Lending crypto-assets can provide an investor with instant returns without having to sell one’s coins. KuCoin Exchange, one of the world’s leading cryptocurrency exchanges, allows investors to lend their crypto assets for a term period of 7 days, 14 days, or 28 days. KuCoin exchange offers the highest return on lending stablecoin, which could be as high as 730% APR on a 14-day term. It also offers fairly higher returns on coins like ATOM and DAO with APRs that could hover around 73% for a 14-day lock-in period.
KuCoin Exchange: Your Gateway to Making Passive Income
KuCoin exchange could be your gateway to making passive income. The unique thing about KuCoin is users don’t need to submit KYC information to use the exchange, including trading and lending Before delving into lending, it is imperative to mention the KCS bonus which is also a means to making passive income without doing anything much. KCS bonus entails rebates and gratuities for people who hold KCS, the native/utility token of KuCoin exchange.
The major utility of holding KCS is that it earns trading discounts for investors. If a user has KCS on account they will get discounts on their trades by default. Kucoin crypto exchange calculates all the trading fees and distributes a percentage of that among KuCoin users, especially those who hold KCS on the account. A user needs to hold a minimum of 6 KCS to enjoy bonuses and earn an annual yield on their holdings within a range of 15% and 50%.
KuCoin Exchange supports all the major coins for lending. Being the world’s premium exchange for niche coins, it also offers favorable returns on low-priced coins like DODO with a 36.5% APY on a 14-day term, at the time of writing. DODO was priced at $1.37 at the time of writing. It is the native coin of a DeFi liquidity provider that aims to improve the current algorithm of automated market-making and provide better liquidity and price stability for crypto coins in a liquidity pool.
In a similar vein, the KuCoin crypto exchange offers a 73% APR on SUPER coin, priced at $0.00396, at the time of writing, on a 14-day term. SUPER coins come into circulation through Proof of Stake mining. Experts are predicting a 1-year growth of up to 25% for this coin, which makes it a viable long-term investment option.
Users looking to generate a stable income on niche coins may consider lending on the KuCoin exchange. KuCoin is one of the exchanges to offer the highest return on USDT. Lending USDT can earn a lender somewhere around 43% APY given the borrowing rate is around 0.12% which is reached from time to time. The optimal borrowing rate usually
remains between 0.05% and 1% daily which would generally turn around an APY of 18.25% and 36.5% respectively.
KuCoin exchange experts are of the opinion that holding on to USDTs for lending at a time when there is a spike in crypto price and there is not enough USDT to lend can bring about great returns. KuCoin cryptocurrency exchange displays the total amount of loaned out crypto assets on the order book against a particular rate and
terms. It displays the total amount that an individual may lend at that interest rate.
KuCoin Exchange’s Auto lend Feature
Auto-Lend is an option to automate lending without the users having to keep an eye on the lending market 24×7. Users have to set the reserve amount, terms, and minimal daily rate before enabling Auto-Lend. Reserve Amount is the amount users wouldn’t want to lend out to make sure the system doesn’t lend out all the
funds in case the user has reservations.
With Auto-Lend, users can click all three terms – 7 days, 14 days, and 28 days to deploy an error-free automated matching system and generate the highest interest possible. Additionally, users can set up the Minimum Daily Rate which is the rate the users want the system to at the least generate from the borrower.
Risk Control: The KuCoin Exchange Promise
Being a centralized crypto exchange, the KuCoin cryptocurrency exchange is better positioned to return lenders their money in comparison to DeFi platforms with no proper protection plans in place for their users. Crypto lending comes with its set of risks. Counterparty risk is a common phenomenon of crypto lending. So that lenders do not have to bear the brunt, the KuCoin exchange takes the onus of repaying the principal amount and the interest rate promised when a borrower defaults.
KuCoin maintains an insurance fund to ensure its investors are paid in full in times when the market is going through extreme conditions and the borrowers are likely to default. Stablecoins are the best crypto assets to withstand price volatility even when other coins are going through a topsy turvy. KuCoin exchange keeps the APY or daily yields on non-stable crypto coins, like BTC and ETH low, while keeping higher rates on USD tether. This is to ensure investors enjoy high highs of stablecoins while being exposed to lower risk for lending out high-volatile crypto assets.
Conclusion
KuCoin Exchange is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users across 207 countries and regions around the world. The exchange offers some lucrative benefits to crypto holders in the forms of crypto lending and KCS bonus among others.
KuCoin Exchange recently partnered with Blockwiz, a global crypto marketing agency that provides integrated cryptocurrency marketing solutions across crypto influencers, PR, SEO, and social media; in an effort to strengthen online communities and meet their business objectives. So, don’t forget to check out their social media handles to stay updated with the latest developments!