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 exchange
Kucoin exchange is a centralised Cryptocurrency exchange known worldwide as a top notch exchange which is user friendly with a low transaction fee. It was established in 2017 by Michael Gan and Eric Don who located their headquartered in Singapore. They have a 24 hour customer service responsing to people questions and problems to provide the best service.
Kucoin exchange has a website and a mobile application for easy of their user. Centralised Cryptocurrency exchange most time offer low transaction fee with high withdrawal fee but Kucoin Offers a low withdrawal fee. They also do not make know your customer (kyc) compusory like most other exchange but instead they put some limit to the transaction a user can do without a kyc verification.
Kucoin exchange did an initial coin offering for their own token in 2017, the name of the token is Kucoin shares (kcs). Kcs is used as a utility on the Kucoin exchange and more power will come to the token as they plan for a decentralized exchange with the help of their own network called kuchain.
Basic guide on Kucoin
To register a Kucoin account visit the website here or on the mobile application, then click on the options icon on the upper left concer. Now click sign up to fill in the required details. You can sign up using either your mobile number or a Email. Input the phone and request for a verification code then proceed to input a password. Below are screenshot for the process.
After that I strongly recommend that you download the mobile application with the link here for easier navigation of Kucoin exchange.
Below are the details of some of the function on the mobile application and their functions just to serve as a guide on the Kucoin exchange.below is a table of the icon On the home page and their function in simple English, we have ;
| Options | function |
|---|---|
| Search button | To search for coin pairs available for trading |
| New outlet | To get update from Kucoin exchange |
| Profile options | on the top left side, to login into the application |
| Bell icon | To view messages from all notifications on the application |
| Buy crypto | For transaction with local currency including the p2p |
| Community button | Access to link for all their social media pages |
| Crypto lending | To get to borrow token |
| Staking | Access to earn by staking options |
| Top gain/ top loser | indicating the best gaining and best losing pair of coin on the exchange |
| Market button | To access the details of pair of coin available on the exchange |
| Trade button | To access where transaction take place |
| Future Button | to access where future trading takes place |
| Asset button | To access the wallet on the exchange. |
Below is a screenshot indicating those button in order.
Conclusion
Kucoin exchange has been since it's was created having over five million user and about 100 million volume of transaction per 24 hours, increasing pair of token on the exchange by analysis the project and consideration from their users opinion. The management of the company is the reason why it is classified as a centralised Cryptocurrency exchange.