How to Make a Trade on KuCoin - A Comprehensive Guide

If you’re new to cryptocurrency, you may find the idea of trading to be pretty intimidating. After all, it involves purchasing and selling cryptocurrencies on exchanges, and it can look like an incredibly complex process. 

But don’t worry — there are many ways to get involved in crypto trading without having to break out your spreadsheet or calculator every time you make a trade! 

In this comprehensive guide on how to make a trade on KuCoin, we’ll walk you through everything from choosing the right cryptocurrency exchange for your needs to leveraging advanced trading tools once you get the hang of things. Let’s dive in!

About KuCoin

The cryptocurrency exchange, KuCoin, was created in 2017 and has since grown into one of the most popular exchanges worldwide with over $100m worth of transactions every day and over 500 cryptocurrencies available to trade. 

With so many options to trade, it can be hard to choose where to start or how to execute your first trade on the platform. 

You’ll find that this comprehensive guide on how to trade on KuCoin will help you with everything from setting up your account and navigating the interface to finding the best trading opportunities based on the current market trends

Creating an Account

KuCoin is an international cryptocurrency exchange. To create an account, complete the following steps: 

1. Go to the homepage and click on Sign Up in the top right corner. 

2. On this page, you will be asked for your email address and password. 

3. Next, you will need to verify your email address by clicking the link that is sent to your inbox. 

4. Then, choose a strong password (including upper and lowercase letters, numbers, and special characters) for your account. 

5. You should also set up two-factor authentication using Google Authenticator or SMS. 

6. Lastly, read the terms of use and agree to them before proceeding. 

Now you can log into your account!

Depositing Funds

The next step is depositing funds from your wallet. This can be done by following a few simple steps: 

1. Click the Deposit button in the navigation bar, which will bring you to the deposit page

2. Select the cryptocurrency of your choice and enter the amount you want to deposit

3. Click Confirm 

4. After confirming, your funds will arrive in your account in less than 30 minutes

KuCoin wallets are very secure, so you don’t have to worry about the security of your funds in the app, as long as you do not provide your login credentials to someone else. 

Buying Cryptocurrency

There are several ways that you can buy cryptocurrency on KuCoin:

• The first way is to use your bank account or debit card. This option takes one or two days to complete and requires verification of your identity, as well as some sensitive information like your social security number. KuCoin accepts Visa, Mastercard and fiat currencies. 

• The second option is a P2P (Peer-to-peer) transaction which involves purchasing fiat currency via local bank transfer. This also takes just a few minutes and requires verification of identity. 

• The third and most direct way is through the use of Bitcoin. If you have any Bitcoin, then all you need to do is send them to the address of the cryptocurrency you want to purchase. From there, you will be given an address where you should deposit money in order to complete the transaction. You will then receive your coins once they are transferred back to your wallet.

• You can also buy crypto on KuCoin via third parties; for example, Banxa, Simplex and BTC Direct. 

Selling Cryptocurrency

If you're looking for a way to buy cryptocurrency, you've come to the right place. We'll take you through step-by-step instructions on how you can start investing in digital currency today. 

1. Click the Buy/Sell tab at the top of this page. 

2. Select whether you want to buy or sell BTC or ETH using your credit card, debit card, or PayPal account. 

3. Fill out all necessary fields including your phone number (in case we need to contact you), name, email address, bank account number (if buying cryptocurrency with a bank transfer), and the amount of coins you would like to purchase. 

4. After submitting your details click Next and review everything before proceeding. 

5. On the following screen click Confirm Order. 

Congratulations! You have just sold crypto on KuCoin!

How to Trade on KuCoin Exchange 

KuCoin is an international digital exchange that provides various cryptocurrency trading pairs. If you want to trade on the platform, there are some things you need to do before you can start. 

First, you must create an account and verify your email address by clicking the verification link in your email. 

Second, you will need to complete know-your-customer (KYC) requirements so that KuCoin can determine if they are allowed to provide services in your country. 

Once you have completed the KYC process, KuCoin will not ask again unless they suspect something fishy is going on with your account i.e., if you are in violation of the platform’s terms and agreements or there is any illegal activity going on. 

Withdrawing Cryptocurrency

To withdraw cryptocurrency, you will need the address of the coin you want to withdraw. This is typically found in your wallet where you store your cryptocurrency. Once you have the address, go back to KuCoin and click withdrawal under Balance. 

The screen that pops up should have a button that says Withdrawal Address and then there should be an input box for the address of your wallet. Enter this information into the input box and hit send! 

Conclusion

When you’re looking to make a trade on the KuCoin cryptocurrency exchange, there are quite a few things you need to consider and prepare for before doing so. 

This step-by-step guide l walks you through the process from beginning to end, so you can buy, sell and trade cryptocurrencies like Bitcoin and Ethereum with ease and confidence.