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How does the "hold" button on KuCoin affect the trading of digital currencies?

avatarKietDec 26, 2021 · 3 years ago1 answers

Can you explain how the "hold" button on KuCoin impacts the trading of digital currencies? What are the implications of using this feature?

How does the "hold" button on KuCoin affect the trading of digital currencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    As an expert in the digital currency industry, I can say that the "hold" button on KuCoin is a feature that can significantly impact your trading experience. When you activate this button, it effectively locks your funds and prevents any trades or transfers from occurring. This can be useful if you want to secure your assets and avoid any accidental transactions. However, it's important to note that while your funds are on hold, they are not generating any returns or participating in the market. So, if you're looking to actively trade or take advantage of price movements, it's best to keep your funds unrestricted. Overall, the "hold" button on KuCoin provides users with an additional layer of control and security, but it's crucial to consider your trading strategy and goals before using this feature.