KuCoin is a significant cryptocurrency exchange that allows users to buy, sell, and trade digital assets. The platform also enables margin, futures, and peer-to-peer (P2P) trading in addition to conventional trading choices. Users can also earn incentives by staking or lending their cryptocurrency. KuCoin has cheap trading fees compared to some of its competitors, making it an appealing alternative.
Earning passive income is one of the easiest ways to get through the crypto market’s fall. KuCoin, the world’s most popular altcoin exchange, offers a variety of financial vehicles via which users can generate passive income, including Crypto Lending, Trading Bot, and KuCoin Earn.
Refer to the preceding articles to lend out cryptos and develop a trading bot to produce money for you. This blog will lead you through the KuCoin Earn process and show you how to earn a consistent income in a volatile cryptocurrency market.
- What is KuCoin Earn, and how does it work?
KuCoin Generate is a KuCoin-developed wealth management tool that allows users to earn passive income. There are presently over 50 assets supported, as well as some products such as Savings, Staking, Flexible Staking Promotion, Fixed Staking Promotion, and others.
- KuCoin’s Benefits: Earn Double Rewards
KuCoin Earn is a cutting-edge staking platform that allows users to increase their earnings by staking profits and POL mining rewards. The POL mining power evaluation system calculates POL income.
A high degree of adaptability
KuCoin Earn’s products are highly versatile and diverse. Choose the most significant goods for you and free trade on the market.
Various Staking Options
BTC, USDT price, USDC, ETH, USDD, CPOOL, and other cryptocurrencies are available.
- KuCoin’s Products Help You Save Money
It’s similar to saving with a bank, where you can deposit your assets and earn a reasonable interest. The plan is adaptable, allowing you to subscribe and withdraw funds anytime.
Savings allows you to put your cryptocurrency to work for you, generating a consistent daily profit. For example, USDT savings will enable you to earn a 5% to 8% annual percentage rate. As a result, you should put your money into a Flexible Savings Account rather than the Main Account.
Staking is the technique of locking your digital assets on a Proof of Stake blockchain for a defined amount of time. This not only helps the network but also earns you staking incentives.
It’s a product with a finite number of subscriptions and a finite period for users to subscribe. It usually provides better returns than savings and Staking. There are two forms of stake promotion: flexible and fixed stake promotion.
Users of flexible term products can withdraw their funds at any time. The funds will be automatically redeemed to their account at the end of the period. Fixed-term goods often provide a greater yield than flexible-term ones.
Two tech geeks who were early blockchain users are behind KuCoin. Michael, who began computing at the age of eight and launched his first company at sixteen, instantly began mining BTC after hearing about Bitcoin 2012 from his supervisor Eric in 2021. However, when he attempted to sell some BTC on Mt. Gox, he discovered that the world’s largest platform at the time was challenging to navigate for newcomers.