KuCoin Crypto Exchange Announces The Launch Of Instant Deposits And Withdrawals Of USD

KuCoin Cryptocurrency Exchange Announces The Launch Of Instant Deposits And Withdrawals Of USD On The Platform

KuCoin Exchange plans to launch instant deposits and withdrawals of USD on the platform through a partnership with People’s Exchange. The exchange announced they will offer their existing and new users the ability to instantly access their funds in dollars without any delays.

KuCoin exchange is one of the revolutionary digital asset exchanges that aims to offer users with improved features and high liquidity for efficient trading. The exchange announced that they will soon be releasing a first-of-its-kind platform feature with People’s Exchange, the strategic partner. This revolutionary development will empower new and existing users of the People’s Exchange to deposit and withdraw funds instantly using $USD.

How To Instantly Deposit And Withdraw USD On KuCoin Exchange

Users will be required to log in to their accounts and enter the amount of BTC they wish to deposit and they will automatically get a quote in USD. Once selected, a QR code appears, which users should scan with their mobile app to be able to pay. Confirmation of the transaction is completed by scanning your face ID on the app and proceeding to pay. The Bitcoin (BTC) will be directly and instantly transferred to your account.

To withdraw on the site, select the amount of USD you want to withdraw and get a quote in Bitcoin (BTC). Once confirmed, a QR code appears, scan the QR code using your mobile app. Confirm the transaction using your face ID and the USD amount is instantly transferred to your account.

KuCoin will hope the latest development increases the market base on the platform and number of trades completed on the site. The instant withdrawals and deposits will improve the user experience and increase the institutional participation and liquidity on the exchanges.