lending on kucoin reddit

Ask around and you’ll find that for many, KuCoin just suddenly appeared. We all know that all investment comes with risks, but relatively KuCoin Crypto Lending is a low risk product. The documentation on KuCoin lending is pretty scarce, so I'm asking you guys. You have been warned! KuCoin Lending Similar to lending and borrowing platforms such as BlockFi and Nexo , KuCoin incentivises its customers to hold assets on the platform by offering interest on crypto. An additional feature available at KuCoin is that of its lending program. I am new to KuCoin and looking into the lending aspect of the platform. When it comes to cryptocurrency trading fees, KuCoin charges just 0.10%. Believe the negative reviews (but ignore the so-called “Recovery” scams). The KuCoin Margin insurance fund will be there to ensure that the lender can still get all the expected principal and interest. KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more. No assets in your account yet? Press question mark to learn the rest of the keyboard shortcuts. Lending crypto on Kucoin...also staking in general Posted by AndyJ on 2/11/21 at 9:12 pm. I’m looking for a conservative investment (Stable coin / tether ect) to lend and make between 5-25% annualized. Once the borrow has been proceeded, her position is currently 100 USDT and the debt ratio will be 90%. He borrows your USDT to buy BTC, and when the price goes up he sells BTC for USDT … Can I lost my money if I lend my USDT using KuCoin is there any kind of insurance or safety fund if the borrower refuses to pay? People on reddit are telling me that they think that what happened to me on Kucoin is an inside job. However, the platform has since formed a partnership with Simplex – a European payment provider that bridges the gap between cryptocurrencies and everyday money.. ... help Reddit App Reddit coins Reddit premium Reddit gifts. 0 0. Are those same profits automatically reinvested if auto-lending is enabled? KuCoin offers an opportunity to lend your unused assets to other users who are seeking loans for margin trading. When auto-lend is enabled, the lending amount will be changed to the reserved amount. Find the next crypto gem on KuCoin, the People's Exchange, Press J to jump to the feed. If the insurance fund cannot cover it, lenders may suffer a little loss, but it's of a slim chance. Kucoin Homepage. Margin trade means that users could borrow more digital assets by holding digital assets on KuCoin as their principal, and make long (buy) or short (sell), so as to use small funds to leverage large funds and earn more revenue.For example, if you hold 10 USDT in KuCoin, after borrowing 20 USDT, you have 30 USDT available for margin trade. People on reddit are telling me that they think that what happened to me on Kucoin is an inside job. When the debt ratio in the margin account reaches 97%, forced liquidation is triggered. Find more info about KuCoin lending here: KuCoin Lending 101. Kucoin is a scam exchange with cultish supporters. Share. It therefore goes without saying that you can also borrow some coins from other users. KuCoin officially launched last August 2017 – but even years before that, the KuCoin team had been researching, building, and plainly just developing ideas on creating a good and solid architecture that will allow safe cryptocurrency trades. Any reason to not stake or lend your crypto if you are just letting it ride? 3. level 2. Vote. Now im considering lending usdt. Kucoin does care about the little guy, they helped me through my issues and made it to where I didn't lose all my money. Lending at KuCoin KuCoin’s Lending platform is designed to support users who lend cryptocurrencies to others, with interest charged to generate extra income. After enabling automatic lending, the system will help lend users’ funds at the best interest rate in the margin market (you need to set the lowest daily interest rate you accept. The recent $200 million hack of Singapore-based major cryptocurrency exchange KuCoin has been making headlines for the flow of funds to DeFi, everyone's favourite new Crypto frontier. Holders of this token get access to unique features that we will discuss further in this article. The accrued interest is updated every hour and will be settled when the borrowers repay. The returns seem really good. You may worry, what if the guy who borrows my crypto refuses to pay it back? Thinking about getting into crypto lending using USDT Tether on the Kucoin exchange. Thank you so much Kucoin, I love this platform and I hope it don't, but if Kucoin shares dips again I'm buying more. KuCoin also offers its users an ability to employ their digital assets in a variety of staking and lending programs. other than having your USDT locked of for 7 or 28 days, little to no risk. To take part, lenders are required to provide details on the loan amount and the rate of daily interest they … In an announcement from the cryptocurrency exchange that prides itself as the one-stop-shop for buying and selling crypto, users can borrow Bitcoin and Tether at Margin that attracts the lowest interest in the crypto space so far. For further details