KuCoin Exchange Crypto Social Trading Feature is Here: 2022 Review

Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more › There are a lot of social media platforms where one would find a thriving community of crypto influencers including Twitter, YouTube, Reddit, Telegram, and Discord. But the information you find across all these platforms are scattered, providing no coherent direction. It is also cumbersome to manage so many accounts and handle so much information without a way to streamline them for proper screening. “Social trading” in the context of cryptocurrency refers to the implementation of trading strategies based on information collected from social media interactions. For instance, MoneyZG is a reputed crypto investor and educator with a lot of followers. These followers look up to him for trading advice and would often mimic his techniques. Similarly, a crypto influencer on Twitter might be influencing a lot of traders to follow their suit. This is what forms the crux of crypto social trading. When social media influence informs your trading decision, you automatically become a part of this game. A crypto social trading platform or exchange offers a decentralized network for crypto newbies to connect with avid traders and learn from them. The platform also consolidates crypto newsfeeds and opinion pieces among other things for better resourcing of information and allows users to use these insights and complete a trade then and there. One such platform is KuCoin S which is creating a prototype for crypto social trading. Understanding this platform in detail can provide a better idea of what this new brand of crypto trading should look like. KuCoin S: Transforming Social Trading KuCoin Exchange has been planning to build a crypto platform where all the participants can gather and share useful information. Trading is just one action amongst all the fun things it explores and innovates with social trading function. Several KuCoin Exchange Reviews in 2022 show the platform transforming into the first and biggest social trading platform. To this end, KuCoin S was launched on October 22, 2021. That being said, here are some of the key features that make KuCoin S a standout amongst its peers. ● Easy-to-Obtain Trusted Crypto News Feed It feels overwhelming to sift through an ocean of crypto news mingled with misinformation and fads. It takes time and energy for a trader to find the info with real value, leading to the right trading decisions. KuCoin S offers diversified and trusted crypto info feed which contains token price moves, new listing, crypto news, trending coin, sector, portfolio, or topics, etc., “gradually customizing feed through AI-based algorithms and machine learning.” Hence, each KuCoin user can make easier trading decisions on the basis of all the info provided. Available in the mobile app, all you need to do is swipe down the screen on the homepage to enter the world of KuCoin S and hit the ‘get started’ button. If you see anything interesting, tap it and take a closer look. For instance, you can check out the top gainers’ portfolio or the latest news from the top media to make an informed investment decision. ● All-round Social Features KuCoin S supports social features such as like, follow, comment, and share. You can show your support to a specific token, add it to your favorite list or portfolio, or leave your comments on a trending coin or topic. Your actions and opinions may help others make better decisions. Likewise, you can get insights from millions of other users on KuCoin. The KuCoin S community is another feature that offers users the chance to learn from the experience of crypto influencers and avid investors and Interacting with them. There are several other exchange apps or crypto media apps that also offer a diversified news update. But what distinguishes KuCoin crypto exchange from the rest is the sense of interaction that one will find here. Gone are the days of browsing news feeds passively; the idea is to turn your browsing into an action. KuCoin S makes it possible by making available users’ profiles with high ROIs for others to follow by tapping the ‘like’ button and comment on them. The same applies to trending tokens or news. Trading Simplified, Return Rate Increased KuCoin S simplifies the trading process for users by removing the order book and order type functions. Users can simply choose a token, tap the buy button, enter the trading password, enter the purchase amount to complete a trade. The profit and loss will be displayed on the portfolio page. In addition, the copy trading feature allows users to browse the most successful strategies on the platform, and create a portfolio that meets their return expectations and risk preference in one click. The advantage is obvious, users have the chance to get higher profits by simply checking and copying a trading strategy that’s been proven by the market. One can further customize their portfolio. All one needs to do is: Tap any investment portfolio and swipe up for the details and select the copy button. Tap the edit coin button to make adjustments if required Hit the next button to complete the portfolio Check returns and share it with others One can also create a postcard of their best-performing ROI and share it on social media. Final Thoughts Crypto social trading platforms could be a boon to new investors looking for access to genuine information and educational content. On one hand, experienced traders can use the platform as a channel to broadcast their own trading recommendations. On the other, investors can follow them and copy their techniques to build winning trading strategies. These platforms would often display the trading history of pro members and successful strategies for others to emulate. Platforms like KuCoin S help new traders interact and learn from tenured crypto trading influencers and improve their trading approaches. KuCoin Exchange has developed this app with an interface that meets the requirements of GEN-Z investors. Join KuCoin S on Telegram. Share this Post