1-) Choose any of the following exchanges and develop a basic guide on how to use it, indicating whether it is decentralised or centralised. Huobi, KuCoin, Waves Dex
I chose Kucoin Exchange to answer this question. I've heard of Kucoin before in various media, but I haven't had the opportunity to research it. In this way, I will have the opportunity to both do my homework and examine a stock market that I was already curious about.
First, let's talk about the general features of this stock market. KuCoin Exchange was established in 2017 in Seychelles. At the time of writing this article, KuCoin exchange was in third place among spot exchanges after Binance and Coinbase Exchange. Over 200 cryptos are listed on KuCoin. In addition, its trading volume and liquidity are relatively high.
The founder and chairman of this crypto exchange is an entrepreneur named Eric Don. The native token of the KuCoin exchange is KuCoin Token (KCS). KCS is an ERC-20 Token and is also supported by most Ethereum wallets. One of the priorities of the KuCoin exchange is to strengthen the KCS token. According to the information on Coinmarketcap, the KCS token is currently ranked 81st and the price of this native token is around 22 USD.
KuCoin exchange has both decentralized and centralized features. Therefore, we can say that this exchange is a hybrid exchange.
Let's take a look at how to register and trade on the KuCoin Exchange. First, we go to kucoin.com and click the Sign Up button in the upper right corner of the page.
In this section, we will talk about registering to KuCoin.
After clicking Sign Up button and entering the phone number, password, referral code if any, the membership will be completed.
Depending on your preference, you can also sign up by e-mail.
After filling in the relevant fields, the membership process is easily completed and a screen like the one below appears.
After the membership process is completed, you can send money or cryptocurrency to your account and perform trade transactions.
Later successfully completing the membership, we will need money for the processing we will do. For this, you can perform your transactions by pressing the Buy Crypto button located at the top left of the main page. Here, users are presented with three options.
In this option, you can purchase with your MasterCard or Visa card. You need to select the cryptocurrency you want to buy in the "buy box". USDT, BTC, or ETH options are available. In the "Pay with" box, you must enter the currency in which you will make the payment. You can enter USD, EURO, or your country's currency. Since I'm Turkish, I first checked the TRY option and saw that it was available. This seems to be a big advantage for me because TRY is not available on many exchanges.
In this option, it is possible to buy USDT, BTC, ETH, KCS and USDC tokens. In order to do this, as in many exchanges, it is necessary to complete the KYC process. After KYC, you enter the Token and amount you want to buy here. You start the process by pressing the Place Order button. Then you go to the order page and confirm the amount. After the seller approves this trading transaction, the sale takes place and the amount you want to buy reaches your wallet.
In this option, you can make purchases via credit cards or third parties such as Apple Pay. The currencies you want to spend are quite diverse, just like in the first method. In addition, the token you want to buy is not limited to only BTC, ETH and USDT. You can easily buy many coins listed on KuCoin with this method.
After clicking on the trade tab at the top left of KuCoin.com's homepage, trading can be started. When clicked here, a classic stock market page welcomes us. On the left side of the page, there is a graph of tokens. From here, the token to be traded should be selected. The chart has been inserted from tradingview and the indicators can be added to the chart and drawings can be made. The order book is located on the left side of the graph. The orders given for the relevant token can be easily followed here.
When we scroll down on the first page, the relevant token buy or sell transactions can be performed and open orders can be followed.
As can be seen so far, KuCoin is very simple to use, as well as offering other features to the users of this exchange.
It provides bonuses to users with the KuCoin Shares feature. In this way, even small amounts of profit can be obtained.
In addition, this exchange provides 24/7 customer support. For beginners or users who have problems during trading, this feature will easily find someone relevant.
KuCoin exchange has found its place among the important exchanges with its rich crypto diversity and high liquidity. More than 200 cryptos are listed on this exchange. It allows you to buy crypto money with a credit card, P2p, or methods such as Simplex, Banxa and provides high security. In addition, low transaction fees are also a plus of this exchange. In addition, people have the chance to earn money by staking.
#club5050 😀
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