of big players have publicized hefty Bitcoin purchases, including MicroStrategy, Paul Tudor Jones, and Square. Bitcoin may have solidified a price base due to big player purchases.

Is KuCoin safe?

Yes, KuCoin is a safe cryptocurrency exchange. You can trade comfortably on KuCoin, knowing that your digital assets are secure on the exchange. KuCoin utilises several layers of security, including micro-withdrawal wallets, industry-level multilayer encryption and dynamic multi-factor authentication.

OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. Sharpen your trading skills and learn from experts with daily crypto market updates and trading tutorials, from beginner to advanced. Dive deep into the world of crypto and blockchain technology with in-depth analyses of the crypto industry and original blockchain research. Fund your main account by purchasing crypto with a credit card or sending crypto from another source to your KuCoin wallet.

What Makes Kucoin Token Unique?

I also checked on neotracker.io and my 13 NEOs are there but the KUCOIN exchange does not reflect my balance of 13. Like the sound of KuCoin and think the platform is suitable for your long-term trading needs? If so, we are now going to show you what you need to do to get started with a trading account today. When it comes to customer service, the team at KuCoin provides an around the clock support team that operates 24 hours per day – 7 days per week. You can send the team an email, albeit, if you need instant one-on-one support you are best advised to use the live chat facility. Although the exact percentage is not specified by KuCoin, it is claimed that the vast bulk of client funds are held offline. The remainder is kept in hot wallets to ensure the platform is able to meet its offering of near-instant and automated withdrawals. In terms of the specific interest rate, this will vary from coin to coin. As an example, by lending out Bitcoin for 28 days, you could be earning an annualized interest rate of 4.83%.

KuCoin is considered to be one of the most popular cryptocurrency exchanges, & it is a simple and safe platform in the world. It is an easy-to-use trading platform for digital assets like Bitcoin, Ethereum, Litecoin, Ripple , etc. In addition, KuCoin is well-known for its spotlight IEO platform or token launch platform. Cryptocurrency lending is yet another unique feature of KuCoin exchange. Also, KuCoin users can access many features of the platform like purchase cryptos with a credit and debit card, staking rewards, swap crypto with zero-fees, and more. Crypto lending enables users to lend crypto tokens to borrowers to earn interests. Soon after the first crypto token, many other cryptocurrencies forayed into the mainstream. These crypto-assets are responsible for the high volatility of the crypto market, making them ideal for speculative investments.

Margin Trading — KuCoin launched their margin trading services on October 31, 2019. This platform initially supported 12 different assets, which provided a way to trade with up to 10x leverage. In addition to the margin trading features, this also marks the opening of a lending platform for users who wish to lend their tokens to others for margin trading. KuCoin has grown into a top cryptocurrency exchange that can boast of serving every one out of four crypto holders worldwide. KuCoin’s trading fees are among the lowest on the market. You don’t pay any monthly account fees, and the withdrawal fees are in line with other exchanges. It is free to deposit crypto, but you will pay to deposit fiat money like U.S. dollars. The fee depends on how you transfer cash and what third party app you use. Other successful feature launches in 2020 included an instant exchange service that made exchanging cryptocurrencies much easier for beginners. And during the entire time KuCoin was also busy adding new coins and support for new fiat currencies.

  • The lack of a grace period means you’ll have to pay off the purchase immediately to avoid paying interest and protect your profits.
  • The deposits are free, while withdrawals incur a small cost, which differs per cryptocurrency.
  • Best of all, if you have an appetite to trade a less liquid ERC-20 token, chances are you will find it at KuCoin.
  • In early 2018 it was reported that KuCoin has more than 1 million users.
  • It is reasonably expected to retain the position for the long run.

So while KuCoin supports over 300 cryptocurrencies and stablecoins, it’s sometimes a two-step process to get the asset you’re looking for. KuCoin is one of the most popular global cryptocurrency exchanges, with over 8 million registered users in over 200 countries. However, KuCoin isn’t licensed in the United States, so it’s a less popular choice for U.S. investors compared to exchanges like Coinbase and Gemini. While this feature is the very essence of transparency enhanced by blockchain technology, the security is further enhanced by different safety protocols. KuCoin offers 2-Factor Authentication to safeguard the user account. It further protects the traders’ personal information with advanced SSL encryption. KuCoin implemented many security features into its user interface. For withdrawing funds, fulfilling the KYC requirement is a must.

