Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Kucoin => Topic started by: Adams-Richard on July 25, 2023, 06:53:36 AM
-
(https://i.imgur.com/lW5uRo0.png)
Is it just me, or have you guys also noticed how active KuCoin Earn is in launching fixed and flexible promotions for a multitude of its supported assets these days? It's no wonder that when asked about the best crypto-staking platform, KuCoin Earn comes to mind, whether you're a KuCoin user or not
Not only that, KuCoin Earn has come up with an exciting idea to introduce a weekly staking activity called "Earn Wednesday Week," wherein the KuCoin Earn team offers a range of high-yield earning products.
To give you an idea about the mentioned event, below is the image for the "Earn Wednesday Week 6" which was launched over a week ago. In this event, you have various asset options to choose from, like staking, savings, fixed-term investments, promotions, and other financial products. You can pick the ones that suit your needs and risk preferences best.
(https://i.imgur.com/TKz3F9f.png)
Screenshot Image by KuCoin
If you love earning passive income, this weekly event is definitely something to look forward to. It's already Tuesday, which means tomorrow they'll announce "Earn Wednesday Week 7. Do you guys share my curiosity about the series of high-yield products they'll offer this time?
Just a heads up, though. If you're planning to take part in Earn Wednesday Week 7 tomorrow, make sure to subscribe to your favourite asset before it gets sold out. Also, you might encounter an asset that doesn't say "ended" or "sold out," but instead shows "Accruing." This simply means the subscription period has finished, and the investment is now generating the promised returns.
(https://i.imgur.com/d9j3CPf.png)
Screenshot Image by KuCoin
Imagine you're attending a special event, and there are limited spots available. When the event is open for registration, you'll see the option to sign up. Once all the spots are taken or the registration period ends, it will show as "Accruing." This means the event has started, and those who signed up are already enjoying the experience. Just like a train that has departed the station, you won't be able to join in anymore until the event comes to a close.
Anyways, I'm about to wrap up the blog now. If this post has sparked your curiosity to learn more about various financial options for passive income or specifically the KuCoin staking platform, feel free to click here (https://www.kucoin.com/blog/everything-you-should-know-about-kucoin-earn) to explore more about KuCoin Earn.
-
I am a KuCoin user and I trade there as a trader, Earn was invented mostly for those who trade on weekly candles so that the money is not just lying around and can bring at least a minimum percentage, for everyone else it can be a trap, I mean the tokens that are there, it is one thing to put USDT there and another thing to put highly volatile tokens that can bring you a big disadvantage while they are there.
-
I am a KuCoin user and I trade there as a trader, Earn was invented mostly for those who trade on weekly candles so that the money is not just lying around and can bring at least a minimum percentage, for everyone else it can be a trap, I mean the tokens that are there, it is one thing to put USDT there and another thing to put highly volatile tokens that can bring you a big disadvantage while they are there.
Similar to Binance, KuCoin also has Flexible Savings so users can redeem tokens whenever they want without having to wait for many days like Staking. Of course, during the process of participating in KuCoin Earn, users cannot set Limit or OCO orders for crypto assets, which is a trade-off. I think Earn is not a way to make big profits, it is just additional income for long-term holders. Because it is safe, the profits are quite low, experienced traders often choose to trade regularly to generate greater profits from their assets.
-
These are centralized exchanges. Why letting the centralized exchanges hold your coins for you to earn little in return. You need to consider the risk which is if the exchange is hacked and customers were not refunded or taking long to refund their customers like MT. Gox. If I have bitcoin, I will prefer not to use it for what will bring little amount of money that bull run can bring far more. If it is altcoins, you can stake them on noncustodial wallet.