Crypto is an emerging market with much potential, but it is not connected to the centralized banking system. As a result, investing and trading in crypto is much more complex than conventional trading. You can not just go to a bank and buy bitcoin for your regular currency. That is where the crypto exchange platforms come in. They convert the centralized fiat currency to fiat cryptos so that you can invest in them. There are many crypto exchange platforms globally, such as KuCoin, by which you can buy bitcoin and 500 other crypto coins. Kucoin is one of top rated exchange with its high liquidity, low fees and classic commissions. Well, here in this article, we are going to learn about the cryptocurrency exchange.
What Is A Crypto Exchange And How Do They Work?
As discussed earlier, Crypto exchange platforms are the tools used to convert fiat currency to non-fiat currency. Other than that, they serve different purposes. You can invest your amount in any coin you like, and they give charts and graphs to show the crypto trends. KuCoin is an easy-to-use platform that provides its currency called KCS, which can be used to transition between the USD and any other crypto you like. There are hundreds of crypto exchange platforms in the market, and it cannot be evident for the new crypto investor to choose the best platform.
When you are looking for a new platform, make sure it has a vast audience contributing to increasing the liquidity of the cryptos that you will be trading. KuCoin is one of the leading crypto exchanges, with 1 out of every four crypto traders using KuCoin outside the United States. KuCoin also offers the support of over 500 cryptos, so there are viable options to choose from other than just BTCUSDT or ETHUSDT.
When choosing the crypto platform for trading, ensure that it has good security features. As crypto is not controlled or regulated by any central organization, lost money can not be recovered, so the crypto exchange must have adequate and up-to-date security features. KuCoin has multiple security layers that include two-way authentication, separate passwords for transactions, limited Ip, etc. This makes the assets secure and safe.
Real-time data is an essential factor in choosing the crypto exchange. It helps in making the correct decision about crypto. KuCoin provides the 24 hours latest cryptocurrency news and updates. It also has crypto blogs that help know the market trends and predict the market. KuCoin also provides stable grounds for mining crypto coins, especially bitcoin, and anyone can participate in it with their device using the bitcoin cloud mining.
KuCoin is nearly free and charges only 0.1 percent on each transaction, which is very little compared to other platforms’ commission fees. If you are a blogger or a YouTuber, you can also take benefits from the affiliate program of KuCoin and earn the rewards by recommending to others about KuCoin.