Kucoin is a cryptocurrency exchange platform that lets users purchase digital coins with fiat currency. Kucoin is one of the top 10 most popular cryptocurrency exchanges in the world. It has traded around $641 billion in transactions and has 851 million accumulated traders. Kucoin states that 1 out of every 4 crypto holders around the world uses their services.
How to Buy Crypto on KuCoin?
There are hundreds of cryptocurrencies on KuCoin. All you need to do is purchase your first cryptocurrency.
Fortunately, KuCoin is designed to be user-friendly whether you use either the mobile or desktop version. You only need to sign up using your email address or telephone number. But, this will only offer you the most basic of options.
If you’d like to enjoy the entire range of advantages and features that KuCoin offers, you will need to go through an application and verification process.
The next sections will show you precisely how to purchase cryptocurrency using KuCoin.
· Sign Up for a KuCoin Account
Prior to everything else, you should be registered and have first created a KuCoin account. It is as easy as going to the website of KuCoin and following the steps in the following.On the KuCoin homepage Look for the sign-up button and click it.Decide if you’d like to sign up by email or via phone.
To select the phone option, you’ll need to input your phone number. KuCoin will then send you a code. Input the code into the box and then set your password.If you choose to use the email option, you’ll need to follow the same procedure, but you’ll receive the code by email.Review the Terms of Service box and then click the green “sign up” button.
Fill in the CAPTCHA and then click Next.If all is well, KuCoin will tell you to verify your email to receive a confirmation message.Log into your email. If you don’t see it in your inbox, wait a couple of minutes or look for it in your spam folder.If you locate the email, click on it and click on the link that confirms your email.You will be taken to the page to login. Input your credentials, and you can then access your private KuCoin account.
· Secure Your KuCoin wallet
KuCoin utilizes two-factor verification (2FA) to ensure the security of your account on KuCoin. Two-factor authenticationis a form of multi-factor authentication that adds an additional layer of security to your account. To activate it, you will need to provide at least one additional detail to go along with your login credentials, which is why you’ll hear the name “two-factor.”
2FA isn’t available by default on the KuCoin platform as a default feature, but it’s an essential requirement for anyone who wants to proceed with account registration.Follow the steps to activate two-factor authentication on your KuCoin account.
When you first open an account on your website, you’ll get an alert box that displays, reminding you to activate your 2FA settings. Log into your account and select “Bind 2-Step Verification.”Follow the on-screen directions to make sure you have a backup key, then click Next.
Install this Google Authenticator app on your smartphone.Scanning the barcode on the screen, and then entering the verification number. Click “Submit.”KuCoin will alert you to remove your 2FA account from your phone’s Google Authenticator to protect the security of your KuCoin account.Congratulations! You have successfully secured your KuCoin account with 2FA. You can also add security questions to your account for extra security.
· Verify your identity.
The Know Your Customer (KYC) procedures are designed to improve your account’s security by connecting it to your personal data.
After you have set your 2FA as well as your security questions, it is necessary to verify your email address before you can do that. Log into your email account and search for the KuCoin message. Click Confirm or the linked link.It should take you back to the KuCoin page to confirm your identity.Then, select the type of account you currently have and press the green Continue button.
The next window will show the necessary requirements to conduct the KYC verification. To continue, click Continue.Input all the necessary details. You must also bring a copy of your ID that is valid.To verify that you’ve completed everything correctly, log into Account Security and ensure that each step is marked. Completed
KuCoin will go over your details. If everything is fine, then you should be notified within a few hours.To view what your status is on verification, visit Overview. Your account’s status changes to “Verified” after you’ve been granted approval.
· Connect Your Account to Funds by Fund Your Account
After your account has been verified, you are now able to begin your journey to trading. Your first task is to understand how to fund your account.
When you are on the website, click on the assets button.Choose the asset you want to deposit or enter it into your search box.Make sure to click the Deposit button next to the asset you want to deposit.In the next field where you can enter your wallet’s address, You could also scan the barcode using a QR scanner.
KuCoin will present you with an overview of what you need to follow before you complete your transaction. Be sure to verify the address of your wallet first.Make sure you complete your purchase.If you’re looking to verify your transactions, all of them are available on the tab “Deposit History.”
· Start trading on KuCoin
Trading can begin to earn money once your account has received the funds that you have transferred, which should not take too long.After your money has been deposited into your account, go into the Markets Tab.Select the asset you want to trade from the list, then click the “Trade” button beside it.
To purchase, fill in your Buy form with the quantity, and then click Buy. The same process applies to selling.You can check all your current orders by using the “Open Orders” button or view your history by clicking the “Trade History” option. In addition, there are different types of trading through KuCoin platform.