Let’s get to the bottom of that question by taking an in-depth look at the exchange’s operations. As always, don’t forget to check the crypto search engine to ensure you are choosing the cheapest exchange. Take advantage of them to save money when buying your favourite cryptos. Don’t miss the best crypto exchange promotions currently available for you. To put Kucoin’s youth into perspective, the research and development team was only assembled in May 2017. There is also a 90% discount channel that will open from October 8 0 am to the end of the day. You can also click “KuCoin Crypto Friday” to learn more event details.
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I’m not going to describe in detail each service that is offered. If you are keen to learn all about that, you can take a look at my reviews for KuCoin and Coinbase . KuCoin has extremely low trading fees starting at just 0.1%, and you can receive a 20% discount if you pay fees with KCS coin (Kucoin’s token). If you are a large-volume trader, or you hold a large amount of KCS, you can reduce your fees even further, on a tiered structure. Click here to see detailed information regarding trading fee discounts. That’s true if you’re depositing crypto, but you’ll need to pay to put fiat money into your account. KuCoin has connected with several third-party services, and it calculates the best deal depending on how much you deposit and how you want to pay. For example, to convert U.S. dollars into USDT, the fees can be anything from 1% to 3% by card. The fee with Google Pay was around $15 for deposits of less than $500 at the time of this writing. KuCoin lets you buy, sell, and store a wide range of cryptocurrencies.

There’s also the institutional investor accounts that were mentioned above, where organizations can get significant trading discounts. In addition to these verification levels there is also the ability for companies to create an institutional account. Unverified – This is the basic level account created as soon as you register. All that’s required is a valid email address or mobile phone number. As you can see there are three verification levels for your KuCoin account. Automate your trading and benefit from markets 24/7, even while you’re sleeping.

Can I buy USDT on KuCoin?

VICTORIA, Seychelles, November 02, 2021–(BUSINESS WIRE)–KuCoin, a global leading cryptocurrency exchange, announced the launch of KuCoin Fiat Account, granting global users the access to deposit US Dollar (USD) to KuCoin using a credit or debit credit and purchase major crypto assets, including BTC, ETH, USDT, etc.

For instance, the following are the steps involved in creating a trading account on the KuCoin platform, which is very simple and takes a few minutes to create an account with KuCoin. OKEx is a world-leading cryptocurrency and Bitcoin exchange that provides hundreds of trading pairs for spot and derivatives. We are the leader among cryptocurrency exchanges, with daily trading volume and open interest of Bitcoin futures reaching $1.65 billion and $1.1 billion, respectively. KuCoin is one of the better cryptocurrency exchanges that’s recommended for cryptocurrency investors. It offers good services, a wide selection of assets, fiat currencies, and other great features. KuCoin is an exclusively crypto-to-crypto exchange, which means you cannot deposit any fiat, except when you buy it directly via third-party integrations .

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As stated earlier in this KuCoin review, the platform offers a wide variety of products and services, from trading crypto-assets and derivatives to lending crypto tokens. KuCoin has built a well-deserved reputation as the premier exchange for altcoin hunting. In the current cryptocurrency exchange landscape, no one comes close to offering the sheer variety of lesser-known digital assets that KuCoin does. As such, the exchange fills a niche and has seemingly no close rival. One might argue that Binance shares overlap with KuCoin’s market, but in truth, the two exchanges complement rather than compete with each other directly. KuCoin exchange is exclusively crypto-to-crypto which supports fiat payment methods integrated into its “Buy Crypto” services. Simplex, Banxa, and OTC Trading Desk are now available on Kucoin. Millions of people trust the KuCoin exchange platform because it offers an impressive array of crypto services like trading, fiat onramp, passive income, crypto crowdfunding, etc. KuCoin Token is the native token of the exchange, and it was launched back in 2017. Primarily, it’s a profit-sharing cryptocurrency issued on Ethereum’s ERC20 protocol standard, supported by the majority of Ethereum wallets.