KuCoin allows deposit in USD and purchase of crypto through fiat account
The world’s leading cryptocurrency exchange KuCoin (KCS / USD) has launched the KuCoin Fiat account, which allows users around the world to deposit US dollars (USD) to KuCoin using a credit or debit card, it has learned. Invert in a press release. They can also buy Bitcoin (BTC / USD) and other major cryptos.
Converting Fiat to Crypto is No Longer an Obstacle
The first and foremost hurdle that newcomers to the crypto industry tend to face is converting fiat to crypto. KuCoin launched the fiat account to complement the P2P Fiat Trade and other fiat-related services that already exist on the platform as well as Simplex, Banxa and BTC Direct among the third-party fiat gateways currently available. This will help create a safer, more user-friendly fiat channel with lower fees.
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Johnny LYU, CEO of KuCoin Global, said:
As a “People’s Exchange”, KuCoin continues to improve the experience of all categories of crypto investors by introducing advanced products with less complexity and lower fees. The KuCoin Fiat account will help attract more intentions on board, contributing to the massive adoption of crypto to come.
KuCoin will support over 50 fiat currencies in the near future
Visa or Mastercard holders can deposit USD directly into their fiat account with KuCoin before using Fast Buy to convert it into the crypto asset of their choice. In the near future, KuCoin will support 50 other fiat currencies, such as EUR, AUD, GBP and RUB.
KuCoin rewards users with 50% off purchase
To celebrate the launch, KuCoin will be offering the first 100 users who buy Tether (USDT / USD) through KuCoin Fiat account using Visa, Mastercard or Libra a 50% discount. This rewards campaign will run daily from 6:00 p.m. on November 2, 2021 to 6:00 p.m. on November 5, 2021 (UTC).
A global stock exchange for hundreds of assets
KuCoin is a global cryptocurrency exchange for over 400 digital assets. It currently provides P2P fiat trading, futures trading, spot trading, margin trading, staking and lending to its 8 million users in 207 countries and regions around the world.
It is currently the fifth largest crypto exchange according to data from CoinMarketCap after securing $ 20 million in Round A funding from IDG Capital and Matrix Partners in 2018.
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