KuCoin is one of the top 3 cryptocurrency exchanges, with over 10 million registered users worldwide. Start trading 600 coins like Bitcoin (BTC), Ethereum (ETH), new cryptocurrencies, and even meme coins here! We provide professional, safe, and friendly services at the lowest fees.
Kucoin| Lending is a perfect match for owners and new investors:
The previous article introduced what KuCoin Crypto Lending is and how it works. To help users have a stable income and increase APR, this article will share five things you need to know about the KuCoin Crypto Lending platform.
Compared with other features like margin trading and futures trading, KuCoin Lending is more suitable for users who prefer low-risk investment and seek stable profit. The loan is a perfect fit for coin holders and earns extra profits. In addition, it is friendly to new crypto investors who can lend crypto assets to earn passive income with just a few simple clicks.
Choose a traditional loan to get a good APR:
Before you start lending money, you should always know that you have to compromise between your money usage rate and interest rate. Fund utilization ratio refers to how quickly you can lend money. Although the interest rate is relatively simple, it is often referred to as the APR.
Currently, KuCoin Lending allows you to choose the preferred method to lend your funds. With a traditional loan, you can set a daily interest rate that you are most comfortable with. However, if the fixed rate is significantly higher than the current market rate, it may be difficult for you to get a quick loan. Therefore, the optimal rate can be considered when setting the daily rate.
If you want to buy or sell cryptocurrency, opening an account with a crypto exchange is a great way to get started. Cryptocurrency exchanges operate similarly to online brokerage platforms, providing you with the necessary tools to buy and sell digital currencies and tokens like Bitcoin, Ethereum, and Dogecoin.
When choosing a cryptocurrency exchange, it is important to consider supported assets, fees, payment methods, and security. To help you find the right exchange, we took these factors into
consideration when selecting this list of the best cryptocurrency exchanges.
What is a KuCoin token:
KuCoin Token (kcs) is KuCoin’s native token. The initial supply is set at 200 million, and the monthly combustion system will continue until 100 million KCS remains. KuCoin tokens allow traders to benefit from the growth that is taking place within the exchange. They originally started as ERC20 tokens running on the Ethereum blockchain, but this is subject to change in the future. KuCoin is a cryptocurrency exchange that allows you to buy, sell and trade cryptocurrencies. Also known as The People’s Exchange, it is headquartered in Singapore. Officially launched in May 2017, it was founded in 2013 by a group of experienced business professionals. Michael Gan, Eric Don,…