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
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!
The very first thing you need to have is a KuCoin account.
KuCoin requires you to secure your account with Two Factor Authentication ( 2FA ) for additional security purposes if you want to trade.
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:
Now that you have done your verification steps, you will need money in your KuCoin account to begin trading
After depositing BTC or any other currency you may now start trading for other tokens on the Spot Market
Tip: Make sure to check the Order History tab to confirm that your transaction is completed
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!