KuCoin is personally my favorite centralized crypto exchange to use on a daily basis for a variety of reasons. One of these core reasons is that they offer so many financial services and support so many tokens to an extent that it actually makes it inherently fairly difficult to write a comprehensive blog post about the exchange as a whole. Thus, though I may do so in the future, I decided I would break up my efforts writing about KuCoin exchange into several posts.
With that said, enjoy reading post number one in this mini series, breaking down all the features of KuCoin's "Earn" module:
On the top left of KuCoin's homepage, there are several tabs which comprehensively direct users to most of the important parts of the website. These include "Buy Crypto," "Trade" and "Earn," as well as some others. The Earn tab compiles seven different ways in which KuCoin users can earn free crypto, all existing at different levels of risk, reward, and nature.
Crypto Lending
KuCoin offers peer-to-peer crypto lending through this module, in which users can place an order to lend out some amount of crypto at a specified interest rate, for a specific period of time, or to borrow it. When the specifications of a lending and borrowing order meet, a peer-to-peer crypto loan takes place. KuCoin Crypto Lending supports a wide variety of assets, from Bitcoin to stablecoins to micro-caps. It may sound like a highly risky way earn interest, but KuCoin "ensures that all lenders are repaid in full," per source 1 below. This is actually a quite simple and secure way to earn stable returns.
KuCoin Earn
You may have previously known this module/service as "POL-X," named after the proof of liquidity token which was the interest reward for several of the service's liquidity pools. Not much has changed since the rebranding of this specific service. It is still an aggregation of liquidity pools for a wide variety of assets, some still offering unbelievable returns. For example, they just closed a liquidity pool in which PikaStarter $MLS token could be locked up for over 360% APY!
Spotlight
Spotlight is simply a launch platform in which KuCoin users can participate in the pre-sale of certain altcoins. Some recent featured projects have been Victoria VR, Gari Network, and Pika Starter.
KCS Bonus
This is probably the simplest and most secure way to earn crypto on KuCoin. This assumes that you are comfortable holding an exchange token altcoin, but this one specifically does tend to perform quite well during "altcoin seasons," which makes sense given its accompanying exchange's services. Personally, this is probably my favorite of the seven, as all you have to do is hold $KCS in your main account to earn a daily reward paid out in $KCS.
KuCoin Pool
Probably the most complex of the lot, this opportunity to earn crypto is not for beginners! What this service boils down to is a Bitcoin, Ethereum, and Bitcoin Cash mining pool for KuCoin users. The platform even claims that they are committed to building the world's largest Proof-of-Work mining pool. If mining interests you, make sure you read KuCoin's mining tutorial at link number 2 below before attempting to participate.
KuCoin Win
This is the only of KuCoin's crypto earning opportunities which I would strictly advise users against. It is simply gambling, and even encourages users to do downright silly things like betting crypto for a chance to win AirPods.
Cloud Mining
Cloud mining is an innovative and profitable new way of mining certain cryptocurrencies which is much more energy efficient than traditional mining methods; However, KuCoin only has a limited number of spots available for this high-reward crypto earning opportunity, and good luck getting one of those spots! Their cloud mining pools normally fill up quite shortly after opening.
Conclusion
KuCoin is one of the most all-inclusive and trustworthy exchanges in existence today. From p2p lending, to their new NFT marketplace Windvane, to leveraged futures trading without performing KYC verification, KuCoin provides services to crypto investors and traders at any level of experience and risk apetite. They even offer SEVEN distinct ways to earn crypto on-platform, all of which are outlined above. KuCoin is beaten out only by Binance in the pursuit of providing users with a one-stop shop for all their needs.
If you are not yet on KuCoin, and want to start earning free crypto today, use my link to go check them out: https://www.kucoin.com/ucenter/signup?rcode=rJM4GK5
This is an affiliate link and thus has the potential to earn me a small commission when you perform certain actions, at no additional cost to you.
If you derived any value from this post, I would appreciate a tip, as they are free. Best of luck in surviving this bear market.