KuCoin test & experiences ▷ Everything about the crypto-exchange!

KuCoin

Our Kuoin Stock Exchange Guide contains everything you need to know to get started with crypto currency trading. We show you how to set up a Kucoin account. As always, we must remind you not to invest money you cannot afford to lose, and you should always do your own research before investing in a crypto currency.

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Who is behind the KuCoin Team?

Team

Source: https://intro.kucoin.com/

KuCoin is a crypto exchange founded by a group of blockchain enthusiasts who have a proven track record with major companies such as GF Securities and Ant Financial.

The KuCoin project started already in 2011 with a detailed block chain research. The platform was already developed in 2013. It was not until 2017 that the team felt that the platform was solid enough for the start and since then the stock market has grown dramatically.

Unlike Coinbase, KuCoin is completely a crypto to crypto exchange and does not allow regular currency deposits (e.g. USD, EUR and GBP). Instead, users exchange their Bitcoin or Ethereum bought on Coinbase for other crypto currencies. Sounds complicated? Don't worry, we will guide you through the process in this article.

Why should you open an account?

Coinbase is usually the first platform that is presented to people when they start to deal with crypto currencies. However, most people do not want to limit themselves to trading cryptos such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin. There are so many exciting crypto currency projects (also called Altcoins ) with potential. To get them, you need to use a crypto exchange like KuCoin.

KuCoin has earned a reputation for quickly listing crypto currencies when they come out of the ICO and has a wide range of crypto currencies (150+ cryptos). If an exciting crypto currency is not available on Binance, KuCoin is our next option.

The wide range of crypto currencies available on the exchange, combined with a super user-friendly interface, has contributed to KuCoin's explosive growth over the last year.

How to open an account

KuCoin account

KuCoin key data:

  • Large selection of crypto currencies: KuCoin offers you the possibility to exchange about 150 different crypto currencies. The exchange has a reputation for quickly listing projects that have just completed their ICOs.
  • User-friendly: We think that 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 that you see "Secure" in the upper left corner of the URL bar. This check is to ensure that you are on the official website and not on a fake one operated by hackers. Then simply click on the "Sign in" button.

Enter your data

Registration Form

Once you have accepted the terms and conditions, you will be asked to create a password and enter your email address. Then click on 'Next'.

In order to prove that you are a real person, you will then be asked to confirm your identity as a human being via a "SecureCaptcha".

Riddle

E-mail activation

An activation email will then be sent to your registered email account. Click on the link to activate your account. Can't find the email? Make sure that you have checked your SPAM folder.

E-mail activation

Securing your account

You will then be forwarded to the overview page of the KuCoin account. The next steps are to make your account as secure as possible and to check your account.

Account security
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Account verification

After you click 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 verified shortly.

Account verification

Setting up Google 2-factor authentication

Select Google 2-Step on the radio button, then you will be prompted to install the Google Authentication App on your mobile device.

2-stage authentication

A secret key is generated. Make sure you write this down so that you can access your account again if you lose your phone.

Finally, simply scan the QR code with your Google Authenticator app and a 6-digit verification code is generated.

Simply enter the code in KuCoin to complete the 2-step verification.

2-stage verification

Setting up security issues

The last thing you should do to secure your account is to set up your security questions. In the Options window, select Security Questions.

Security issues

You can select and fill in your security questions.

The account should now be secure and ready to use!

How to send crypto currencies to your KuCoin account

Once you are logged in to your account, click on the "Assets" button in the navigation bar. Then simply search for the crypto currency you wish to deposit to the exchange.

Transmission

As soon as you click on the "Deposit" button, you will see your KuCoin deposit address for the chosen crypto currency. Use this address as the recipient address when sending funds to the stock exchange.

Depot

IMPORTANT: Make sure that you only send Ethereum to one Ethereum address, Bitcoin to one Bitcoin address and so on. Otherwise you may lose money.

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How can cryptos be transferred from Coinbase to KuCoin?

A common question we are asked is how do we transfer cryptos from Coinbase to KuCoin? For this you need your KuCoin deposit address for the crypto currency to be transferred (see section above).

Then log in to your Coinbase account, click on the "Accounts" button in the navigation bar and click on "Send" in the crypto currency wallet of your choice.

Coinbase An Kucoin

Then enter your KuCoin payment address as the recipient address in Coinbase and select the amount you wish to transfer. As soon as you click on Continue, your crypto currency will be sent to KuCoin.

IMPORTANT: Again, we must remind you to make sure that you send Ethereum only to one Ethereum address, Bitcoin to one Bitcoin address and so on. Otherwise, you may lose money.

