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KuCoin Introduces Fiat Account To Allow USD Deposit and Crypto Purchase

by ChainWire
November 2, 2021
in Industry Announcements

November 2, 2021 – Victoria, Seychelles


KuCoin, a global leading cryptocurrency exchange, announced the launch of ‘KuCoin fiat account,’ granting global users the access to deposit US Dollar (USD) to KuCoin using a credit or debit credit and purchase major crypto assets, including BTC, ETH, USDT and more.

The rapid expansion of the crypto industry is attracting a growing number of newcomers, while the first obstacle they may encounter is the conversion of fiat to crypto.

To build a fiat channel that is safer and user-friendly with lower fees, the fiat account feature has been launched on KuCoin to supplement its existing fiat-related services like P2P fiat trade and third-party fiat getaways like Simplex, Banxa and BTC Direct.

Johnny Lyu, CEO of KuCoin Global, said,

“As the ‘peoples’ 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.”

The KuCoin fiat account first supports USD. Visa or Mastercard holders can deposit USD directly to KuCoin before converting it into supported crypto assets via ‘fast buy.’ KuCoin will support 50 more fiat currencies such as EUR, AUD, GBP and RUB in the near future.

To celebrate this launch, KuCoin will be holding a campaign to reward users. Every day from 18:00 UTC on November 2, 2021 to 18:00 UTC on November 5, 2021, the first 100 users who buy USDT via KuCoin fiat account using Visa, Mastercard or Balance can enjoy a 50% discount on their purchase.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 400 digital assets.

It currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its eight million users in 207 countries and regions around the world.

In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the fifth biggest crypto exchange. In 2021, Forbes named KuCoin as one of the best crypto exchanges for 2021. To find out more, visit here.

Contact

Ashley Wang

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


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