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How To Exchange Coins | Here’s Everything You Should Know

The best part about cryptocurrency is its P2P feature means that you can send your money to any other person around the world without the need for any centralized bank or firm that tracks your money and takes commission out of it. sssIt is outside the conventional financial network and works independently without any firm or controlling agency, unlike the common currency that banks authorize. The best part about crypto outside the traditional financial system is its biggest weakness because you cannot go to an ordinary bank and exchange the amount for crypto.

There are many ways to buy the cryptocurrency, such as from the broker, but the most popular way to purchase the crypto is by using the crypto exchange platforms. Many investors use many crypto exchange platforms worldwide, but the most widely praised is the KuCoin, which is used by 1 out of every four users. KuCoin offers access to about 500 coins not available on any other platform. It is used in more than 100 countries and has a simple interface and reliable security features.

How To Exchange Coins using KuCoin

KuCoin is a fast and reliable cryptocurrency exchange platform that provides advanced and constantly updating features with extensive customer support. If you want to exchange coins using KuCoin, you must register on their platform.

Registration

The registration process on KuCoin is straightforward, and you have to provide your email address or phone number to create the account. You can choose to take additional security steps using Account Security to achieve extra security such as Two-Factor Authenticator, trading password, login IP restriction, and other security features.

Investment 

The process of investment in KuCoin is also straightforward. You can add your money by any payment method such as a bank account, credit or debit card, or Google play. Now you have to buy the KCS that is the official coin of KuCoin and has a fixed value. With the KCS, you can buy any currency that you like

Purchasing

The process of purchasing the coins on KuCoin is also straightforward. There are two sub-accounts in KuCoin: trading account and main account. For the purchase, you have to go to a trading account and buy the coins you like. It is not necessary to trade only in KCS and exchange currencies. Once you have purchased the coin, you can transfer them to the main account and leave them there.

Other Features of KuCoin

Not only KuCoin provides an easy understanding of the method to exchange coins. It also has many other features, such as you can even earn money with the trading bot, and you have to set the guidelines in it, and it will do the rest. You can also put your trading coin on loans to earn interest and recommend it to earn rewards known as affiliate programs. It also provides mining pool and has extensive support for bitcoin exchange. It also provides real-time data of coins market and the latest cryptocurrency news.

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