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The Top Crypto Rules to Follow
for a Successful Investment

Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control the creation of new units. Cryptocurrencies are decentralized, not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. This blog post will discuss the top crypto rules to follow for a successful investment!

Let's take a look at these rules.

Fundamental analysis

This is the process of looking at a cryptocurrency’s real-world application and its technology to determine if it’s a good investment. Often, people get caught up in the hype surrounding a certain coin and invest without doing any research. This is a recipe for disaster. We suggest you go for crypto trading and read through cryptocurrency news to earn a massive profit in 2022.

Technical analysis

You don't need to be a financial analyst to understand the basics of technical analysis. There are many resources online that can help you understand the concept. In short, the technical analysis predicts future price movements based on past price data and market trends.

Use cases

The first and most important rule for investing in cryptocurrencies is to know what you want to use them for. Are you looking to invest in a long-term project, or are you looking for something more short-term? Each type of investment has its own set of rules and guidelines, so you must understand your goals before putting any money into the market.

If you're looking for a long-term investment, you'll need to find a project that has a good chance of being around years from now. This means finding a team with a solid plan and a track record of success.

Account for volatility

The value of Bitcoin and other cryptocurrencies can be incredibly volatile. In a single day, the price of Bitcoin can swing up or down by hundreds of dollars. This volatility can be significant for investors looking to make a quick profit, but it can also lead to big losses if you're not careful. Before investing in any cryptocurrency, you should always consider how volatile the market is and how much risk you're willing to take on.

Cryptocurrencies are also subject to different rules and regulations in different countries. Some countries have banned cryptocurrency trading altogether, while others have placed strict limits on how crypto assets can be bought and sold. Always research the legal landscape in your country before investing in any cryptocurrency.

Do not ride the hype

Hype is an intense emotional reaction to something, mainly when that reaction is not based on reason or reality. In the case of cryptocurrency, hype often refers to the frenzy around a new coin or project that seems to be taking off. It can be tempting to get caught up in this kind of hype, but it is essential to remember that it is often driven by speculation and not always backed by solid fundamentals.

About KuCoin

  • Known as People’s Exchange, KuCoin is a top five crypto trading platform and is named as the best crypto exchange in 2021 by Forbes Advisor
  • KuCoin offers high security, low fee with a friendly interface, KYC policy and customer support
  • KuCoin is the biggest altcoin exchange, with 540+ assets and 960+ trading pairs.
  • KuCoin is built for all classes of investors, offering trading bot, crypto lending services to beginners and margin & futures trading to advanced traders
  • KuCoin is transforming into the first and biggest social trading platform in crypto. It launched social trading features such as copy trading, news feed, in-app community on KuCoin App to further boost the mass adoption of cryptocurrency

History & Background

Launched in September 2017, KuCoin is a Seychelles-based global crypto exchange. The platform's technical architecture was created in 2013, yet it took years of polishing to make it a seamless experience KuCoin is today.

In November 2018, KuCoin announced $20 million (USD) round A funding from IDG Capital and Matrix Partners.

Known as "People’s Exchange", it currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world.

According to CoinMarketCap, KuCoin is a top 5 crypto exchange. In 2021, Forbes Advisor named KuCoin as one of the Best Crypto Exchanges.

KuCoin Fee

KuCoin offers a competitive fee structure starting from 0.1%. And it also offers multiple way to enjoy a lower fee. One way is to pay fee with KuCoin Token (KCS), which offers a 20% fee discount. Also, by holding KCS or increasing the trading volume, your VIP level will grow which gives you a lower fee.

For instance, a user with 2000 BTC monthly spot volume can enjoy 0% for maker and 0.07% for taker.

KuCoin Fiat Services

KuCoin now supports over 50 fiats such as USD and EUR from services like KuCoin Fiat Account, P2P market and third-party fiat onramps like Simplex and Banxa.

For European countries, KuCoin Fiat Account is the best choice as it offers a hassle-free experience with a fee lower than the industry average. And for countries like India and Vietnam, the P2P market is ideal as it offers 0 fee for buying and selling.

The Bottom Line

When it comes to investing in cryptocurrency, there are a few key rules to follow to be successful. First and foremost, do your research and invest in a currency you believe in. Secondly, don’t invest more than you can afford to lose. And lastly, be patient and ride out the ups and downs of the market. By following these simple rules, you’ll put yourself in a much better position for success.

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