KuCoin Implements Instant US Dollar Deposit / Withdrawal The KuCoin cryptocurrency exchange this Monday announced the upcoming "launch of the first of its kind option", thanks to which users can instantly buy cryptocurrency for US dollars and make transactions in the opposite direction. The ability to deposit / withdraw funds in dollars will be implemented in conjunction with a strategic partner, the name of which the exchange does not specify.

KuCoin implements the ability to instantly deposit / withdraw funds in US dollars

Cryptocurrency exchange KuCoin this Monday announced the upcoming "launch of the first of its kind option", thanks to which users will be able to instantly buy cryptocurrency for US dollars and make transactions in the opposite direction. The ability to deposit / withdraw funds in dollars will be implemented in conjunction with a strategic partner, the name of which the exchange does not specify.

Also today KuCoin posted a video showing how the new feature will work. For example, a user will be able to enter the desired number of BTC for a purchase on the exchange website, and then receive information about the amount required for deposit in US dollars and a QR code that will need to be scanned using a wallet application to further confirm the transaction.



What restrictions will apply to the use of the service and the amount of applied commissions, the exchange does not specify.

At the end of March, KuCoin announced the resumption of fiat deposits through the Simplex service.

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