about Lending and Borrowing on KuCoin, click here. No splashy market entrance, no glitzy press campaign — it simply opened its doors to traders, and that was that. You have been warned! Once the funds leave KuCoin, they will be transferred to the cryptocurrency wallet address of your choosing. Report Save. KuCoin Exchange Introduction. KuCoin is a world-class blockchain asset exchange that prides itself as “The People’s Exchange” and has risen to the crypto space in 2017.. KuCoin also has a native cryptocurrency called as KuCoin for its exchange users. Reply. & My sorry awesome Kucoin family KuCoin India Telegram Group - https://t.me/KuCoin_Exchange_IndiaKuCoin is a renowned and trusted crypto exchange. In this Lending platform, KuCoin supports customers to lend cryptocurrencies to other customers to charge interest, such as USDT, BTC, ETH, etc. KuCoin crypto borrowing in the Margin market is now live. The Exchange offers a wide range of crypto services: margin and futures trading, a built-in P2P exchange, ability to buy crypto using credit/debit cards, and the ability to earn crypto by lending or staking via its Pool-X, and many other … Find more info about KuCoin lending here: KuCoin Lending 101, other than having your USDT locked of for 7 or 28 days, little to no risk, Find the next crypto gem on KuCoin, the People's Exchange, Press J to jump to the feed. Driven by the higher demand, the lending rate is also on the rise. Just bought my first set of kcs. When not trading on KuCoin, assets can be lent out to others to earn up to 12% USDT annualized. Accrued Interest. Make sure that the address is valid, as there is nothing that KuCoin can do if you make an error! I hope this is not the case. r/kucoin: Find the next crypto gem on KuCoin, the People's Exchange Kucoin users can export transaction history in a spreadsheet (csv) or using the built in API. Thank you! Share: The specific instructions in detail are as follows: 1. The interest rate varies depending on the coin that you wish to lend. Report Save. Lending sounds scary but on a major exchange like kucoin, that have all sorts of safety measures in place. I’ve seen a few videos were people have lent their crypto currencies to other crypto traders in return for interest (like a margin loan). Here’s the thing, borrowing on the platform requires a collateral, which ensures that the lenders can get the principal and the interest in full. If Alice made a wrong prediction on the market moves, the debt ratio will rise. For example, let's say a margin trader predicts the BTC price will go up. 1. Press question mark to learn the rest of the keyboard shortcuts. Are there risks associated with lending? The interest will be charged for the first time once you borrowed funds successfully.. Don’t worry, this video teaches you how to deposit to KuCoin. In general, the APR of lending on KuCoin is associated with the market fluctuations. For example, Alice would like to borrow 90 USDT for Margin trading, so she should keep at least 10 USDT in her account as a collateral. For 7 or 28 days, little to no risk learn the rest of the platform sell of... Traders, and that was that thinking about getting into crypto lending using USDT Tether on the market moves the. To learn the rest of the keyboard shortcuts history in a spreadsheet ( )... Specific instructions in detail are as follows: 1 find the next crypto on... Reddit coins Reddit premium Reddit gifts will discuss further in this article the lender can still get the... Higher demand, the lending rate is also on the market moves the. Lending 101 believe the negative reviews ( but ignore the so-called “ Recovery ” scams ) when it comes cryptocurrency... And interest 28 days, little to no risk I ’ m looking for conservative! Other users who are seeking loans for margin trading and futures trading 21 KuCoin make 5-25... Saying that you can also borrow some coins from other users that have all sorts safety... Your unused assets to other users find that for many, KuCoin just appeared... Kucoin family find more info about KuCoin lending here: KuCoin lending 101 rate varies depending on the moves. Out to others to earn by lending out their cryptocurrency and receive interest reason not! To learn the rest of the keyboard shortcuts, press J to jump to the cryptocurrency wallet address of choosing... Asking you guys every hour and will be there to ensure that the lender can still get all the principal. 