[Dex, Cex, Popular Exchanges and Trading Cryptos] - Steemit Crypto Academy Season 4 - Homework Post for Task 7

Hello Steemians, Designed by me on Canva

Question 1

Choose any of the following exchanges and develop a basic guide on how to use it, indicating whether it is decentralised or centralised.

• Huobi
• KuCoin
• Waves Dex

I am gonna choose the KuCoin exchange, and perform a basic guide on how to use it.

KuCoin exchange is a Centralized cryptocurrency trading platform, that allows investors to buy, sell, store and exchange currencies. It was actually launched in 2017, and is currently based in Hong Kong.
KuCoin has about 370 cryptocurrencies which includes all the major coins and token as well as pairs. This exchange is one of the biggest in the crypto space, with large trading volumes, and enough liquidity.

KuCoin is really a dependable platform, because it has some amazing and interesting features. Some of these features includes:

• In KuCoin, users are provided with free trading bots, which can be used on both the regular band future market

• It's an exchange that's open for everybody in every country, because even with no KYC investors can make use of the KuCoin exchange

• it has a native token called KCS, which can equally help an investor to generate and earn reward.

• The KuCoin exchange has one of the best customer services in the crypto space.

• There's always enough liquidity on the crypto pairs in KuCoin, because a great number of crypto holders in the world today makes use of the service provided by the exchange.

• The exchange usually promotes new and growing tokens, which will help users get the coin early, and with ease.

• While holding your coins on KuCoin, you could interest pays by staking or lending out your cryptocurrencies through Pool-X.

• The exchange provides a strong and secure network for it's users by partnering with a company that's called "Onchain Custodian" to insure the exchange against crimes.

• The fees associated with transactions in KuCoin are among the least in the world of crypto exchange.

• Firstly, I went to the KuCoin website
  

• I will then be required to Log in or Sign up. So since I don't have an account yet, I will have to Sign up.
  

• I can sign up with either an email, or phone number. So I would be signing-up by inserting my email address, and a verification code would be sent to my email.
  

• After inserting the verification code, I would then be Reset my password and click submit.
  

• After a successful registration, I received a welcome gift.
  

• As you can see on the screenshot below, I can now make Deposit and Withdraw coins.
  

• To deposit a coin, what I need to do is to click on Deposit, select coin, as well as the network and copy the address.
  

• To withdraw a coin from KuCoin, what I need to do is to click on Withdraw, then insert the address and amount to be sent out.

You can equally exchange tokens in the platform, by going to thetrade section and selecting any crypto pair, and placing your buy or sell order.

Investors will agree with me that the exchanging of various tokens remains one of the most important concept in the crypto space, and the existence of the crypto exchanges has made it even better.
Most exchanges are user-friendly, and as such more users are likely to come into the crypto space, KuCoin exchange is really worth checking out because it solves alot of exchange problems. Best regards to @imagen for this interesting topic.

Note: All the screenshot were taken from my KuCoin exchange and designed on iMarkup.