KuCoin Introduces KuCoin Fiat Account for Easy Fiat to Crypto Conversion

KuCoin Introduces KuCoin Fiat Account for Easy Fiat to Crypto Conversion
  • CoinMarketCap ranks KuCoin as the fifth-largest cryptocurrency exchange.
  • KuCoin will be launching a campaign to reward users for celebrating this launch.

KuCoin is a worldwide cryptocurrency exchange with over 400 digital assets. Moreover, Spot, Margin, P2P fiat, futures, staking, and lending are all available to users in 207 countries and regions. Furthermore, IDG Capital and Matrix Partners invested $20 million in KuCoin in 2018 as a Round A funding.

CoinMarketCap ranks KuCoin as the fifth-largest cryptocurrency exchange. In addition, it has been awarded as Best Crypto Exchange for 2021 by Forbes. Furthermore, global customers may now deposit US Dollars (USD) to KuCoin using a credit or debit card and acquire key crypto assets such as Bitcoin, Ethereum, and USDT.

The First Hurdle of Conversion

The fast growth of the crypto business lures newcomers. But their first hurdle may be the conversion of fiat to crypto. The launch of Fiat Account functionality on KuCoin complements current fiat-related services, including P2P Fiat Trade and third-party fiat getaways like Simplex, Banxa, and BTC Direct.

Johnny LYU, CEO at KuCoin Global, said,

“As the ‘People’s exchange’, KuCoin continues to improve the experience for all classes of crypto investors by introducing advanced products with less complexity and lower fees. The KuCoin Fiat Account will help get more intenders on board, contributing to the mass adoption of crypto ahead.”

KuCoin Fiat Account supports USD. To use KuCoin’s Fast Buy feature, Visa or Mastercard users must deposit USD first. Furthermore, KuCoin will soon support 50 additional fiat currencies, including EUR, AUD, GBP, and RUB.

Additionally, KuCoin is all set to launch a campaign to reward users for celebrating this launch. From 18:00 November 2, 2021, to 18:00 November 5, 2021 (UTC), the first 100 customers who buy USDT using KuCoin Fiat Account with Visa, Mastercard, or balance will get a 50% discount on the purchase.

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A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.