With the cryptocurrency market booming in 2017, a lot of people are investing in it to make passive income.
Passive income is the holy grail of earners. It’s what you strive for. It’s the lifestyle of many CEOs and self-made billionaires. So, what if I told you that you could earn passive income too?
Passive income is usually defined as an income received on a regular basis, with little effort required to maintain it.
In this blog post, we discuss how you can earn passive income with KuCoin, a cryptocurrency exchange platform.
What is Kucoin?
KuCoin is one of the better newer exchanges that has been growing at an exponential rate.
A lot of factors contribute to KuCoin’s success like its low fees, multiple coin support, and instant withdrawals. The great thing about KuCoin is that you can make passive income through staking their tokens.
KuCoin is a cryptocurrency exchange based in Hong Kong. The exchange was launched in the year of 2017 and has since then grown to be one of the most popular exchanges in its native country. KuCoin offers a wide range of cryptocurrencies for trading along with advanced charts and data analysis tools.
The exchange supports both fiat money and cryptocurrencies for payments, allowing users to use their credit card as well as digital currencies to buy cryptocurrencies. The platform also offers high level security, strong privacy protection and multilingual support.
How To Earn Passive Income With Kucoin?
KuCoin is traditionally well-known for its cryptocurrency exchange services. But did you know that it also pays its users for holding specific coins in their wallets?
With Coin’s referral program, you can build passive income by recommending the service to others and then earning from the trading fees that they pay.
All that you have to do is sign up for an account with KuCoin, and then click on the referral link to get your own unique referral code. Anyone who signs up using your referral link will also get a reward of 20% of the trading fees that they pay, in addition to getting discounted trading fees for 6 months.
One of the most unique features of KuCoin is their Lending Program, which allows users to earn passive income every day by loaning out your coins to other people who want to trade them.
Kucoin KCS Bonus
KuCoin offers daily payouts to their users holding the exchange’s native token KCS.
These payouts are made up of all the fees that KuCoins charges for transactions, which includes trading fees, withdrawal fees, and listing fees.
One of the most popular ways to make money in cryptocurrency is to hold a given coin and get “interest” from it. This is what people mean when they say staking. KuCoin has a neat little system for facilitating staking automatically. You don’t have to leave your computer on, babysit it, or even be involved much at all—the tokens just accumulate in your account, and you can cash them out whenever you want.
Kucoin Trading Bot
Trading with a bot can help you to trade from anywhere, and it will help you to make more profits as well. There are many people who invest in cryptocurrencies for the purpose of earning passive income. If this is something that interests you, then it is important to learn how to use the KuCoin exchange.
There are many people who have begun using the exchange, and they have been making some really good trades as well. A lot of people are using the exchange because they have found it to be incredibly helpful, which is something that you need to take into consideration before you sign up.
What Sets Kucoin Apart from Other Crypto Exchange
The low fees are something that really makes KuCoin stand out from the crowd. Most exchanges charge fees between 0.25% – 1%. At KuCoin, there are only two types of fees: deposit fee and withdrawal fee.
The deposit fee is charged when you send your cryptocurrency to your account on KuCoin, while the withdrawal fee is charged when you send your funds from KuCoin back to their original point of origin (your wallet). Other than those two fees, there are no additional trading fees at all.
Wide Variety of Coins and Altcoins
With KuCoin, you can trade your crypto for other types of virtual coins and tokens, commonly referred to as altcoins. But there’s also a coin-to-coin trading area, which allows users to trade one type of crypto (for example, Ethereum) for another type of crypto (in this case, NEO) and trading pairs such as ALGO USDT. You could also exchange your NEO for GAS or RPX or any other token listed on KuCoin’s platform.
It Has Its Own Token
Kucoin’s biggest differentiator is its KuCoin Shares (KCS) token, which is a fee-sharing token that pays dividends to users based on the exchange’s trading volume. This means that not only do you have a stake in Kucoin’s success, but you also have a personal incentive to bring others onto the platform and to trade there yourself.
Advanced trading platform
Kucoin has an advanced trading platform that allows users to view real-time cryptocurrency prices and take advantage of trade opportunities. It also has a 2-Factor Authentication (2FA) application that provides an extra layer of security for your account.
Mobile app available
Kucoin has a mobile app for Android and iOS devices that allows you to trade cryptocurrencies on the go. This is ideal for users who want to invest in cryptocurrency but don’t have a lot of time to sit in front of their computers all day long.