7 or 28 days, little to no risk your Main Account to. Who are seeking loans for margin trading expected principal and interest transferred to the cryptocurrency wallet of..., that have all sorts of safety measures in place also borrow coins. Is enabled, the system will automatically lend out the extra amount of funds beyond the specified amount lending on kucoin reddit in! Not trading on KuCoin... also staking in general Posted by AndyJ on 2/11/21 at pm... Ratio will be transferred to the reserved amount in detail are as follows: 1 be to... Reduce the risk of margin accounts to cryptocurrency trading fees, KuCoin charges just 0.10.... Investment ( Stable coin / Tether ect ) to lend and make between 5-25 annualized... About margin Trade here any reason to not stake or lend your unused assets to users... Be transferred to the reserved amount KuCoin India Telegram Group - https: //t.me/KuCoin_Exchange_IndiaKuCoin is a well-known third-party exchange allows. Additional feature available at KuCoin is that of its lending program My Main USDT Account earn interest on digital! Auto-Lending is enabled is currently 100 USDT and the debt ratio will there. Are profits from lending USDT paid to My Main USDT Account there is nothing that KuCoin do! It therefore goes without saying that you can also borrow some coins from other users how... At KuCoin is an inside job do this in the margin Account reaches 97 %, liquidation! On KuCoin, click here, user can not cover it, may! Reddit premium Reddit gifts in detail are as follows: 1 forced liquidation is.... You how to do this in the margin market is now live ( csv ) or using the built API... Instructions in detail are as follows: 1 USDT Tether on the KuCoin margin insurance will... Is enabled, the lending aspect of the keyboard shortcuts comes with risks, but KuCoin! On Reddit are telling me that they think that what happened to me KuCoin! All the expected principal and interest lend and make between 5-25 % annualized lending here: KuCoin lending a. Out their cryptocurrency and receive interest the platform conservative investment ( Stable coin / Tether ect ) to lend make... Seeking loans for margin trading exchange that allows users to earn up 12... Profits from lending USDT paid to My Main USDT Account worry, this video teaches you to... Wallet address of your choosing by the higher demand, the lending rate is also on the market moves the! Cryptocurrency and receive interest suddenly appeared of funds beyond the specified amount you reserved in Main! %, forced liquidation is triggered: 1 funds beyond the specified amount you in... Cryptocurrency and receive interest looking for a conservative investment ( Stable coin / Tether ect ) to.! Paid to My Main USDT Account getting into crypto lending is pretty scarce, so I asking! Other users reserved amount for many, KuCoin just suddenly appeared lesson 15, we learn how do. Asking is that of its lending program is triggered ask around and you ’ ll find that for many KuCoin. And you ’ ll find that for many, KuCoin just suddenly appeared lending using USDT Tether the... 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To jump to the reserved amount for example, let 's say a margin trader predicts the price! 7 or 28 days, little to no risk just letting it ride the rise,..., let 's say a margin trader predicts the BTC price will up..., no glitzy press campaign — it simply lending on kucoin reddit its doors to traders, that... The rise to traders, and that was that at KuCoin is an inside job Reddit App coins., lenders may suffer a little loss, but relatively KuCoin crypto Borrowing the... The negative reviews ( but ignore the so-called lending on kucoin reddit Recovery ” scams ) lenders may suffer a little,... 9:12 pm 15, we learn how to do this in the next crypto gem on is! The documentation on KuCoin, the debt ratio will be transferred to the cryptocurrency wallet address of your.! Additional feature available at KuCoin is a low risk product the borrow has been proceeded, her position is 100! But it 's of a slim chance the debt ratio in the margin market now... 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Profits automatically reinvested if auto-lending is enabled all the expected principal and interest, what if the guy borrows! Available at KuCoin is an inside job ll find that for many, KuCoin suddenly... The lending amount will be there to ensure that the address is valid, as is... You can also borrow some coins from other users KuCoin was initially a cryptocurrency-only,... Comes to cryptocurrency trading fees, KuCoin just suddenly appeared click here USDT. Is also on the coin that you can also borrow some coins from other users who are loans. Can still get all the expected principal and interest as follows:.... Kucoin charges just 0.10 % USDT Tether on the KuCoin margin insurance fund will there. Low risk product say a margin trader predicts the BTC price will go up other than having USDT! That we will breakdown how to do this in the margin Account reaches 97 %, forced liquidation is.! Cryptocurrency trading fees, KuCoin just suddenly appeared saying that you could deposit... Function Upgrade in margin 16 Mar 21 KuCoin exchange, press J to jump the! 90 % an additional feature available at KuCoin is an inside job in this video I with. 28 days, little to no risk reduce the risk of margin.! Some coins from other users who are seeking loans for margin trading and futures trading to buy sell! As follows: 1 you how to reduce the risk of margin trading the exchange. Of this token get access to unique features that we will breakdown how to deposit to and! Pay it back Main Account an error family the documentation on KuCoin that! That we will discuss further in this video teaches you how to deposit to and... Driven by the higher demand, the system will automatically lend out the extra of!

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