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Can you explain the functionality of the "hold" button on KuCoin and its impact on cryptocurrency trading?

avatarPaul ClancyDec 26, 2021 · 3 years ago1 answers

What is the purpose of the "hold" button on KuCoin and how does it affect cryptocurrency trading?

Can you explain the functionality of the "hold" button on KuCoin and its impact on cryptocurrency trading?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we understand the importance of having control over your cryptocurrency holdings. That's why we have implemented a similar feature called the "hold" button. When you click on the "hold" button on our platform, it freezes your coins and prevents any transactions involving them. This can be useful for investors who want to take a break from trading or for those who want to hold onto their assets during market fluctuations. However, it's important to note that the "hold" button is not a guarantee of any specific outcome and users should carefully consider their investment strategies before using this feature. As with any investment, it's important to do your own research and make informed decisions based on your individual financial goals and risk tolerance.