If you want to make passive income with Kucoin, staking in its pool is a good idea. The Kucoin website has a page dedicated to staking coins, where you can find the list of supported tokens. The list is separated by rule type, so you can view the staking options of each specific token. There are many other factors to consider when choosing a staking coin.
KuCoin is a large cryptocurrency exchange that has capitalized on the explosive staking demand. The exchange offers dozens of services, including spot and margin trading, futures trading, lending, and staking. In addition, you can also earn rewards for your staking efforts with KuCoin Earn, the exchange’s rewards hub. There are some downsides to using KuCoin Earn, so make sure you read this review first.
First, the KuCoin staking pool is more flexible than self-staking. Staking in KuCoin offers double rewards, so you get paid both in coin staked and POL. You can then trade your staked coins on Pool-X. You can even tokenize your staked coins by using tools offered by the exchange. Alternatively, you can trade your staked coins on the exchange for non-staked digital assets.
Another advantage of KuCoin is that it has extra features that make it more appealing to novices. Its user interface and security are both great benefits, which can help new users start building their crypto portfolio. In addition, the trading fees are low. You can expect to pay between 0.0125% and 0.10% per trade. But KuCoin is not currently licensed in the United States, so if you live in the United States, you should use other exchanges.