KuCoin realizes the possibility of instant deposit / withdrawal of funds in US dollars

This Monday, the KuCoin cryptocurrency exchange 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 perform operations in the opposite direction. The possibility depositing/withdrawing funds in dollars will be realized together with a strategic partner whose name the exchange does not specify.

Also, KuCoin published a video in which it demonstrated how the new feature will work. For example, the user will be able to enter the desired BTC number for the purchase on the exchange website, then receive information on the required amount in US dollars and a QR code, which will need to be scanned using the wallet application for further confirmation of the transaction.

The exchange does not specify what restrictions will apply to the use of the service and the size of the applicable fees.