KuCoin, the People Exchange, is a trustworthy exchange platform for cryptocurrency investors. It offers a wide variety of supported assets and services, as well as low trading fees. The platform is intuitive enough for beginners, but advanced features are also available to get benefited for the experienced traders. If you are new, then join KuCoin via the Referral link and get a $10 Bitcoin bonus and 5 tokens from KuCoin.
So, continue reading to the last to know how to buy on KuCoin step by step.
How to Trade on KuCoin: Step By Step
Step 1:
Sign-up at www.kucoin.com, download the Kucoin App (Android/iOS), click on the ‘Trade’ tab, and click ‘Spot.’
Step 2:
After registering yourself on KuCoin, you will be redirected to the trading market. You will see different tabs depending on which market tab you want to see.
The options are Stable Coin (USDⓈ), Bitcoin (BTC), KuCoin Token (KCS), ALTS (Includes Ethereum (ETH), and Tron (TRX)), and several hot markets. Not all tokens are paired into every market, and the prices may vary depending on the market you are looking at.
You can buy any of the cryptos you may like BTC, ETH, and more.
Step 3:
To ensure your security, you must enter your trading password before trading. Once you enter it, you won’t need to do it again for the next 2 hours. It is highlighted in the red box below.
Step 4:
KuCoin offers four order types. Choose the order type and enter your order details. The description and operation of these order types are detailed as follows.
What is KuCoin
Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 400+ digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions worldwide.
KuCoin is a cryptocurrency exchange aiming to provide safe and convenient digital asset transactions. This blockchain asset exchange boasts its easy-to-use platform, safe trades, 24/7 Customer Support, low transaction fees, and fast withdrawal.
Kucoin Features
KuCoin is one of the biggest cryptocurrency exchanges out there, mainly because they offer a wide variety of services and features.
Over the years, KuCoin has developed a strong following. How? Through its firm reliance on a tried and tested admixture of features that distinguish it from the competition. These features include:
- Customer service
- The KuCoin team
- KuCoin Shares
- API
- Scalability
- Safety and security
If you are an experienced cryptocurrency trader and have the most understanding, you can get the most KuCoin advanced features, low fees, and a wide range of coins.
However, KuCoin is not licensed to operate in the U.S., and you may need to go with self KYC. Read the full KuCoin KYC review to find out if you should open an account.
How KuCoin works
Digital wallets have the ability to trade currencies As you know, KuCoin is introduced as an exchange, so in fact, its main function is digital currency trading. KuCoin lets you buy, sell, and store a wide range of digital assets. It has an excellent web interface and a mobile cryptocurrency app (Available for iOS and Android).
As we discussed above, the KuCoin verification process is optional so that you can trade crypto with just an email address or mobile verification. However, U.S. people can’t do this due to crypto regulation.
KuCoin offers two services, custodial and noncustodial service. That means you can store digital assets directly on KuCoin exchange or connect a third-party wallet directly and trade from KuCoin. And this is an excellent option for those who prefer to keep their crypto under control. Also, KuCoin offers standard features, such as trading bots, leverage, and a margin option.
You can buy KuCoin’s native token (KCS) to reduce fees and earn rewards.
KuCoin Pros & Cons
| Pro’s | Con’s |
|---|---|
| Intuitive and beginner-friendly platform | Low trading volume |
| 400+ cryptocurrencies available | No bank deposits |
| Fiat onramp | Complicated interface for newbies |
| Powerful trading engine by TradingView | No fiat trading pairs |
| Zero-fee P2P marketplace | |
| Futures and margin trading (up to 10x leverage) | |
| KuCoin trading bot | |
| 24/7 customer support | |
| Bank-level asset security | |
| Only partial KYC verification required | |
| Noncustodial trading available | |
| Mobile app for iOS and Android |
