A cryptocurrency exchange is an online marketplace where users buy, sell, and trade cryptocurrency—Crypto exchanges work similar to online brokerages. The originally San Francisco-based crypto exchange is now a geographical lack of center company with no headquarters and available in 100+ countries. Well, when it comes to crypto currency then KuCoin is one of the most reputable yte global cryptocurrency exchange offering the range of exciting features and allows to buy or trade crypto currencies. The exchange moreover is known for its high liquidity and high commison rate with very cooperative customer. Moreover, kcs has the begineer friendly exchange that is easy to understand to use. Thus, that are some of the reasons of why the exchange has the total market of around $919605 and has the ranking on 96th .
Something About Cryptocurrency & Exchange
The popularity of cryptocurrency in recent years has gained much attention among researchers and in academic working areas. The uncontrollable and untraceable nature of cryptocurrency offers a lot of attractions to the people in this domain. The nature of the financial market is non-linear and disordered, which makes the predictions of exchange rates a challenging task. Predicting the price of cryptocurrency is based on the previous price inflations in research. Various machine learning algorithms have been applied to predict the digit coins’ exchange rate. Still, in this study, we present the exchange rate of cryptocurrency using the machine learning XGBoost algorithms and blockchain framework for the security and transparency of the proposed system. In this system, data mining techniques are applied to data analysis. The applied machine learning algorithm is XGBoost, which performs the highest predictions output after accuracy measurement performance. The predictions process is designed by using various filters and coefficient weights. The cross-validation method was applied for the training phase to improve the system’s performance. Thus, platforms that works in the domain of crypto currency and allows the customer to trade them online are regarded as the crypto exchanges.
Top Crypto Exchange Of 2022 “KuCoin”
Well, when its comes to top regarded crypto exchange then KuCoin comes on the first. The KuCoin was founded in 2017 to enable people to buy, sell, and store Bitcoin seamlessly. Fast-forward today, the kcs is a publicly-traded cryptocurrency exchange with over $26 billion in total market value. Launched in 2017, KSC is a crypto exchange headquartered in Seychelles. Since its founding, it’s grown to be one of the largest global exchanges by trade volume, and it now has over 10 million users and a presence in more than 200 countries. Thus, with all these factors it is known as a secure online platform for buying, selling, transferring, and storing cryptocurrency.You can also view the live chart such as, BTCUSDT and ETHUSDT from KuCoin trade page.
Cryptocurrencies Available At KuCoin
KSC offers over 600 cryptocurrencies for a user to buy bitcoin, sell, and trade, Those Looking for a wide selection of assets may appreciate what this exchange provides. Here’s a partial list of cryptocurrencies that are currently available on KuCoin:
- Bitcoin (BTC)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Polkadot (DOT)
- Shiba Inu (SHIB)
- XRP (XRP)
While KuCoin offers KYC verifications and industry-standard security features, this exchange war was subject to a major hack in 2020. Hackers stole over $280 million worth of crypto from users’ hot wallets. Fortunately, the assets were covered by an insurance fund, but a security breach of this magnitude is still concerning.
Thus, after in-depth analysis we came to know what a crypto exchange, cryptocurrency, is and which exchange is considered the best one in 2022