How to buy crypto currency on KuCoin?

The first thing you have to do is to find the official abbreviation for the crypto currency you want to buy at KuCoin. This will help us to find the right market on the stock exchange. We will show you by the example of Electroneum:

  • Go to Coinmarketcap page.
  • Enter Electroneum in the search field.
Search field
  • Right next to the name of the electronum you will see the letters ETN in brackets. This is the official abbreviation for the crypto. In order to trade Electroneum, we know that we have to look for the ETN market.

In this example we will buy Elektroneum with Ethereum and select the ETN/ETH market to trade. However, you can use this method to buy any crypto currency on the exchange.

Exchange

Once you have found the market, simply click on it to get to the trading screen.

When you are redirected to the trading screen, you will need to enter your two-factor authentication code to begin trading.

Trading screen

You will now see the full trading screen. It looks complicated at first glance, but don't be put off. Simply enter the amount of ETN you wish to buy into the "Amount" field and click "Buy". You can also click on "max" to spend your entire KuCoin credit on ETN.

Graphic

As soon as you have clicked on "Buy", your trade will be settled and your Electroneum will appear in your KuCoin account.

How can you withdraw crypto from the stock market?

Even though We can recommend the KuCoin exchange rate, you should withdraw your crypto currency from the exchange and transfer it to your personal wallet. Why should you consider this? The reason is that a large number of crypto currencies are stored in stock exchanges, which makes them big targets for hackers. Controlling your own crypto currencies is better than trusting a stock exchange to keep your crypto currencies secure.

We will show you how you can withdraw your funds from the stock exchange:

  • Once you are logged in, click on the "Assets" button at the top of the KuCoin website. Then search for the crypto currency you wish to transfer and click on the "Withdraw" button.
Payment
  • Then enter the public address of the wallet to which you wish to send your crypto, the amount you wish to withdraw, the answer to the security question and the 2FA code and confirm with a click. As soon as this has been done, your crypto currency will be transferred from KuCoin to your wallet and saved.
Account Screen

Note: KuCoin will always display the fee. Just make sure that you are satisfied with the fee before you click on the "Confirm" button.

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Is KuCoin safe?

The work on the KuCoin stock exchange began as early as 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 its own strict internal standards.

customer support

KuCoin offers a FAQ section. However, we are of the opinion that the best method of support is through the 24/7 e-mail support on support@kucoin.com. Thanks to the KuCoin e-mail support we have always received answers 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 like.

When it comes to the KuCoin trading fees, there is an exchange fee of 0.1% per trade. The exchange charges an additional fee for the payout of your funds from the platform, the KuCoin payout fee depends on the crypto currency you pay out and it is a fixed fee. To find out how much it will cost you to withdraw your crypto currency, just look at the official statement of fees here.

KuCoin App

app download

KuCoin have released their IOS and Android app. Currently the apps are only available in BETA, but fully functional. The exchange is currently evaluating user feedback to make adjustments, add features and improve the user interface.

We think that the app looks good and are happy that KuCoin takes 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 to download the KuCoin iPhone App. (Unfortunately only in English)
  • Android: Click here to download the KuCoin Android App.

Conclusion

As always, it is up to you whether you use the KuCoin exchange or not. We can share our opinions about the exchange:

Advantages

  • Simple and easy to use user interface. KuCoin makes it easy to exchange one crypto currency for another.
  • Over 150 crypto currencies are available on the platform. This large selection makes KuCoin the exchange we use when a crypto currency is not available on Binance.
  • The stock exchange is exceptionally well thought out, as it has been in existence for 7 years.

Disadvantages

  • Does not accept regular currency deposits (USD, EUR and GBP).

In conclusion, we believe that KuCoin is a great, user-friendly, centralized exchange.

Frequently asked questions: 

KuCoin is a crypto exchange founded by a group of blockchain enthusiasts who have a proven track record with major companies such as GF Securities and Ant Financial.

Coinbase is usually the first platform that is presented to people when they start to deal with crypto currencies. However, most people do not want to limit themselves to trading cryptos such as Bitcoin, Ethereum, Bitcoin Cash and Litecoin. There are so many exciting crypto currency projects (also called 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 on the link to activate your account. Can't find the email? Make sure that you have checked your SPAM folder.

Do you want to trade crypto currencies with the best conditions?
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Rebecca Tilden

There is no doubt that crypto currencies and the underlying technology are our future. Rebecca Tilden strives to make the transition easier for everyone by providing useful information to be part of the revolution.

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