KuCoin (KCS/USD), a leading global cryptocurrency exchange, has launched KuCoin Fiat Account, which allows users all over the world to deposit US dollars (USD) to KuCoin using a credit or debit card. They can also purchase Bitcoin (BTC/USD) and other major cryptocurrencies.
The conversion of fiat currency to cryptocurrency is no longer an impediment.
The first and most significant barrier that newcomers to the crypto industry face is the conversion of fiat to crypto. KuCoin launched the fiat account to supplement the platform’s existing P2P Fiat Trade and other fiat-related services, as well as Simplex, Banxa, and BTC Direct, among other third-party fiat gateways. This will contribute to the development of a more secure, user-friendly fiat channel with lower fees.
KuCoin Global CEO Johnny LYU stated:
KuCoin, as the “People’s Exchange,” continues to improve the experience for all types of crypto investors by introducing advanced products with less complexity and lower fees. The KuCoin Fiat Account will help bring more people on board, contributing to the eventual mass adoption of cryptocurrency.
KuCoin will soon support 50+ fiat currencies.
Holders of a Visa or Mastercard can deposit USD directly into their KuCoin fiat account before using Fast Buy to convert it into their preferred crypto asset. KuCoin will soon support 50 more fiat currencies, including EUR, AUD, GBP, and RUB.
KuCoin offers users a 50% discount on purchases.
To commemorate the launch, KuCoin will offer a 50% discount to the first 100 users who purchase Tether (USDT/USD) via KuCoin Fiat Account using Visa, Mastercard, or Balance. This rewards campaign will run from 18:00 on November 2, 2021 to 18:00 on November 5, 2021 on a daily basis (UTC).
A global marketplace for hundreds of assets
KuCoin is a global cryptocurrency exchange that supports over 400 different digital assets. It currently offers P2P fiat trading, Futures trading, Spot trading, Margin trading, Staking, and Lending to its 8 million global users in 207 countries and regions.
According to CoinMarketCap data, it is currently the fifth largest cryptocurrency exchange after receiving $20 million in Round A funding from IDG Capital and Matrix Partners in 2018.