The collapse of FTX has been an important cryptocurrency news this week. Its challenges got here a couple of months after different centralized exchanges (CEX) like Voyager Digital, Celsius, and BlockFi. Subsequently, there are issues in regards to the security of centralized exchanges and their tokens. Listed below are a few of the prime CEX tokens to keep away from.
Kucoin Token (KCS)
KuCoin is without doubt one of the greatest crypto exchanges on this planet. In Might, the corporate raised $150 million at a valuation of over $10 billion from the likes of Bounce Crypto, Circle Ventures, and IDG Capital. It has over 27 million prospects. Along with its change, the corporate is exploring changing into a serious participant in different industries just like the metaverse and gaming.
In an announcement this week, KuCoin’s CEO reiterated that the change was fully secure and that it was able to deal with any outflows. He talked a couple of main hack that occurred within the change in 2021, which it managed to cowl internally.
He additionally added that the corporate will launch its Merkle tree proof-of-reserves in a single month’s time. KuCoin Token value has crashed by greater than 6% previously 24 hours and over 19.54% previously 7 days.
The best way to purchase KuCoin Token
As KCS is such a brand new asset, it is but to be listed on main exchanges. You possibly can nonetheless buy KCS utilizing a DEX (decentralised change) although, which simply means there are a couple of further steps. To purchase KCS proper now, comply with these steps:
1. Purchase ETH on a regulated change or dealer, like eToro ›
We advise eToro as a result of it is one of many world’s main multi-asset buying and selling platforms, an change and pockets all-in-one with a few of the lowest charges within the trade. It is also beginner-friendly, and has extra cost strategies obtainable to customers than some other obtainable service.
2. Ship your ETH to a suitable pockets like Belief Pockets or MetaMask
You may must create your pockets, seize your deal with, and ship your cash there.
3. Join your pockets to the 1Inch DEX
Head to 1Inch, and ‘join’ your pockets to it.
4. Now you can swap your ETH for KCS
Now that you just’re related, you’ll swap for 100s of cash together with KCS.
OKX (OKB)
OKX is a Seychelles-headquartered firm that serves greater than 20 million customers in over 100 nations. It gives companies like spot, margin, futures, choices, perpetual swaps, DeFi, and OTC buying and selling amongst others.
OKB is the ecosystem’s native token. Like FTX’s FTT, the coin’s holders get buying and selling payment low cost that saves them as much as 40% reductions. It’s also used for passive earnings. Additionally, customers can use it in locations like Coinrule, Cobo, and Bitpie. OKB has a complete provide restrict of 300 million cash and burns a lot of them each three months.
The best way to purchase OKB
Huobi Token (HT)
Huobi International is without doubt one of the greatest Chinese language exchanges on this planet. The corporate was began by Leon Li, a number one entrepreneur within the nation. Huobi skilled substantial development a couple of years in the past. This occurred as cryptocurrencies grew to become extra common in China.
Lately, nonetheless, the corporate skilled sluggish development after China banned digital cash. It additionally skilled substantial competitors from the likes of Binance and Coinbase. Final month, Leon exited his stake and offered it to About Capital, a agency related to Justin Solar. Whereas Huobi is doing effectively now, there are issues about most offshore exchanges.
The best way to purchase Huobi Token
KuCoin
Kucoin is a cryptocurrency change which gives over 200 cryptocurrencies.
Kucoin has a variety of companies, comparable to; a built-in peer-to-peer change, spot and margin buying and selling, financial institution degree safety and a variety of accepted cost strategies.
Customers can profit from a beginner-friendly interface and comparatively low charges.
Coingate
CoinGate is a Lithuanian-based fintech firm based in 2014. The cost gateway gives cryptocurrency cost processing companies for companies of any sizes. Permission-based account administration, fiat payouts to the checking account and model new e-mail billing characteristic are just some the explanation why CoinGate has change into a go-to cost processor for a lot of.