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KuCoin provides a lot of useful products for its users, KuCoin leveraged token, KuCoin Earn and KuCoin’s Trading Bot.
KuCoin is a cryptocurrency exchange for buying and selling of cryptos. KuCoin was created by Michael Gan and Eric Don. Michael started coding at the age of eight and founded his first startup at 16. Introduced to Bitcoin in 2012 by his boss Eric, he realized that the largest platform at the time was difficult for beginners to use when he tried to sell some on Mt. Gox. This led Michael and Eric to create KuCoin, a system that supports every layman.
KuCoin and its Products
The KuCoin leveraged token is a new type of derivative launched by KuCoin, which is a tradable asset in the KuCoin spot market. These tokens leverage profits and aim to provide a multiple of profit of the asset by trading leveraged token shares. The tokens are named using the currency type, multiple of profit, and long or short direction.
Leveraged tokens don’t expire or have a due date, and they don’t have a negative value either. The risk of liquidation is absent regardless of the change in the token’s price. These tokens are managed by fund managers.
Trading in KuCoin leveraged tokens doesn’t require paying a margin or borrowing funds for margin trading. Users holding at least six KCS receive a 50% bonus, which comes from KuCoin’s daily profit.
What is Kucoin Earn?
KuCoin Earn is a professional asset management platform accessible through the KuCoin website that offers everything a serious investor needs to earn meaningful income in cryptocurrencies. It includes several profit-yielding products and services with various options that investors will find attractive.
KuCoin Earn is unique in many ways, but one of its most significant selling points is its flexibility. Users can invest and earn in their preferred digital asset.
The KuCoin Trading Bot
Users can now use a clever trading tool to automate their trading strategies for over 250 different digital assets. The tool works 24/7 on their behalf, and it tracks market volatility and arbitrage without needing to keep a constant eye on the market. This tool enables investors to easily earn passive income, even while sleeping or during volatile market conditions.
Running a bot may seem complex at first, but investors can program the bot to run trades, take profits, or make near-perfect trade entries. Investors can also choose to go short when the market goes south.
Trading bots offer several advantages, including reducing repetitive work, seizing trading opportunities, and reducing trading risks. For example, using a trading bot can help investors execute trades 24 hours a day, monitor market holdings, and carry out arbitrage with the flow of the market.
There are five trading bots available on KuCoin designed for different strategies and trading patterns. These include Spot Grid, DCA, Futures Grid, Smart Rebalance, and Infinity Grid.
However, the Spot Grid Strategy Bot is designed to automate buying and selling on spot trading using grid trading, which is a type of quantitative trading strategy. The bot places orders in the market at preset intervals within a configured price range, creating a grid of orders at incrementally higher and lower prices.
The Downside of TradingBots
A survey by Adam Cochran reveals that only 38% of users say they use bots, but this number rises to about 86% if the amount of money moved is considered. There are hundreds of these bots online, most of which are overpriced and not very good. However, institutional investing is done by trading bots, as professional traders have strategies that need automation. These bots are only as good as the trader commanding them and need to be changed constantly to reflect changing condition
Summary
KuCoin Earn is a platform for serious investors to earn income in cryptocurrencies. It offers profit-yielding products and services with various options, including a trading tool to automate strategies for 250+ digital assets. The tool tracks market volatility and arbitrage without needing constant monitoring, enabling investors to earn passive income even while sleeping or during volatile markets.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos, or other related indexes comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
