What Fiat Trading Pairs Does KuCoin Support ?

 Introduction :

Cryptocurrency trading pairs allow investors to trade different cryptocurrencies with other digital assets (ETC/BTC) or with traditional currency (ETH/EUR).

However, trading pairs can also be risky, as they often bring volatility to the market.

The trading pair of a cryptocurrency may differ from traditional currency markets.

For example, bitcoin is also traded as: Bitcoin cash, Cardano, Ethereum classic and Monero, respectively (BCH/BTC), (ADA/BTC), ETC/BTC and XMR/BTC.

A cryptocurrency's trading pair is tied to its intended use case.

This is because an inflationary cryptocurrency with no fundamental value would likely have a less stable trading pair compared to a real currency because it would quickly lose value over time.

Several cryptocurrency platforms allow users to convert between their trading pairs.

In some cases, this may require technical knowledge as one needs to access private keys and blockchain information on the different platforms' websites, as well as viewing Kucoin price pages.

Some platforms also allow users to convert their trading pairs through app-based transactions instead of requiring a browser visit first.

Trading pairs can be beneficial as they allow investors to make quick profits by speculating on the price movements of two cryptocurrencies at once.

For example, a trader could buy bitcoin and sell ether at the same time so that they can profit from an increase in the value of both cryptocurrencies at once.

Since speculating on several assets at once involves several risks, such as market volatility, it may be a beneficial practice for some investors but not for others.

In addition, most exchanges require users' accounts to be fully verified before allowing them to create these types of transactions via direct transfers between two cryptocurrencies or with traditional currencies like the US dollar or the British pound.

Considering that cryptocurrency markets are still very young and unregulated compared to traditional markets like stocks and bonds, there are still plenty of opportunities to profit by creating suitable cryptocurrency trading pairs with other digital assets or traditional currencies like the US dollar or British pound.

However, these strategies require good preparation and caution due to the frequent volatility of these markets as it is still a very new technology in global finance.

Chapter I: About Fiat Trading Pairs

Section I: Launch of trading pairs by “Kucoin” in Euro to facilitate cryptocurrency trading in the European market and the 1st exchange that supports BRL (Brazilian Real) transfers via PIX after the new policy of the Central Bank

Let's define "PIX" which is a fast and secure payment initiative that provides cheap digital transactions to Brazilian traders.

Brazilian Real (BRL) is a currency of Brazil.

The new central bank policy changed the rules regarding the conversion of “BRL” into other currencies, including the new limit of “BRL” in USD per day.

With the new “BRL” trading pairs, “BRL” holders can easily transfer their funds to other cryptos or fiat currencies via “KuCoin”.

With the new “BRL” trading pairs, “KuCoin” can also provide a wider range of services to traders.

However, some believe that the new BRL trading pairs will only apply to US traders and will not be available for European clients.

The latter who have also benefited from a free service called “SEPA transfer” allowing them to buy cryptocurrencies in euros, and free of charge!

Others believe that the new BRL trading pairs will have minimal effects on the trading volume of other cryptos.

Overall, the new BRL trading pairs will add another option for BRL holders to easily transfer their funds to other cryptos via “KuCoin” and will be a welcome addition.

This will make it easier for BRL holders to diversify their investments and get a better return on their funds.

 

Section II: Fiat trading pairs provide a better fiat to crypto trading experience with high liquidity and security for crypto users everywhere

Fiat trading pairs allow users to easily exchange a traditional currency for any cryptocurrency they wish to use.

This is useful because fiat trading pairs provide users with a safe and easy way to get involved in crypto.

The main disadvantage of fiat trading pairs is the trading fees they require.

However, these trading pairs provide a safe and easy way for non-crypto users to get involved in crypto.

Fiat trading pairs offer non-crypto users a way to exchange a traditional currency for a variable (e.g. Bitcoin) or stable (e.g. USDT) cryptocurrency.

This protects users' money from cryptocurrency volatility and gives them instant access to traditional currency.

Additionally, fiat trading pairs are highly regulated and protected by law.

This means that users can trade with confidence knowing that their money is safe.

 

Chapter II: How to Buy, Sell or Trade Fiat Trading Pairs on “KuCoin”?

Fiat trading pairs on “Kucoin” allow you to easily exchange one cryptocurrency for another.

Fiat trading on “Kucoin” is quite simple;

You can buy or sell cryptocurrency using your credit cards, wire transfer, P2P or third party.

“Kucoin” allows you to instantly buy and sell cryptocurrencies, making it easy to trade fiat pairs.

To start buying or selling cryptocurrencies on “Kucoin”, first open an account with a deposit of at least 30 euros.

Next, head to the Trading section and select the Favorites option from the top bar.

From here, you can select any cryptocurrency pair you want to buy or sell by clicking on its name and then selecting Buy or Sell from its respective menu box.

You can make even more transactions using your favorites.

Simply hover over each favorite to see how many trades have been made in that particular pair.

“Kucoin” allows you to buy cryptocurrency, secondly to use the services of the trading platform and thirdly to learn more about the trading platform and its cryptocurrencies, using the learning section.

Although “Kucoin” requires users to verify their accounts before they can use its services, the platform provides enough information on how to do this through the help sections of its websites.

Once verified, users will have access to a wide range of altcoins as well as margin trading capabilities for cryptocurrency via credit cards or other forms.

Although some traders may find it easier than others to buy and sell crypto via a cryptocurrency/Fiat pairing on “Kucoin”, this does not necessarily compromise user security since all required information is provided by the “Kucoin” website.

"Kucoin" is in an easy-to-understand language before users are allowed to access its services.

 

To register on “Kucoin”, please visit the link below:

 https://www.kucoin.com/ucenter/signup?rcode=rB3PP68

Sources of additional information:

https://bit.ly/3K0PoN6

https://bit.ly/3QorD3X

https://bit.ly/3w2ZuHA