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Why should I use the "hold" button on KuCoin when dealing with cryptocurrencies?

avatarMadhu PujariDec 17, 2021 · 3 years ago3 answers

What are the benefits of using the "hold" button on KuCoin when trading cryptocurrencies?

Why should I use the "hold" button on KuCoin when dealing with cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Using the "hold" button on KuCoin can be beneficial because it allows you to keep your cryptocurrencies in your wallet without selling them. This can be useful if you believe the value of the cryptocurrencies will increase in the future and you want to hold onto them for potential profit. It also provides a convenient way to manage your portfolio and make quick decisions without having to go through the process of selling and rebuying.
  • avatarDec 17, 2021 · 3 years ago
    The "hold" button on KuCoin is like a pause button for your cryptocurrencies. It gives you the flexibility to temporarily stop trading and hold onto your assets. This can be helpful during times of market volatility or when you want to take a break from actively managing your portfolio. By using the "hold" button, you can avoid making impulsive decisions and potentially minimize losses.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to trading cryptocurrencies, it's important to have options. KuCoin's "hold" button provides you with the flexibility to choose when to sell or hold your assets. This can be particularly useful if you're following a long-term investment strategy or if you want to take advantage of potential price increases. By using the "hold" button, you can have more control over your trading decisions and potentially maximize your profits.