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KuCoin Presents Its Fiat Account, USD Deposits Now Open -Breaking

by Mike Robinson

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KuCoin presents its Fiat Account. USD Deposits now Open
  • KuCoin has launched its KuCoin Fiat Account.
  • You can deposit USD on the platform directly.
  • With debit and credit card, they can.

The global leading cryptocurrency exchange — KuCoin, just launched the KuCoin Fiat Account. The KuCoin Fiat Account allows users around the globe to deposit USD directly into KuCoin via their debit and credit card. This allows users to make crypto-purchases for crypto assets such as (BTC), USDT and (ETH).

There are numerous challenges that the cryptocurrency industry must overcome as it expands to meet growing demand worldwide. One of these hurdles is to allow users to convert fiat into crypto.

After this they will need to create a fiat channel with low transaction fees that’s user-friendly, secure, and easy for users. KuCoin’s Fiat Account will be an addition to existing fiat-related services such as P2P Fiat Trade. It will complement third-party fiat escapes like Banxa and BTC Direct as well as Simplex.

The CEO of KuCoin Global — Johnny LYU, shares his thoughts on the matter,

As the ‘People’s exchange’, KuCoin continues to improve the experience for all classes of crypto investors by introducing advanced products with less complexity and lower fees. KuCoin Fiat Account can help increase the number of intenders, contributing to widespread adoption.

KuCoin’s Fiat Account first supports USD. Mastercard (NYSE;) and Visa holders (NYSE:), can deposit USD into KuCoin directly before you convert it to supported crypto assets via Fast Buy. KuCoin plans to soon be able to accept 50 other fiat currencies. They will support AUD and EUR as well as RUB and GBP.

KuCoin will also launch a reward campaign in celebration. The campaign will run every day, from 18:00 on November 2, 2021 to 18:00 November 5, 2021 (UTC). The 50 percent discount will be available to the 100 first KuCoin Fiat Account users who buy USDT using Mastercard or Visa.

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