What does 'hold' mean on KuCoin and how does it relate to cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! On KuCoin, 'hold' refers to the act of keeping your cryptocurrencies in your KuCoin wallet without actively trading them. It's like holding onto your assets instead of selling or exchanging them. By holding your cryptocurrencies, you can potentially benefit from price appreciation or earn passive income through staking or lending programs. It's a common strategy for long-term investors who believe in the future growth of their chosen cryptocurrencies.
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• Dec 16, 2021 · 3 years ago
  When you 'hold' on KuCoin, it means you're not actively buying or selling cryptocurrencies. You're simply keeping them in your wallet, waiting for the right time to make a move. Holding can be a good strategy if you believe in the long-term potential of the cryptocurrencies you own. However, it's important to stay updated with market trends and news to make informed decisions about when to hold or sell your assets.
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• Dec 16, 2021 · 3 years ago
  Holding on KuCoin is similar to holding on other cryptocurrency exchanges. It means you're not actively trading your cryptocurrencies and instead keeping them in your wallet. By holding, you can potentially benefit from price increases in the future. However, it's important to do your own research and consider factors like market conditions, project developments, and risk tolerance before deciding to hold or sell your cryptocurrencies. Remember, investing in cryptocurrencies involves risks, so always make informed decisions.
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