While KuCoin celebrates the 3rd anniversary of futures worldwide with a special campaign, it highlights in 4 steps what all crypto users should pay attention to when trading on exchanges.
Cryptocurrencies, which have become the focus of investors towards the end of 2020, also attract great attention in our country. While Turkey is among the world’s leading countries in the use and adaptation of cryptocurrencies; It also reveals the interest of many investors in this field in our country. While in a bull cycle, many investors can profit from almost all cryptocurrencies, when things turn upside down, it can be difficult to make a profit when they enter a bear market. Regardless of the conditions in the market, there are certain issues that investors should pay attention to when investing in cryptocurrencies.
KuCoin, which is preparing to celebrate its 5th anniversary this year, continues to organize campaigns that offer opportunities to its users in various fields, starting from a secure infrastructure of the stock exchange and taking into account the technology adaptation in which the market is rapidly developing. It is sensitive to informing its users accurately as much as the campaigns. In this sense, KuCoin explains the 4 steps that users should pay attention to when trading in the crypto money markets:
1. Determine the Right Amount to Invest
If an investor wants to invest in the crypto money market or any global market, he must first determine the amount he will invest and make sure that there is an amount that will not adversely affect the investor in case of complete loss of this amount.
Many investors may invest their entire savings in an asset or, even more, borrow money with the expectation of high returns. However, taking such steps can lead to loss of money with a sudden fluctuation in the market. For this reason, the investor should always invest with an amount that will not put himself in trouble.
2. Research The Cryptocurrency And Its Project
In addition to determining the amount to invest, one of the most important issues is researching the crypto money to invest. Investors can invest in projects that they have heard about but have no idea about. The steps taken in this way can sometimes harm the investors with the fact that the project has already completed its upward movement and/or an adverse development that occurs later in the project. At this point, it is very important for investors to research that crypto money before investing in a crypto money, so that the investor can make his own investment decision in accordance with his own profile.
Today, with the increasing adoption of crypto money, many scams have appeared in projects, the way to distinguish these projects is to investigate the project deeply. The investor needs to consider many data such as the vision and mission of the crypto money project, founders, technical article, development steps, partnership studies.
It is possible to have an idea about the infrastructure and reliability of the projects by examining the exchange collaborations. At this point, KuCoin can provide funds to the projects it chooses by considering many criteria for the development and development of the ecosystem, or it can support the promotion and advertising activities of the projects with the “Safeguard Program”.
In addition, he should follow the current news flow in the market and examine whether there is a positive or negative news flow about the crypto money he wants to invest, and if possible, he should create an investment strategy by blending this information with technical analysis.
3. Set a Strategy
One of the most difficult parts of the job for investors who determine how much to invest and which crypto money to invest in is to be able to trade by managing their emotions.
The most important starting point for managing emotions while investing is to start and end trading with a strategy. The investor must correctly determine how much he will invest and determine the entry and exit strategy for the crypto money he will invest. If investment is not made in line with a certain strategy, it is possible to sell in a panic atmosphere during possible declines or to be caught in a FOMO during a rise and not close the position on time. For this reason, the investor should determine in advance where to enter the position, where to stop the loss and where to take profit.
4. Pay Attention to Exchange Selection and Security Criteria
With the rapid development of the crypto money market, many investors have a hard time choosing an exchange. It is necessary to make sure that the invested exchange has a secure infrastructure and provides uninterrupted service. Established in 2017, KuCoin Exchange provides an uninterrupted service in more than 200 countries around the world, as well as safely storing the assets of investors thanks to its insurance fund.
In addition, the diversity of cryptocurrencies and product diversity in the crypto money exchange to be traded offer different alternatives to the investors and improve your experience in the crypto money sector. It is very important to do your transactions safely in an exchange where you can access gem projects and specialize in project listing.
KuCoin, which allows its investors to trade with more than 700 cryptocurrencies, offers a wide world to its investors by listing gem projects that can be traded with confidence. KuCoin is the world’s largest altcoin exchange that allows you to experience the widest range of cryptocurrencies with not only cryptocurrency trading, but also staking, mining pools, smart trading bots, NFT marketplace and many more.
KuCoin’s Prize Pool Campaign Continues
KuCoin is celebrating the 3rd anniversary of its Futures until September 6, 2022. In this context, KuCoin has launched the prize pool event where you can have the chance to win up to 1 Bitcoin. The thing to do in this event is to collect the planet parts. Every time users collect 10 planet pieces, they will have a chance to win 1 BTC. You can visit the KuCoin page to complete the quests and collect 10 planet fragments for a chance to win 1 BTC.
About KuCoin
KuCoin is a global cryptocurrency exchange listing a large number of digital assets and cryptocurrencies. Launched in September 2017, KuCoin has become one of the most popular crypto exchanges, already reaching more than 20 million registered users in 207 countries around the world.
Known as the “People’s Exchange”, KuCoin offers its users 24/7 multilingual customer support with its operational headquarters located in Seychelles. Meanwhile, KuCoin is also able to provide highly localized services to users by establishing 23 different local communities in Europe, Southeast Asia and other regions. The global cryptocurrency exchange supports more than 700 projects with over 1,200 trading pairs. The primary listing of a number of projects including BLOK, CHMB, VR, KMA, and DAO is on KuCoin.
In 2022, KuCoin raised over $150 million in a pre-Series B round. It increased its total investments to 170 million dollars with the A Round and reached a total valuation of 10 billion dollars. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin as one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts. For more information, visit https://www.kucoin.com/en.
