What is KuCoin?

Kucoin is a reliable cryptocurrency trading platform that has been operating since 2017.

It is well known for its sleek user interface and low trading fees with access to over 400 trading pairs.

Other than the standard Spot trading feature, Kucoin also has additional cool features such as

• Margin Trading
• P2P
• Futures
• Trading Bots

Why Buy Crypto on KuCoin

Kucoin is your gateway to access many different coins on different blockchains due to its easy-to-use interface and immediate access to "gateway" coins on different blockchains.

For example, if you want to purchase tokens on the Binance smart chain ( BSC ), you can first get your BNB token on Kucoin ( The native token on BSC ) and then transfer it over to your Binance Smart Chain Wallet via Kucoin's built-in BEP-20 network transfer to make purchases on Pancake Swap.

Now that you know the importance of Kucoin, here are the exact steps to get started!

1. Sign Up for KuCoin Account

The very first thing you need to have is a KuCoin account.

1. On the homepage, click the Sign Up Now button
2. Choose whether you want to register using your email or phone number.
3. Follow the instructions given for the sign up mode you have chosen.
4. Confirm your email or phone number using the verification method that KuCoin has instructed you ( Usually OTP for phone and a verficiation email for email address. ).
5. Login to your newly created account.

2. Secure Your KuCoin Account

KuCoin requires you to secure your account with Two Factor Authentication ( 2FA ) for additional security purposes if you want to trade.

1. Go to the account tab in the header and click "Account security"
2. Download the Google Authenticator application on your Mobile phone
3. Click on Google Verification and follow the Steps given to bind your KuCoin account to your Google account

3. Verify your identity with KYC Verification

Know Your Customer (KYC) is designed to prevent money laundering by putting a name and face to an account.

On KuCoin, KYC verification is a requirement for withdrawing larger amount up to 1 BTC daily.

It is not compulsory if you do not want full privileges in KuCoin.

Before KYC, you will need to verify your contact information first in Step 2, after verifying here is what you do:

1. Go to the account tab in the header and click "KYC Verification"
2. Click the Start Verification button
3. Follow the instructions given by KuCoin such as keying in your Country and keying in your ID Number.
4. Check the Terms and conditions and submit

4. Funding your KuCoin account

Now that you have done your verification steps, you will need money in your KuCoin account to begin trading

1. Click the Assets button
2. Click Main Account ( Deposit & Withdraw )
3. Click on the Currency that you would like to deposit ( Most probably BTC if you have on-ramp on Coinbase or Binance )
4. Copy your KuCoin wallet address for the currency you want to deposit ( Do take note of the Memo too if it's required )
5. Paste your KuCoin address in the platform that you are using to convert fiat to BTC.

5. Start Trading on KuCoin

After depositing BTC or any other currency you may now start trading for other tokens on the Spot Market

1. Click on the Market Tab and you can see on the currencies
2. Select the asset that you have on the list to see the available trading pairs for the asset you have just deposited.
3. To buy, simply fill in the buy amount after clicking into the trading pair.

Tip: Make sure to check the Order History tab to confirm that your transaction is completed

How to Buy on KuCoin: Conclusion

Learning how to purchase crypto on KuCoin is very important as it is the bridge to many different DEXes that gives you access to other less accessible projects.

We hope that this guide has been useful in allowing you to utilise KuCoin to its fullest potential!