Are you new on KuCoin? Do not have any experience in this platform? Read our article on KuCoin Exchange – step by step guide. This is a top Bitcoin exchanges on the cryptosphere.
KuCoin is a world-class blockchain asset exchange which has its own cryptocurrency – KuCoin Shares (KCS). It doesn’t offer margin trading. And they aim to be a more user-friendly exchange than the other traditional exchanges available today. But one thing is important to note that they have not disclosed whether there is any minimum investment required.
Basically, KuCoin is a cryptocurrency exchange based in Hong Kong. KuCoin cryptocurrency exchange was launched on September 15, 2017. You know, KuCoin was the result of years of hard work by the founding members. And it was explored and researched before getting launched in 2011. At present, the number of trading pairs are limited when compared to other exchanges. However, It does have most of the common altcoins and is adding more coins on daily basis.
KuCoin token or KCS is issued by the KuCoin Exchange. The token has recently maintained a cap of over 1 billion USD. The KCS is an ERC 20 token based on the blockchain of Ethereum. KCS can be stored safely on those wallets which are ERC-20 supported, such as MyEtherWallet.
KuCoin Shares are the Ethereum based token which belongs to the exchange similar to BNB on Binance. It’s a decentralized cryptocurrency and can be bought on the exchange directly. They’re called KuCoin Shares because of their acting like shares in the exchange. And they award variety of bonuses including income from fees, lower trading fees, and other special services. Users those who hold the KCS, get discounts on their trades. Again, they might jointly be awarded 50% of the trading fees.
KuCoin Exchange – Step By Step Guide
Step 1: Go To KuCoin Website
At first, you will have to go to KuCoin website. In this case, you have to open the website in a new window and it will be easier for you to follow the guide. Then, you can bookmark the website page. Because it will help you to check out the website easily as there are many fake sites exactly like the actual site.
This is first step of KuCoin Exchange- step by step guide for the beginners.
Step 2: Sign-Up
The sign-up process is really very simple. You have to go to the homepage and click the Sign Up option in the top right. You have to accept the terms and conditions to enter your email & password. And the very important thing here is to choose a strong password. Then, you have to press the Next button which will send you a confirmation email containing a link.
This is the second step of KuCoin Exchange – step by step guide.
Step 3: Enable 2-Factor Authentication
It’s very necessary that you enable two-factor authentication on every cryptocurrency exchange you use, and very similarly in the case of KuCoin. Because it will add an extra security level to your KuCoin account. There are endless stories of individuals losing much dollars because of not using two-factor authentication process on a cryptocurrency exchange. Two-factor authentication means that KuCoin will require that you enter a temporary code which is sent to your cell phone each time you use to login.
Usually KuCoin uses Google Authenticator. Now you have to go the Settings tab which is on the right side and find the tab heading Google 2-Step. When you will complete these first 3 steps, you are almost done with the basic account setup.
Step 4: Deposit Funds
Once your account created after than you need to deposit fund. In KuCoin there you will find a very clean and the modern layout throughout the full website. You will be able to see all available pairs for trading in their markets overview screen. Here you can see the most known and popular coins, and some other new and rare coins too.
At first, to deposit funds you have to go to Assets option and then to the option Deposit. Now you can select the currency you want to deposit. Then, you have to read the disclaimer very carefully and click the Confirm button to see the deposit address.
Then, you have to copy the deposit address and send the selected coins to this address from where your coins are stored. It can be your wallet or another exchange like Bitstamp. It may take at least an hour for the currency to reflect in your KuCoin account. Once the fund receive on your account, you will receive an email and then you will be able to see it under your assets.
Step 5: Trade On KuCoin
Now you can trade your assets for any other coin on the exchange when your assets have arrived in your account in this fifth step of KuCoin Exchange – step by step guide.
In this case, you have to select Markets from the top menu. And, then just select the desired pair from the table.
Say, you want to trade your Bitcoin for KuCoin. You have to start by selecting KCS/BTC pair market, and you’ll get to the next stage.
You can see, from the right, there you will have last trades made on the specific market. Then, on the left top you will get the chart where you can have the orderbook and you can buy and sell the available commands. On the bottom left, you can see the market depth. This is the chart orderbook. Here you can see where actually there are zones of large supply and zones of large demand. Then on the bottom middle, you can see your active orders. And on the bottom right, you will see the button Buy KCS or Sell KCS.
Step 6: Withdraw To Your Wallet (Optional)
You can withdraw those KuCoin to your wallet, if you have one on this sixth step of KuCoin Exchange – step by step guide. You have to go the option Assets and then to the Withdrawal. Then, you will have to select the KuCoin in the dropdown. You have to input the address of your wallet and the amount of KuCoin you want to withdraw.
KuCoin is getting popular day by day for its low trading fees and no fees on deposit actually, encouraged by high level of security and great user interface. KuCoin is one of the popular crypto trading exchange moreover it’s rank 29 as per coinmarketcap. Its daily trading volume is $53,526,736 where more than 12% goes to trading currency pair R/BTC (Revain/Bitcoin). Then, the second most traded currency pair BTC/USDT is taking more than 6% of trading volume. And, at the moment you are able to trade a massive 268 pairs on the KuCoin trading platform.
As you have read our KuCoin Exchange – step by step guide, start right now to trade in these following information.