How does KuCoin Earn interest work?
Basically, you can subscribe to various coupons that increase your interest rate. These coupons increase your interest income by a percentage. The rate of interest for a KuCoin Earn product is usually 3%, but if you use a higher percentage coupon, you can increase your interest income to 8% or even more! Once you have subscribed to a coupon, you’ll see the percentage increase that you’ll be getting, and you’ll be directed to the page where you can choose which coupon to use.
To lend KuCoin, go to the Finance section in the app. To lend, select the amount of crypto you’d like to lend. Once you’ve chosen the amount, you can enter the interest rate. KuCoin automatically calculates the interest rate based on similar loans made by other users. After that, you can assign the funds to a borrower or set your own rate. You’ll also see other users’ current loan requests and interest rates, so you can determine the best way to price your loan and earn more coins!
Using KuCoin is simple. You can access your account from a desktop or mobile device. The platform is free to use, so you can access your account whenever you’d like. If you have any questions, you can reach out to customer service via live chat or email. Once you’ve set up your account, you can start trading! After KYC verification, you’ll get higher daily withdrawal limits. KuCoin offers two KYC verification levels: basic KYC and advanced KYC expotab.