KuCoin is a cryptocurrency trading platform that was founded in 2017 and caters mostly to traders and investors.
KuCoin’s numerous features provide a lot of value. It also includes P2P, futures, and margin trading, in addition to its smooth, user-friendly UI and the regular trading platform fare.
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On the crypto wallet, users can trade over 400 different cryptocurrencies, making it one of the most comprehensive lists of cryptocurrencies available on any exchange site. It also offers some of the lowest base costs among the current main crypto market exchanges, which adds to its appeal.
In other words, KuCoin is a fantastic choice if you’re seeking a beginner-friendly cryptocurrency with a stable trading environment and low transaction fees.
How to Purchase Cryptocurrency on KuCoin
On KuCoin, you can trade hundreds of cryptocurrencies after purchasing your first one.
Thankfully, whether you’re using the app or the desktop version of KuCoin, it’s designed to be user-friendly. You only need to provide an email address or a phone number to register. However, you will only get access to a limited set of functions.
If you wish to use all of KuCoin’s services and benefits, you must first complete a registration and verification process.
The sections that follow will show you how to acquire cryptocurrency on KuCoin.
1. Create a KuCoin account.
First and foremost, you must have a KuCoin account. You can do so by going to KuCoin’s website and then following the steps outlined below.
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Look for the Sign Up Now button on KuCoin’s webpage and click it.
Select whether you wish to register using your email address or your phone number.
You’ll need to provide your phone number for the Phone option. A code will be sent from KuCoin. Set your password by entering the code into the form.
You’ll need to follow the identical steps for the Email option, only the code will be sent to you by email.
Check the box next to the Terms of Service and then click the green Sign Up button.
Click Next after completing the CAPTCHA.
If everything is in order, KuCoin will send you a confirmation letter to your email address.
Go to your email account and sign in. Wait a few minutes or check your spam bin if you can’t find it in your inbox.
Open the email to click the confirmation link once you’ve located it.
This will return you to the login screen. Open your personal KuCoin account by entering your details.
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2. Keep your KuCoin account safe.
Two-factor authentication (abbreviated as 2FA) is used by KuCoin to keep your account secure.
Two-factor authentication, or 2FA, is a sort of multi-factor authentication that adds an extra layer of security to your account. To enable it, you must give at least one additional piece of information in addition to your login credentials, hence the term “two-factor authentication.”
Although 2FA isn’t activated by default on the KuCoin platform, it is required if you want to proceed with your account creation.
To set up two-factor authentication for your KuCoin account, follow the steps below.
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When you first log in to your account, you’ll receive a pop-up box reminding you to enable your 2FA setting. Click “Bind 2-Step Verification” under Accounts.
To protect your backup key, follow the on-screen instructions and then click Next.
On your smartphone, install the Google Authenticator app.
Scan the barcode on the screen and type in the verification code. “Submit” should be selected.
To secure your KuCoin account, KuCoin will caution you not to unbind your 2FA from your phone’s Google Authenticator.
Congratulations, your KuCoin account has now been secured with 2FA. You may also add security questions to provide an extra layer of security.
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3. Verify Your Personal Information
By tying your account to your personal information, Know Your Customer (KYC) practices are aimed to strengthen the security of your account. Although you can use KuCoin without establishing your identity, you will be subject to a withdrawal limit until you complete the verification process.
As a result, if you want to fully utilize KuCoin, you’ll need to complete the KYC process. Follow the instructions below to do so.
You must first validate your email address after setting up your 2FA and security questions. Check your email address for a message from KuCoin. Click the Confirm button or the accompanying link to confirm your request.
This should redirect you to a KuCoin page where you may confirm your verification.
After that, select the account type you have and click the blue Continue button.
The requirements for your KYC verification will be displayed in the following window. Continue to the next step by clicking Continue.
Fill in all of the mandatory fields. You must also supply a copy of your valid identification.
To double-check that you’ve completed all of the steps correctly, go to Account Security and make sure that each step says Completed.
Your information will be reviewed by KuCoin. If everything seems good, you should get a confirmation email soon.
Go to Overview to check your verification status. Once you’ve been authorized, your account status will change to Verified.
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4. Connect Your Funds to Your Account Make a deposit into your account
You can start trading now that your account has been verified. Learning how to finance your account is the first step.
Click the Assets button on the platform.
Select the asset you want to deposit or search for it in the search bar.
Next to your chosen asset, click the Deposit option.
Fill in your wallet address in the next field. A QR scanner can also be used to scan the barcode.
Before you finalize your deposit, KuCoin will offer you a screen with instructions. Make sure your wallet address is correct first.
Finish the transaction.
Everything is visible under the Deposit History tab if you want to review your transactions.
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5. KuCoin is a cryptocurrency that you can start trading with right now.
As soon as your account receives the assets you sent, which shouldn’t take long, you can begin trading to generate money.
Navigate to the Markets tab once your asset has been deposited into your account.
From the list, choose your asset and then click the Trading icon next to it.
To purchase, enter your desired amount in the Buy form and click Buy. For the Sell option, the procedure is the same.
Check the Open Orders button to see all of your current orders, or the Trade History option to see your history. Aside from that, the KuCoin platform allows you to engage in various types of trading.
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How to Buy on Kucoin App
KuCoin is a potential cryptocurrency exchange that is quickly gaining traction because of its user-friendly platform and minimal fees.
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KuCoin registration, identity verification, and trading are all simple processes that can be completed in under an hour. If you’ve made it this far, you now know how to acquire KuCoin and begin trading your cryptocurrency of choice.
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