The interest rate varies depending on the coin that you wish to lend. 1. Any reason to not stake or lend your crypto if you are just letting it ride? So in most cases, you can still get your principal and interests back, even when the borrower is unable to pay due to significant market fluctuations. Share. Hey guys! In this Lending platform, KuCoin supports customers to lend cryptocurrencies to other customers to charge interest, such as USDT, BTC, ETH, etc. Now im considering lending usdt. Believe the negative reviews (but ignore the so-called “Recovery” scams). The reason I'm asking is that I can not see the profit. However, the platform has since formed a partnership with Simplex – a European payment provider that bridges the gap between cryptocurrencies and everyday money.. Once the borrow has been proceeded, her position is currently 100 USDT and the debt ratio will be 90%. KuCoin also offers its users an ability to employ their digital assets in a variety of staking and lending programs. You may worry, what if the guy who borrows my crypto refuses to pay it back? Interest is calculated by Principal, Daily Interest Rate and Actual borrow time.You can check the accrued interest on the "Earn"--"Lend"--"Borrow" page as we show you below.. Thinking about getting into crypto lending using USDT Tether on the Kucoin exchange. Ask around and you’ll find that for many, KuCoin just suddenly appeared. 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. The documentation on KuCoin lending is pretty scarce, so I'm asking you guys. In general, the APR of lending on KuCoin is associated with the market fluctuations. ... help Reddit App Reddit coins Reddit premium Reddit gifts. 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. Earn interest on your digital assets by lending them out for the funding of margin accounts. People on reddit are telling me that they think that what happened to me on Kucoin is an inside job. Kindly check our FAQ guide about Margin Trade here. Overall, KuCoin is an established cryptocurrency exchange that offers multiple cryptocurrencies for online trading via the KuCoin trading platform. I hope this is not the case. When there is a big pump or dump, an increasing number of users will be willing to amplify their profits by Margin trading, which may boost the demand for crypto borrowing. If Alice made a wrong prediction on the market moves, the debt ratio will rise. & My sorry awesome Kucoin family 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. 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). Find more info about KuCoin lending here: KuCoin Lending 101. If the insurance fund cannot cover it, lenders may suffer a little loss, but it's of a slim chance. 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. & My sorry awesome Kucoin family There's a collateral, user cannot borrow if he/she doesn't have funds. These include: KuCoin Lend. To take part, lenders are required to provide details on the loan amount and the rate of daily interest they … Are profits from lending USDT paid to my Main USDT Account? Report Save. 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. For further details about Lending and Borrowing on KuCoin, click here. Are those same profits automatically reinvested if auto-lending is enabled? In KuCoin Academy lesson 15, we learn how to reduce the risk of margin trading and futures trading. Don’t worry, this video teaches you how to deposit to KuCoin. level 1. I am new to KuCoin and looking into the lending aspect of the platform. Are there risks associated with lending? Share: The specific instructions in detail are as follows: 1. Reply. 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? When it comes to cryptocurrency trading fees, KuCoin charges just 0.10%. When not trading on KuCoin, assets can be lent out to others to earn up to 12% USDT annualized. Kucoin is a scam exchange with cultish supporters. Make sure that the address is valid, as there is nothing that KuCoin can do if you make an error! Kucoin Withdrawals Earn Interest at KuCoin. KuCoin India Telegram Group - https://t.me/KuCoin_Exchange_IndiaKuCoin is a renowned and trusted crypto exchange. Despite not entering the market with much fanfare, KuCoin … He borrows your USDT to buy BTC, and when the price goes up he sells BTC for USDT … Lending crypto on Kucoin...also staking in general Posted by AndyJ on 2/11/21 at 9:12 pm. Vote. Meaning, the system will automatically lend out the extra amount of funds beyond the specified amount you reserved in your Main Account. level 2. 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. KuCoin offers an opportunity to lend your unused assets to other users who are seeking loans for margin trading. 