Spot trading versus buying crypto on KuCoin?

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Hello,

I’m trying to figure out how to buy alt coins with the lowest fees possible, I know there’s an option to use spot trading on kucoin to buy crypto with lower fees than depositing money and converting (I think). My question is, if I am buying crypto for the purpose of transferring it to a ledger in a couple months and holding it for a couple years (NOT for trading), is spot trading the best option for buying crypto or should I actually go for the more straightforward options? I can’t tell what the pros and cons of each would be.

P.S. – I use coinbase/binance for buying the coins available on exchanges, but some altcoins like AGIX and SDAO aren’t available so that’s why I’m looking for other platforms to buy them.

Any advice is appreciated.

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Posted in Kucoin Reddit

4 Comments

  1. Lazy-Suggestion-3342 on 30. May 2023 at 13:46

    Spot trading on KuCoin or other exchanges that offers the Token/Coin you’re looking for could offer lower fees than trading it on decentralized exchanges like Uniswap. It’s also important to research and consider factors like fees, security, and reputation before making any transactions.

     


  2. leoingle on 30. May 2023 at 13:46

    It sounds like you are in the USA. Would I be correct?

     


  3. resornihgp on 30. May 2023 at 13:46

    Kucoin holds a lot of low-cap gems and that is the reason why I use them often. That is where I discovered NXRA and it looks promising.

     


  4. SearchMysterious6714 on 30. May 2023 at 13:46

    You don’t have to pay fees by converting coin or token. Not much options ,but you might see yours on convert section