🔥 KuCoin Test 2021: Exchange experiences & rating
Our Kuoin Exchanges Guide has everything you need to know to start trading cryptocurrency. We'll show you how to set up a Kucoin account. As always, we need to remind you not to invest money that you cannot afford to lose, and always do your own research before investing in any cryptocurrency.
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Who is behind the KuCoin team?
Source: https://intro.kucoin.com/
KuCoin is a crypto exchange founded by a group of blockchain enthusiasts who have proven their worth at big companies like GF Securities and Ant Financial.
The KuCoin project started back in 2011 with detailed blockchain research. The platform was developed back in 2013. It wasn't until 2017 that the team felt that the platform was solid enough to launch and the exchange has grown dramatically since then.
In contrast to Coinbase KuCoin is completely a crypto to crypto exchange and does not allow regular currency deposits (e.g. USD, EUR and GBP). Instead, users swap their Bitcoin or Ethereumthat were bought on Coinbase against other cryptocurrencies. Sounds complicated? Don't worry, we're going to walk you through the process in this article.
Why should you open an account?
Coinbase is usually the first platform people are introduced to when they start looking at cryptocurrencies. However, most of them do not want to trade in cryptos like Bitcoin, Ethereum, Bitcoin Cash and Litecoin restrict. There are so many exciting cryptocurrency projects out there (too Altcoins called) with potential. To get them, you need to use a crypto exchange like KuCoin.
KuCoin has built a reputation for listing cryptocurrencies quickly when they come out of the ICO and has a wide variety of cryptocurrencies (150+ cryptos). When an exciting cryptocurrency is on Binance is not available, KuCoin is our next option.
The wide range of cryptocurrencies available on the exchange combined with a super user-friendly interface has contributed to KuCoin's explosive growth over the past year.
How to open an account
KuCoin key data:
- Large selection of cryptocurrencies: KuCoin offers you the opportunity to exchange around 150 different crypto currencies. The exchange has a reputation for quickly listing projects that have just closed their ICOs.
- User friendly: We think KuCoin is one of the easiest exchanges we have ever used.
- Multilingual: Would you like to act in your mother tongue? The exchange offers translated versions of its website in over 10 languages.
- Customer support: We have had a great experience with KuCoin email support.
Registration
Once you are on the KuCoin website make sure you see "Safe" in the top left corner of the URL bar. This check is to make sure that you are on the official website and not a fake one operated by hackers. Then just click the "Register" button.
fill in your data
After accepting the terms and conditions, you will be asked to create a password and enter your email address. Then click Next'.
In order to prove that you are a real person, you will then be asked to confirm your identity as a person via a "SecureCaptcha".
Email activation
An activation email will then be sent to your registered email account. Click the link to activate your account. Can't find the email? Make sure you have checked your SPAM folder.
Securing your account
You will then be redirected to the overview page of the KuCoin account. The next steps are to make your account as secure as possible and verify your account.
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Account verification
After clicking on "Verify Identity" on the overview page, you will be asked to enter your personal information and upload a copy of your photo ID. Once submitted, your account should be reviewed shortly.
Set up Google 2-factor authentication
Select Google 2-Step on the radio button, then you will be asked to install the Google Authentication App on your mobile device.
A secret key is generated. Be sure to write this down so that if you lose your phone, you can regain access to your account.
Finally, just scan the QR code with your Google Authenticator app and a 6-digit verification code will be generated.
Simply enter the code in KuCoin to complete the 2-step verification.
Setting up security questions
The last thing you should do to secure your account is to set up your security questions. Select "Security Questions" in the options window.
You can choose and fill out your security questions.
The account should now be secure and ready to use!
How to send cryptocurrencies to your KuCoin account
Once signed into your account, click the Assets button on the navigation bar. Then just look for the cryptocurrency that you want to deposit into the exchange.
Once you hit the "Deposit" button, you'll see yours KuCoin deposit address for the selected cryptocurrency. Use this address as the recipient address when sending funds to the exchange.
IMPORTANT: Be sure to only send Ethereum to one Ethereum address, Bitcoin to Bitcoin address, and so on. Otherwise, money could be lost.
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How can you transfer cryptos from Coinbase to KuCoin?
A common question we are asked is how do we Cryptos from Coinbase transferred to KuCoin? You will need your KuCoin deposit address for the cryptocurrency to be transferred (see section above).
Then log into your Coinbase account, click the "Accounts" button in the navigation bar and click "Submit" in the cryptocurrency wallet you have chosen.
Then enter your KuCoin deposit address as the recipient address in Coinbase and select the amount you want to transfer. Once you click on Next, your cryptocurrency will be sent to KuCoin.
IMPORTANT: Again, we need to remind you to make sure that you are only sending Ethereum to an Ethereum address, Bitcoin to Bitcoin address, and so on. Otherwise, money could be lost.