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. When the debt ratio in the margin account reaches 97%, forced liquidation is triggered. Reply. KuCoin is the most advanced and secure cryptocurrency exchange to buy and sell Bitcoin, Ethereum, Litecoin, TRON, USDT, NEO, XRP, KCS, and more. Thank you! Original Poster 1 day ago. 1 day ago. Accrued Interest. Share. KuCoin is a third party exchange that allows you to buy, sell and trade lots of different cryptocurrencies.It was created in May 2017 by a group of experienced business specialists who had previously worked on projects such as Ant Financial and iBox PAY.KuCoin is one of the newest cryptocurrency exchanges in the industry. The accrued interest is updated every hour and will be settled when the borrowers repay. I’m looking for a conservative investment (Stable coin / tether ect) to lend and make between 5-25% annualized. The USDT APY rates seem super appealing, and I am just wondering if anyone in this Reddit group has used the lending platform and if so, what your thoughts have been so far. 3. 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. Just bought my first set of kcs. Users who have been trading on Kucoin since before 2019 will need to request a … Believe the negative reviews (but ignore the so-called “Recovery” scams). You have been warned! Once the funds leave KuCoin, they will be transferred to the cryptocurrency wallet address of your choosing. An Introduction to KuCoin Exchange. As per the team, the system will repay the liabilities automatically if the borrower is facing liquidation or negative balance, and the extra loss will be covered by the insurance fund if the specific coin can cover the loss. Lending at KuCoin KuCoin’s Lending platform is designed to support users who lend cryptocurrencies to others, with interest charged to generate extra income. KuCoin also provide Excellent Support, Maker & Taker Transaction Fees, Open API Press question mark to learn the rest of the keyboard shortcuts. KuCoin was initially a cryptocurrency-only platform, meaning that you could not deposit funds with fiat currency. Thus, when it reaches 97%, her position will be liquidated, and the remaining assets will be used to pay the principal and the interest to the lender. Kucoin Homepage. other than having your USDT locked of for 7 or 28 days, little to no risk. Cryptocurrency lending; KuCoin also allows users to earn by lending out their cryptocurrency and receive interest. I hope this is not the case. No splashy market entrance, no glitzy press campaign — it simply opened its doors to traders, and that was that. People on reddit are telling me that they think that what happened to me on Kucoin is an inside job. The KuCoin story is a curious one. Holders of this token get access to unique features that we will discuss further in this article. 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. The lenders only need to fill in the Loan Amount and the Daily Interest Rate (Interest rate range is from 0 to 0.2%) and the Lend Terms selection could be 7 days, 14 days and 28 days. r/kucoin: Find the next crypto gem on KuCoin, the People's Exchange Press question mark to learn the rest of the keyboard shortcuts. When auto-lend is enabled, the lending amount will be changed to the reserved amount. KuCoin Exchange Introduction. In this video I share with you the safest way I know of to invest your money in the crypto realm. An additional feature available at KuCoin is that of its lending program. KuCoin crypto borrowing in the Margin market is now live. For example, let's say a margin trader predicts the BTC price will go up. Kucoin users can export transaction history in a spreadsheet (csv) or using the built in API. 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. Kucoin is a scam exchange with cultish supporters. 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. Lending sounds scary but on a major exchange like kucoin, that have all sorts of safety measures in place. Find the next crypto gem on KuCoin, the People's Exchange, Press J to jump to the feed. In general, the APR of lending on KuCoin is associated with the market fluctuations. It therefore goes without saying that you can also borrow some coins from other users. You have been warned! Kucoin is a well-known third-party exchange that allows users to buy and sell hundreds of cryptocurrencies. No assets in your account yet? 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. The returns seem really good. 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 … KuCoin Automatic Lending Function Upgrade in Margin 16 Mar 21 KuCoin. Driven by the higher demand, the lending rate is also on the rise. Exporting data from Kucoin with CSV files. 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 KuCoin Margin insurance fund will be there to ensure that the lender can still get all the expected principal and interest. We will breakdown how to do this in the next section. The interest will be charged for the first time once you borrowed funds successfully.. 0 0. 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. Report Save. We all know that all investment comes with risks, but relatively KuCoin Crypto Lending is a low risk product. Once the funds leave KuCoin, click here this article telling me that they think that what to! Kucoin margin insurance fund will be transferred to the cryptocurrency wallet address of your choosing no glitzy press campaign it... 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