The KuCoin Exchange is now active worldwide, and it serves more than 10 million users across 207 countries. The exchange platform ranks in the top 5 globally and 1 in 5 Bitcoin and crypto owners around the world have a KuCoin account and digital wallet.
Does KuCoin accept Visa gift cards?
A KuCoin Fiat Account has recently been launched, allowing users around the world to fund their crypto accounts with either a Visa or Mastercard (both debit and credit cards are accepted).
In fact KuCoin supports all credit, debit, and prepaid cards issued by Visa and MasterCard.
It has recently been announced by KuCoin that the new fiat account will allow deposits of US Dollars, but several major currencies are to be added, like EUR, AUD, GBP, and RUB. Accounts will be linked to the Fast Buy channel which will enable customers to purchase a large variety of digital currencies.
Can you buy crypto with a debit card on KuCoin?
Granting easy access to purchase digital currencies like Bitcoin (BTC) remains a major focus amongst digital currency trading platforms worldwide. While many exchanges have a payment gateway through third-party financial institutions, users can fund their accounts to purchase their digital currency of choice; direct access through debit or credit cards is necessary to enhance user experience (UX).
“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. The KuCoin Fiat Account will help get more intenders on board, contributing to the mass adoption of crypto ahead,” Johnny LYU, the Chief Executive Officer at KuCoin Global, said in an official statement.
Does KuCoin have a fiat onramp?
KuCoin stated that the new funding method would primarily focus on the USD at inception while support for up to 50 coins will be provided shortly.
Fiat-On-Ramp is the easiest way to buy KuCoin in Europe with KuCoin’s integration of SEPA payments. SEPA support is a significant milestone for KuCoin because it provides a single euro payment system created by the EU.
Regulatory pressures are fast forcing many exchanges to pull out their fiat support services in key crypto hotspots around the world. Following a wave of crackdowns on the Binance exchange, the trading platform has had to suspend its fiat support for its users in Singapore, South Korea, and South Africa amongst others.
The provision of USD fiat support globally showcases that the KuCoin Exchange is threading on a clear path in terms of regulatory standing. According to the trading platform, other fiat currencies to be integrated shortly include EUR, AUD, GBP, and RUB.