KuCoin Turn 5 years old
What is Kucoin?
Is a Centralized Trading Platform for different kinds of Crypto currency and asset. It was one of the prominent and top exchange in world market of cryptocurrency.
It also support a lot of pairings and listings from old to new blockchain network. Most of new crypto and token could be trade and found here since it adopting even the newest crypto token or NFT as long it has a potential growth on the Crypto space
Why choose KuCoin?
The platform had widely choice of way to earn profit and much easier to use than others since it had a friendly function and form of apps.
How to earn profits in KuCoin?
50% Daily Bonus APR
Receive a Dividend of 50% of trading fees
7-day annual yield up to 1.86%
By KuCoin Earn where you will stake a promotion assets or token to earn from 0.5% up to 80% of APY
Crypto Lending where you will lend your holding assets to the KuCoin user and earn % Asset Payment Return after 7days, 14days and 28 days of lend cycle.
By Burning Drop promotion where you can earn a specific set of assets by staking your USDT, KCS and ETH.
Rewards Hub where you earn a voucher or token by qualifying and reach the specific challenge task to be done.
Kucoin had a variety of way to trade such as Spot Trade,Margin Trade ( Isolated and Cross Margin), Future Trade, Trading Bot and P2P trade.
Is a type of trade where you buy or sell a specific trade through stable coin called Tether USDT. You can either post a conditional set of trade or post a market trade.
Limit - is to buy or sell the asset on the market when it reach on the price you set
Stop Limit - is to buy or sell the asset on the conditional set of your price
Market - is to buy/sell the asset in market price.
Stop Market - is to buy/sell the asset on conditional set of market price.
Is a type of trade where you can earn more profits by borrowing asset to trade by collateralized your asset where it could be liquidated once the margin ration reach the limit.
Cross Margin trade which usually had only 3x leverage up to 5x leverage of the assets pairing means you can only borrow up to the equivalent value after 5 times or 10 times multiplied the total assets you had in your cross margin account.
Isolated Margin Trade which usually had 5x up to 10x leverage of the assets pairing means you can borrow up to the equivalent value after 5 times or 10 times multiplied the total assets you had in your Isolated pairing assets account.
Margin Ratio is the ratio limit where your borrowed assets will be liquidated. mostly once you reach loss of -70% PnL after the calculation of the ROI at the market current price in your order price after you borrow an assets you'll be liquidated.
The conditional set is same with SPOT TRADE
Is a type of trade where you do a term contract either a long or short with a set of either cross or isolated margin with your leverage margin choice. this type of trade is complicated but easy to understand if you follow the word " Guess the Price market" since the this kind of Trade is more profitable by correct guessing of the market direction if its going to pump or dump in a next few minutes or hour.
Futures trades key function
Long Term - is to position the contract term trade by buying the asset on opening position margin and selling the asset on the closed contract. (to easy understand you'll gain a profit once your entry price is lower on the current market price and you'll loss a margin if your entry price is higher than the current market price.)
Short Term - is to position the contract term trade by Selling the asset on opening contract and buying an asset on closing contract.(to easy understand you'll gain a profit once your entry price is higher on the current market price and you'll loss a margin if your entry price is lower than the current market price.)
Cross Margin - Is type of positioning trade where your total margin trade is crossing through your total asset value and keep your contract trade be more elastic or widely longer in limit before liquidated.
Isolated Margin - Is type of positioning trade where you set an isolated total asset value to be trade.
Leverage - Is an option to your future trade where you multiply the Contract set to gain more profits but at the same time it will lower your ratio limit to be liquidated.
Liquidation - Is the limit of your contract position to be loss.
TP/SL - is the function where you put a target price to closed your contract trade and set it as Take profit or Stop loss.
Is a peer to peer trade where it manually trade where you buy or sell at your own discretion in price. If you have a enough money to invest here then its good for you to apply a P2P Merchant so you can enhance your peer to peer trade in your region and open a path for your region to have a place to deposit and withdraw.
Is a kind of trade that was automatically trading by timeline with the price range condition the user set. In KuCoin there is 5 types of Trading Bot which is the following
a. Spot Grid
A trading bot for Spot trading where the strategy is seeking a profit from market fluctuation by positioning a buy or sell orders. The Bot will automatically place a buy orders when the price of your chosen asset will drops and it will automatically place a sell order of your chosen asset once it climbs over the based currency at set intervals around your set price.
b. Future Grid
A trading bot which is an upgrade version of the classic grid trade bot/ Spot grid bot which is capable of going short or long term contract trade of the asset og your choice.
c. Smart Rebalance
Is a classic trade bot that usually used in tradition investment strategy where the core of the strategy is to increase and emphasized the total amount of your assets by selling high and buying low while maintaining your portfolio to be stable and balance.
d. Infinity Grid Strategy
Is a type of trading bot that suitable for volatile and rising market where the bot will only sell for profit.
e. DCA (Dollar-Cost Averaging)
Is a type of trading bot in KuCoin where an Investment strategy in which an investor divides up the total Investment across periodic purchase of a specific target asset of the user.
To understand better the Trading bot please proceed in KuCoin and watch the video how?