KuCoin advanced features make it more popular among the world’s biggest crypto exchanges whether you want to transfer money between your different wallets or use it for trading purposes. Since Bitcoin is the biggest cryptocurrency in the world, many people are interested in it. Therefore, many crypto lovers consider KuCoin one of the best Bitcoin exchange in today’s market. Many questions about the crypto market price dependency and different pairs of cryptocurrencies are raised. Today we will discuss with you these queries in detail.
In Which Factors Does The Crypto Market Depend
Since we all know that crypto is a fully decentralized market backed by no authority in the world, Crypto price depend on the behavior of individuals who are a part of this market and hold big assets in it. This is one main reason we see more volatility in this market. On the other hand, this market still works like other commodities, for example, stocks, forex, or gold trading. This market has a supply and demand, making it bearish or bullish in different time frames. Therefore, this market includes more risk as compared to other markets. You should be a person with fewer emotions to make good money in this market. Also, you must manage your risk properly and know about the features provided by your broker.
World 1st Rank Altcoin Exchange
More than 700 altcoins are listed on a KuCoin, making it the biggest crypto coin market in the world. With this vast collection, people love to trade their assets daily by using this exchange. Also, we all know that crypto traders mostly use USDT as a base coin because of its high stability. In a daily market, many individuals love to trade the world’s best pairs like BTC/USDT, ETH/USDT, BNB/USDT, etc. The users of KuCoin sometimes feel confused when they see some pairs in KuCoin backed by their biggest competitors. BNB/USDT is one of them, and many of you want to ask a question about whether they trade BNB/USDT on KuCoin or not. Yes, this coin is listed on KuCoin.
BNB coin was launched in April 2017, and the BNB price is quite good compared to other coins. In April 2022, the BNB coin held the world’s 4th largest market capital with Bitcoin, Ethereum, and Tether. Many people also don’t know that initially, BNB launched on an Ethereum blockchain network, but then it’s migrated to its BSC blockchain channel. Due to its adoption on different apps and as a payment method for utility bills, BNB value increase on a very high scale.
Maybe it is the opinion of many people that KuCoin does not allow to list their competitor’s coins on their exchange. However, in this article, we discuss that on KuCoin, you will find many coins with their live stats. If you want to trade a BNB on USDT or any other pair KuCoin is a spectacular option. The main goal of their exchange is to provide the best customer support for their satisfaction. You can easily find one solution to many problems on the KuCoin exchange.