KuCoin is a large cryptocurrency exchange offering the ability to buy, sell, and trade cryptocurrencies. KuCoin’s rich feature set could make it a compelling choice for advanced crypto investors.
See KuCoin features that will leave you stunned;
KuCoin Token (KCS)
KuCoin also offers its own coin known as KuCoin Token (KCS), which runs on the Ethereum network. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to sharing in a percentage of KuCoin’s trading fee revenue every day. To be eligible, users must hold at least six KCS tokens.
Margin Trading
KuCoin is one of the few exchanges that lets U.S. residents have a crypto margin account. This risky investment practice enables users to borrow money to amplify their returns (and their potential losses). Using margin enormously increases the amount of risk you’re able to take on when investing in an already-risky and historically very volatile asset and is best left to experienced crypto investors.
Crypto Lending
KuCoin also allows users to lend their crypto holdings to other would-be margin traders. Interest rates and other term lengths vary by coin. Crypto lending is not, of course, without its risks. While the loans are collateralized and the recipient must maintain a certain balance, price dips may cause unexpected losses. KuCoin automatically enacts margin calls that replenish your loaned coins if a recipient’s account dips below 97% of their borrowed balance. If users are unable to repay you fully, KuCoin’s insurance covers the difference, though the platform notes in the terms that this is not guaranteed to fully cover any losses.
Trading Bot
KuCoin’s Trading Bot allows users to automate their crypto trading by programming actions that automatically execute when conditions are met. You can use this for everything from rebalancing your portfolio when your asset allocation goes askew to programming guardrails for it to take advantage of price fluctuations in your absence.
Aside amazing features like those above you as an investor or a crypto beginner would love, get to win 2,000 USDT alongside other gift items on when you register here on KuCoin and also continue investing on coins for greater profits.
More:
- Must Read : How KuCoin Works.
- Notable KuCoin Features That will Shock You
- How to Fund your KuCoin Account
- KuCoin Review: KuCoin Spotlight
- How to Open a KuCoin Account
