- Ranas Shakirov
- 5 min.
The Cryptorobotics trading terminal has expanded its list of crypto exchanges
KuCoin is one of the new and most popular exchanges among users. After launching the platform in 2017, this project was able to take the first position among other crypto trading exchanges in a few months. In this review, we will find out why this platform is so popular and how users can start trading on the exchange through the Cryptorobotics trading terminal.
How does KuCoin work?
KuCoin is a platform for exchanging and trading cryptocurrencies that offers margin, futures, and spot trading. Today, traders and investors have access to a wide selection of digital coins, since dozens of cryptocurrencies are represented on the crypto exchange, including BTC, ETH, USDT.
KuCoin has its own trading terminal with various tools needed to trade cryptocurrency. The terminal contains basic analytics, charts, and indicators. Users can use both the web version of the terminal and the mobile version for Android and iOS devices.
In order to replenish the account balance and withdraw funds, users can use debit cards, crypto wallets, and electronic wallets. The platform also offers an affiliate program (payments for referrals) and contests with cash prizes.
History of creation
The KuCoin crypto exchange was created by specialists who previously had experience working with projects such as Ant Financial, iBox PAY, and other large projects in this field of activity. The goal of the launch of this project was to develop a simple and secure platform using modern technologies for users around the world.
The project development team was fully formed only in May 2017, and the platform was launched in August 2017. After that, users have been presented with the KuCoin app for Android and iOS smartphones. Since its inception, the platform has boasted an impeccable reputation for making the platform as secure as possible. The proof of the reliability of the KuCoin exchange is that it has never been hacked.
The KuCoin exchange also has its own token called KuCoin Shares (KCS). Any registered user can purchase this digital coin. Buying this digital coin gives you an opportunity to pay a low fee.
At the moment, KuCoin is one of the best cryptocurrency trading tools. The platform supports various languages such as Russian, English, German, French, Spanish, Portuguese, and some Asian languages.
Registration and verification
The registration process on KuCoin does not require complex activities. To register on the exchange, users just need to follow these steps:
- Go to the official website of the KuCoin exchange.
- Choose a language.
- Click on the “Register” button.
- Enter your email address and password (2 times).
- Click “Next”.
To confirm registration, the user needs to follow the link that will come in the letter to the mailbox specified by the user.
This completes the process of creating an account. The exchange does not require identity verification, so users do not need to send passport details, etc. In order to connect two-factor authentication, you will need to connect to the Google Authenticator system.
Features of KuCoin crypto exchange
- Low fees.
- Ease of use.
- Support for many languages.
- A wide selection of cryptocurrencies.
- Security (KuCoin exchange has never been hacked).
- Lack of identity verification.
- Anonymous trading.
What Cryptorobotics’ tools can be used to trade on the KuCoin exchange?
As we said, KuCoin is now available in the Cryptorobotics trading terminal. To trade on this exchange, users can use all the tools of the Cryptorobotics platform, including algorithmic functions (Trading bots, Signal trading, Autofollowing, OCOs, or smart orders).
Let’s take a closer look at each of them.
OCOs, or smart orders – this function allows users to simultaneously place limit and stop-limit ask or bid orders along with Stop Loss, Take Profit, Trailing. This tool allows traders to increase the chances of making a profit and minimize the risks of losing funds.
Trading bots are software that has been developed to buy and sell cryptocurrencies on various exchanges. The main goal of this development is to increase income and protect traders from losing funds.
Signal trading is an algorithmic function that is designed to enter trades based on the signals received from analysts, created as a result of the analysis. The essence of this function is that the analyst informs the trader about possible profitable trades on cryptocurrency exchanges. Orders can be executed automatically, by setting all parameters in accordance with the analyst’s forecast, or you can change the setting depending on your preferences.
Autofollowing is a fully automatic feature that makes cryptocurrency trading much easier and more efficient. This function works as follows: the bot receives signals from analysts, processes them, and then it starts to enter trades. You set up the Autofollowing tool only once, and then all you have to do is monitor the effectiveness of the signal execution.
Besides algorithmic tools, you can also use all manual trading tools and set up additional features such as market orders, limit, and stop-limit orders.
How to buy crypto on KuCoin through the Cryptorobotics platform?
In order to start buying the crypto on the KuCoin exchange through the Cryptorobotics trading platform, you need to follow these steps:
2). Create an account on the KuCoin exchange.
3). Link your account to the Cryptorobotics trading terminal using API keys.
4). If there are no funds on the crypto exchange, then you need to transfer funds to the exchange wallet (you can find all the necessary instructions on the Cryptorobotics platform).
After registration is complete, you can start manual or algorithmic trading using OCOs, or smart orders, Trading bots, Signal trading, or Autofollowing.
Summing up, it should be noted that the KuCoin platform is a successful project, the functionality of which is built on modern technologies. This platform allows users to use various trading tools. The platform also offers a wide selection of digital coins, including the most famous tokens and stablecoins. All these facts indicate that KuCoin has excellent prospects in the cryptocurrency market.