How to buy cryptocurrency on KuCoin
The first thing you need to do is find the official abbreviation for the cryptocurrency that you want to buy from KuCoin. This will help us to find the right market on the exchange. We'll show you using the Electroneum example:
- Go to Coinmarketcap page.
- Enter Electroneum in the search box.
- Right next to the Electroneum's name you will see the letters ETN in brackets. This is the official abbreviation for crypto. In order to conduct our trade in Elektroneum, we know we need to look for the ETN market.
In this example, we are going to buy Elektroneum with Ethereum and select the ETN / ETH market to trade. However, you can use this method to buy any cryptocurrency on the exchange.
Once you find the market, simply click on it to go to the trading screen.
When you are taken to the trading screen, you will need to enter your two-factor authentication code to start trading.
You will now see the full trading screen. It looks complicated at first, but don't let that put you off. Simply enter the amount of ETN you want to buy in the "Amount" field and click "Buy". You can also click on "max" to spend your entire KuCoin balance on ETN.
Once you have clicked on "Buy", your trade will be processed and your Electroneum will appear in your KuCoin account.
How can you withdraw crypto from the exchange?
Even though we can recommend the KuCoin exchange rate, you should withdraw your cryptocurrency from the exchange and transferred to your personal wallet. Why should you consider this? The reason for this is that a large number of cryptocurrencies are stored in exchanges, making them great targets for hackers. Having control over your own cryptocurrencies is better than trusting an exchange to keep your cryptocurrencies secure.
We'll show you how to withdraw your funds from the exchange:
- Once logged in, click the Assets button at the top of the KuCoin website. Then find the cryptocurrency that you want to transfer and hit the "Withdraw" button.
- Then enter the public address of the wallet you want to send your crypto to, the amount you want to withdraw, the answer to the security question and the 2FA code and confirm with one click. As soon as this is done, your cryptocurrency will be transferred to your wallet by KuCoin and stored.
Note: KuCoin will always show you the fee. Just make sure you are happy with the fee before hitting the "Confirm" button.
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Is KuCoin Safe?
Work on the KuCoin exchange began back in 2011 and was built according to the standards of the financial world. Sensitive data in encrypted and additional security levels such as two-factor authentication have only increased the security of the platform. KuCoin also has its own internal risk and operations department, each with strict internal standards.
Customer Support
KuCoin offers a FAQ section at. However, we believe that the best method of support is through 24/7 email support on support@kucoin.com. consists. Thanks to the KuCoin email support, we always received replies within 24 hours.
KuCoin fees and limits
There are no deposit or withdrawal limits on KuCoin, you can make as much or as little as you want.
When it comes to KuCoin trading fees, there is a 0,1% exchange fee per trade. The exchange charges an additional fee for withdrawing your funds from the platform, the KuCoin withdrawal fee depends on the cryptocurrency you are withdrawing, and it is a fixed fee. To find out how much it will cost you to withdraw your cryptocurrency, just take a look at them official indication of the fees here at.
KuCoin app
KuCoin have released their IOS and Android app. Currently the apps are only available in BETA, but are fully functional. The exchange is currently reviewing user feedback to make adjustments, add features and improve the user interface.
We think the app looks good and are happy that KuCoin is taking the time to implement the changes requested by the community. The product is certainly not complete, but we must not forget that it is still in the BETA phase.
- IOS: click here for instructions on how to download the KuCoin iPhone app. (Unfortunately only in English)
- Android: click here to download the KuCoin Android app.
Summary
As always, it is up to you whether you use the KuCoin exchange or not. We can share our opinions on the exchange:
Benefits
- Simple and easy to use user interface. KuCoin makes it easy to exchange one cryptocurrency for another.
- Over 150 cryptocurrencies are available on the platform. This wide range makes KuCoin the exchange we use when a cryptocurrency is not available on Binance.
- The exchange is exceptionally well thought out as it has existed for 7 years.
Disadvantages
- Does not accept regular currency deposits (USD, EUR and GBP).
In conclusion, we think KuCoin is a great, easy-to-use, centralized exchange.
Frequently asked Questions:
KuCoin is a crypto exchange founded by a group of blockchain enthusiasts who have proven their worth at big companies like GF Securities and Ant Financial.
Coinbase is usually the first platform people are introduced to when they start looking at cryptocurrencies. However, most do not want to limit themselves to trading cryptos like Bitcoin, Ethereum, Bitcoin Cash and Litecoin. There are so many exciting cryptocurrency projects (aka altcoins) with potential. To get them, you need to use a crypto exchange like KuCoin.
KuCoin key data:
An activation email will then be sent to your registered email account. Click the link to activate your account. Can't find the email? Make sure you have checked your SPAM folder.