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Introduction
On this occasion I will perform question 1, where I have chosen the KuCoin platform.
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
KuCoin
KuCoin is a centralized exchange platform where we can make purchases and sales of cryptocurrencies such as Ethereum, Bitcoins, Cardano, and many more cryptocurrencies, because this platform has a wide catalog of many cryptos that we can consult on its official website. KuCoin was founded by Michael Gany Eric Tang in 2017, also in market capitalization is occupying the number 6 place.
KuCoin has the capacity to perform and operate up to more than 2 million transactions or orders per second without suffering any form of delay, stress or complication. In addition to having these features and many more, which makes this platform catapulted to high and competitive levels in the crypto market.
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This platform has its token KuCoin (KCS) and works in the Ethereum network, being an Erc-20 token that also allows that there is a reduction in the cost of commissions within the KuCoin exchange platform, in the following image we will observe the market capitalization, the place it occupies in the range and circulation, this information we obtain in CoinMarketCap.
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Basic guide on: How to use the KuCoin platform?
- To start we must access the official website https://www.kucoin.com/, to register we click on the "Sign Up" option.
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Write and complete all the required data for registration.
Then we will verify the account by selecting the "Send Code" button to send the code to the email, this is to have access to all the benefits provided by the platform.
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- We enter the platform with our KuCoin account, in the "Orders" option all our orders and operations performed, also the history of transactions.
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- In the "Assets" option we will find several types of accounts offered by the platform such as the main account, trading account, margin account, futures account, Pool-X account.
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- This is the option to make the settings of our user account on the KuCoin platform.
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- Here in this option we observe the different languages offered by the platform, next to this option we see that it says "APP" which will show a QR code of our account to use it in the application for our cell phone.
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- We select the "Markets" option, then we see all the pairs that this platform offers us in the "Spot" and "Futures" option, offering us security and comfort in the interaction in the transactions and exchanges through these options.
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- We have the option "Buy Crypto" where we can buy and sell tokens, through the purchase of USDT with Visa or MasterCard, P2P market, to perform these operations we need to have access and internet connection.
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- We can also do business in the "Trade" option where we are offered Spot Market, Margin Market, API which are the leveraged ones.
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- In the "Finance" option we will observe all the offers, bonuses, loans, referrals, affiliates that the platform offers us.
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- Here we see the option "More" where we see the news, blog, support, promotions, everything that is happening within the platform.
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- As we can see KuCoin has its community, there we will find all the social networks where we will see all the updates, information and news of the platform.
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Conclusion
In short, to investigate and learn about the different exchange platforms, to see their advantages and disadvantages, to know the centralized and decentralized ones, it is very important to have several options and choose the one that suits us best, that meets the requirements you need at the time of making cryptocurrency transactions.
In this task I registered in the centralized exchange platform KuCoin, which I found very comfortable to operate and has certain features in the interface, very similar to the Binance platform. It is also very easy to work with and understand, it offers many exchange pairs, its catalog is very wide, the registration was not complicated.
Finally, I would like to mention that it is a platform that offers security and variety.
THANK YOU VERY MUCH!