The best crypto exchange for US residents........Kucoin | Summary and Q&A

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May 4, 2021
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Drake on Digital
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The best crypto exchange for US residents........Kucoin

TL;DR

KuCoin is a popular exchange platform for trading various cryptocurrencies, offering features like referral bonuses, staking, spot trading, crypto lending, and more.

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Questions & Answers

Q: How does KuCoin's referral program work?

KuCoin offers referral bonuses, providing users with discounts on trading fees when they sign up using a referral link. Additionally, holding their native KuCoin Share tokens can grant an additional 20% off trading fees.

Q: What is soft staking on KuCoin?

Soft staking is a feature on KuCoin where users can earn interest on their tokens without locking them up. By holding certain tokens in their pool X account, users can passively earn interest and receive a daily breakdown of their earnings.

Q: Can users lend their cryptocurrencies on KuCoin?

Yes, KuCoin offers a crypto lending feature, allowing users to lend out their cryptocurrencies for a specific period and earn interest. Rates vary depending on the cryptocurrency and lending duration.

Q: How does KuCoin ensure the separation of accounts for trading, margin, and futures?

KuCoin provides different accounts for various purposes, such as the main account, trading account, margin account, futures account, and pool X account. This separation ensures that negative balances in margin or futures accounts won't affect the user's main trading account.

Summary & Key Takeaways

  • KuCoin is a highly regarded cryptocurrency exchange with a wide range of tokens available for trading, making it ideal for finding small altcoins.

  • The platform offers features like spot trading, where users can customize their trading screens to monitor different pairs simultaneously.

  • KuCoin also provides staking options, including soft staking, where users can earn interest on their tokens without locking them up, and a pool X account for staking and earning rewards.

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