Ku coin is one of the best cryptocurrency exchanges. As compared to other cryptocurrencies, the Ku coin facilitates its users. It provides low trading fees. Ku coin has more than 10 million users. Mr. Johnny Lyu is the CEO of Ku coin exchange. It was established in 2017 in Victoria, Seychelles. Ku coin’s headquarters is located in Singapore; however, it has four main offices in China, the Philippines, Singapore, and Thailand. The symbol of the Ku coin is KCS. The current value of the Ku coin is 10.3961$ per KCS.
Reliability Of Kucoin
Ku coin is one of the best reliable cryptocurrency exchanges. It provides a high-security level to its users, due to which its sell purchase is much easier than others. For that reason, it holds more than 10 million customers worldwide. Ku coin saves different cryptocurrencies such as BTC, ETH, etc.
Bitcoin
BTC stands for bitcoin. It is a decentralized digital currency. The author of bitcoin Satoshi Nakamoto was started in 2009. With the help of bitcoin, people can easily send money over the internet. In the previous months, the value of bitcoin changed between 30,000$ and 60,000$. Bitcoin can be easily converted into cash by using a third-party exchange broker. Bitcoin is not physical money that can be exchanged by banks or monetary authorities such as other currencies like the dollar. It is a type of digital currency.
USD Coin
Like Bitcoin, another digital currency is the USD coin USDC, a digital stablecoin collateralized by fiat money such as U.S. dollars. It is a kind of token. It was initially announced in May 2018 after 3 months. It was completely launched in September 2018.
In December 2021, more than 42 billion USDC will be circulated in the system. With the help of the USDC cryptocurrency sector, it becomes more friendly for its users as the USD coin permits other companies to form their wallets and exchanges. USD coin runs by a consortium called a center established by a circle. It is also a cryptocurrency.
Advantages Of Buying USD Coin
- Its value is always designed to be stable.
- The U.S. government does not issue it.
- It is an open-source project, so people can easily participate in the code.
Uses Of USD Coin
Due to the low-price volatility S.D. coin can be used in various ways, such as;
- Hedge against volatility.
- Price in fiat money.
- Stable price-pegging.
- Remittance.
- U.S. dollar exposure.
- Hedge against inflation.
- Global crowdfunding.
- Blockchain interconnection.
USTC
It is another stablecoin. USTC is considered pegged to the U.S. dollar. USTC stands for terraclassic USD. Its current value is about 0.0567249$ per USTC.
Pros Of Stablecoins
- It has low fees.
- It remains stable.
- It provides a comfortable bridge to cryptocurrency use.
- Regulatory processes involved.
- Earn money in various ways.
- These are reliable and safe coins.
Conclusion
KuCoin provides one of the most sophisticated security. It is continuously upgrading our security systems to satisfy the security of user assets and accounts.
