kucoin download For apk and ios
KuCoin is a cryptocurrency exchange for people who want to trade cryptocurrencies on a secure and modern platform.
The exchange wants to offer users a simple and secure cryptocurrency conversion method.
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Unlike most of its competitors, KuCoin is not primarily focused on profit. He is looking to build the bitcoin space and make it more attractive to ordinary people.
The exchange platform issues ethereum-based tokens called KuCoin Shares. These are so called because they work like stocks within a traditional exchange.
KuCoin apk also pays dividends to shareholders from funds earned from exchange fees. Buying or selling currencies is easy and costs next to nothing: a 0.1 percent fee.
Main advantages
KuCoin has a lot to offer investors, including the following.
- low rates
KuCoin trading fees are among the lowest we know of. You do not pay any monthly account fees and the withdrawal fees are in line with other exchanges.
It is free to deposit cryptocurrencies, but you will pay to deposit fiat (traditional) money such as US dollars. The fee depends on how you transfer cash and which third-party app you use.
- Strong user base
KuCoin claims that 1 in 4 cryptocurrency holders around the world use their service. The great advantage of such a strong client base is that it adds liquidity to the market: you are more likely to be able to make the trades you want because there are more people trading.
It also means that you will likely be able to join an active community of traders who speak your language.
- Wide range of currencies.
KuCoin has a much wider selection of cryptocurrencies than you will get on many exchanges or brokerages. If you want to diversify into less popular currencies.
KuCoin is worth a look. It also has a featured section that promotes new coins so people can get in early. Just keep in mind that newer or lesser-known coins carry more risk than conventional ones.
- Earn interest on your crypto
The KuCoin Earn service pays interest on your crypto in two ways: you can stake coins through Pool-X, a KuCoin-backed company, or you can lend your crypto and get paid the interest.
Staking is a bit like earning stock dividends: certain cryptocurrencies use staked coins to help validate the network and keep it secure.
You get rewards if you agree to immobilize your coins for a certain period of time.
The interest you will earn by lending your crypto is more than you would with a traditional savings account, though it varies by currency and demand. KuCoin says that you can earn between 8% and 12% on average.
This money finances KuCoin's margin trading. The company says that lenders will always be reimbursed in full, either from the borrower's collateral or from a KuCoin margin insurance fund.
That said, you won't have the same protections you'll get with a regular bank, so make sure you're comfortable with the added risk.
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advanced features
KuCoin has many additional features, although you will need to think carefully if you want to use them.
For example, margin trading allows you to leverage your position, which is essentially borrowing money to buy more crypto. Only very experienced traders should use leverage because it makes cryptocurrencies, an already risky investment, even riskier.
KuCoin apk also allows you to use trading bots through its mobile app. Trading bots can automatically buy and sell your crypto so you don't have to be online all the time to follow the market.
However, crypto bots are not as developed as robotic advisors. Some have technical failures, for example.
Also, it is not always clear how they are investing their money, and you need to understand the cryptocurrency trading strategies they use. If you're buying for the long haul, bots don't add much to the mix.
How KuCoin works
KuCoin allows you to buy, sell and store a wide range of cryptocurrencies. It has a web interface as well as a popular cryptocurrency mobile app. You can buy KuCoin native token (KCS) to reduce fees and get rewards.
The account verification process is optional, so people can trade crypto with just an email address.
However, as mentioned above, if you want to use its advanced features, you will need to verify your account. And Americans can't do this because of US crypto regulations.
KuCoin offers custodial and non-custodial services. That means you can store your crypto assets directly on the KuCoin exchange or connect a third-party wallet directly and trade from there. This is a great option for those who prefer to stay in control of their crypto.
KuCoin also offers some less common features such as trading bots, leverage, and margin.
This cryptocurrency exchange is a good choice for: Experienced crypto traders outside of the US who want access to more coins and advanced features.
- advantages
- low rates.
- Strong user base.
- Wide range of currencies.
- Earn interest on your crypto.
- Advanced trading features.
- Good customer service.
- cons
- Not licensed in the US
- Limited payment methods
- Not for new traders
- Limited educational resources