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Igo launchpad, bots and lending: trading tools for Kucoin
In February, some platforms introduced restrictions for Russian users.
Kucoin crypto -rope in April stated that she would not block customers without the requirements of local regulators. We tell what trading tools are available to its users.
Platform tools in 2022
Kucoin is a cryptocurrency exchange with support for a spare, margin and P2P-trade with headquarters in the Seychelle Islands.
The site has been working since 2017. It currently supports more than 700 crypto acts and serves 18 million users of 200 countries and regions.
Kucoin offers users:
- investment platform Kucoin Earn;
- Igo launchpad;
- trading with bots;
- marginal trade;
- futures trade;
Below we will consider each of these tools in detail.
Kucoin Earn – a platform for passive income using crypto -financial products:
- deposits with a fixed and floating rate with a profitability of up to 20% per annum;
- Stayking Ethereum 2.0 and other crypto assets. Yield – up to 10% per annum;
- PALKADOT parachan auctions; -Users can get tokens of new blockchain projects by blocking a certain amount of cryptocurrencies in stakeing.
How to invest in Kucoin Earn:
- Go to the Kucoin website, enter the cursor on the menu Earn And in the opening list, click the tab Kucoin Earn;
- Select the desired product (deposit, staying or promotions) and click the button Subscribe;
- Translate stake or wallet assets in the menu Transfer And press the button Confirm.
Kucoin IGO – a platform for the primary offers of game tokens (Initial Game Offering, IGO). IGO participants buy intra -game tokens, and the project team receives money to develop.
In addition, investors can access intra -game objects like skins, accessories or weapons in the form of NFT.
Kucoin supports three IGO options:
- the sale of tokens at a fixed price;
- conducting auction;
- In the form of mystery boxes-virtual boxes that contain random NFT.
To participate in IGO:
- Go to the Kucoin website, enter the cursor on the menu NFT And in the opening list, click the tab Games/Igo;
- Select the project that Igo conducts and click the button Buy To buy tokens.
Trading Bot buys and sells cryptocurrency according to a given algorithm. The user indicates the list of assets for trade, as well as the conditions of entry and withdrawal from the transaction.
Kucoin bots support the following trading strategies:
- trading of the grid of orders in the spot market (Spot Grid or Infinity Grid);
- trading of orders in the futures market (Futures Grid);
- Dollar Cost Averaging, DCA);
- Smart Rebalance Smart Rebalace.
Margin trading allows traders to buy and sell cryptocurrency for borrowed funds, that is, increase the volume of transactions with the same capital. For example, a trader with 100 USDT on a deposit can take up to 900 USDT and buy bitcoin on them.
Features of marginal trade – exotic trading pairs like LTC/ETH, as well as a weekly payment of interest for the use of borrowed funds.
Advantages of marginal trade on Kucoin:
- credit shoulder up to 10x;
- support of more than 160 crypto acts and 190 trading couples;
- the presence of cross and isolated margin.
In the cross margin (or cross-margins) mode, all funds on the marginal account of the user act as security. In an isolated margin mode, the means are independent for each position.
The first type of margin prefer advanced traders due to the possibility of more free use of capital in the account. The isolated margin limits the risks of the allocated amount, so it is better for beginners in marginal trade.
To open the margin score on Kucoin:
- Go to the Kucoin website, enter the cursor on the menu Trade and in the opening list, click the button Margin trading;
- Choose Cross-Maru or Isolated margin, and then press the button Turn on;
- Click Translate, to add funds to the account with the cross margin or a separate account with isolated margins.
Kucoin Futures – a platform for trading futures contracts for cryptocurrency. Users open up a long purchase position (LONG) or a short sale (Short) of futures contracts with a credit shoulder up to 100x.
Kucoin Futures supports 100 unlimited and quarterly contracts with the https://gagarin.news/ provision of Tether (USDT) or bitcoin in the stablecoin.
To open an account on Kucoin Futures:
- Go to Kucoin, in the menu Derivatives Select item Futures Classic, to access all the platform tools, or to the tab Futures Lite, to work in a simplified interface;
- Press the button Turn on futures trading, Read the conditions for using the platform and press the button I read and agree;
- Pull the mouse cursor to the wallet icon in the upper right corner of the page, then click Futures;
- Click Deposit and translate Tether or bitcoin from a wallet to a futures account;
- If you already have funds for Kucoin, click Translate and translate Tether or bitcoin to Kucoin futures account.
Kucoin Lending is a P2P loan platform on which users borrow funds by marginal traders and receive passive income.
The profitability of issuing loans on Kucoin Lending depends on the situation in the cryptocurrency market and can reach 40% per annum. When severe fluctuations in the market occur, users more often increase their positions due to marginal trade, which increases the demand for cryptos and interest rate.
To lend crypto acts on Kucoin Lending:
- Go to the Kucoin website, enter the cursor on the menu Earn And in the opening list, click the tab Cryptoccedics;
- Select cryptocurrency in the left side menu Coin. In the menu in the middle, select the amount and rate of lending. On the right, all open orders in the credit market are displayed;
- Select a loan type: regular (Normal Lend) or automatic (Auto Lend).
When choosing a regular loan, you yourself indicate a daily interest rate: from 0% to 2%.
With Auto Lend, the platform issues funds automatically when the minimum rate indicated by the user reaches the previously indicated user. After their return, Kucoin gives a loan again.
Kucoin provides users with access to more than 700 cryptoactives, tools for passive income and dopinvesting sites. At the same time, Kucoin does not require KYC if you do not withdraw more than 1 BTC per day.
The exchange is a part of the TOP-5 Sports exchanges of SinmarketCap and is suitable for both beginners and professional traders and crypto-investors.
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