Cryptocurrency has always been a confusing investment model. The token gained popularity in early 2009 with the launch of Bitcoin. Since then, many other crypto tokens entered the global market. Visit the Official Website of Golden Profit for more information on bitcoin trading.
Today, more than 14k+ crypto tokens are being traded daily. The total market volume of cryptos has increased by $3 trillion globally. Additionally, there are also investments coming on major service lines of cryptos. It includes blockchain technology, DeFi, and crypto exchanges.
Understanding the role of crypto exchange
Crypto exchange is another popular medium that gained popularity. Along with cryptocurrencies, there is also an increase in the number of exchanges.
In simple terms, a crypto exchange is a platform that enables the easy buying and selling of tokens. It allows users to enable easy trading options using their platform. Other than crypto trading, these exchanges also allow for a better price forecast. It also allows users to store their tokens in the digital wallet.
Today, there are more than hundreds of crypto exchanges and each of these offers unique benefits.
Crypto exchanges make use of a simple working philosophy. The platform works as an intermediate to connect buyers and sellers. To undertake to trade, you need to first register yourself with the exchange. Compared to your trading volume, you may need to complete your KYC with the crypto exchange. Once the authentication is complete, you can directly link your bank with the digital wallet.
KuCoin – a promising crypto exchange
Among many other crypto exchanges, KuCoin seems to be a promising platform for your use. This cryptocurrency platform allows users to trade all popular tokens. Currently, the exchange lists all major tokens including Bitcoin, Ethereum, and Polkadot. As we speak, there are more than 100+ crypto tokens listed in the tool. The platform is user-friendly. The platform also provides insights into various market trends and price changes. It will allow you to obtain details on your various investment in a single view.
Is KuCoin safe for you to use?
This is the primary question that you need to answer. While there are many exchanges you need to note that not all exchanges are safe.
However, in the case of KuCoin you are relieved of this tension. KuCoin is a safe and secured platform to use. The exchange is based out in the US. The exchange has been prone to a certain hacking incidents in the past. Hence, you need to consider certain factors before making your investment decision.
Understanding the key features of the KuCoin exchange
KuCoin owns the same features as other crypto exchanges. Let us understand certain unique features of KuCoin.
You can trade crypto tokens using the KuCoin shares available in your wallet. The exchange is not used in more than 130 countries. It allows low trading fees and liquidity on their holdings. Every investor also gains a chance to undertake trading in a secured environment. There are advanced security measures in each phase while undertaking the transaction.
KuCoin has been in use for more than 10 years now. The token has also taken a safe position as the top 20 exchanges to trade.
KuCoin says India is an emerging market for crypto tokens
Many top crypto exchanges have given up on their operations in India. Various regulations and legislations in India do not allow smooth operations. However, KuCoin’s CEO has a different approach to this. He has mentioned that India has been a welcoming market. In terms of investments, India stands first in volume of investments. India is a strong market worth an investment.
Talking about other activities, the CEO also confirmed that there is no plan for layoffs. There have been speculations on social media. The exchange has been under the radar for major layoffs. After the rumour spread, there are major withdrawals from their exchange.
The CEO also confirmed that the exchange is not on the verge of insolvency. To contradict the rumours, the agency is also looking at ramping up. The company is aiming to increase its workforce by more than 30% of its current strength.
While most crypto exchanges are user-friendly, you need to undertake thorough research. Make sure to understand the platform and its offerings. Take control over your analysis before trading your funding.
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