Do you love having a variety of digital coins from which you can choose? Also, are you after trading fees discounts and affordability? Then, you have made the right decision to read this informative page. Believe it or not, the KuCoin Exchange have these perks waiting for you! So keep reading to discover how you can find your way to this worthwhile and thrills-filled cryptocurrency exchange!
A) History and Trading Services Profile of the KuCoin Exchange
If it is your first time to learn about the KuCoin Exchange, this virtual currency trading platform is relatively new in the cryptocurrency scene. As of 2020, it has been in operations for three years, beginning in September 2017. Its headquarters is in Hong Kong.
Also known as “The People’s Exchange,” the KuCoin Exchange opened its doors for cryptocurrency trading with one primary mission. It is to give increased and enduring value to its international customers. As of 2020, the digital currency trading platform has over five million clients from more than 100 territories worldwide.
The KuCoin Exchange has inked an official collaborative agreement with Matrix Partners and IDG Capital in November 2018. These two institutional investors aid the Hong Kong-based virtual currency exchange in delivering premium-quality cryptocurrency services to traders based around the globe.
Furthermore, the KuCoin Exchange is well-known for its exceptionally vast array of digital coins available for trading. It offers discounts via the KuCoin Shares or KCS as well. The KuCoin Exchange emphasises on efficient and safe cryptocurrency trading. Plus, it desires its clients to trade only the premium-quality digital coins, thanks to its meticulous research unit that scours the entire blockchain realm for high-quality cryptocurrencies.
B) 4 Perks of Trading Cryptocurrencies at the KuCoin Exchange
If you are curious about the precise advantages you can enjoy at the KuCoin Exchange, there are actually several of them. After learning about the following perks, you may find yourself ultimately decided to trade there!
(A) You will relish fairly reasonable charges that are lower compared to those at other digital currency exchanges.
At the KuCoin Exchange, you can save more of your hard-earned investment money, thanks to its affordable costing. Moreover, the trading fee is 0.1 per cent, zero deposit fees, and varying withdrawal charges.
You can perform your transactions utilising your debit card, credit card, or cryptocurrency. Moreover, the KuCoin Exchange accepts the following fiat money and over 40 more other currencies:
- US Dollar (USD)
- Euro (EUR)
- British Pound (GBP)
- Russian Ruble (RUB)
- Chinese yuan (CNY)
- South Korean Won (KRW)
- Vietnamese Dong (VND)
- Australian Dollar (AUD)
- Japanese Yen (JPY)
- Turkish Lira (TRY)
If you are a focused cryptocurrency trader, you can also benefit from the KuCoin Exchange‘s offering of a useful charting package. The independent TradingView system powers this helpful feature.
(B) You get rewards and more perks via the KuCoin Shares or KCS.
The KuCoin Exchange has its native digital coin called the KuCoin Shares or KCS. If you choose to trade in this cryptocurrency exchange, you get substantial amounts of rewards. Your unique opportunity to hold the KCS allows you to get discounts while you trade. Also, you can receive dividends from the trading costs gathered on the KuCoin Exchange.
As a KCS holder, for every 1,000 KCS you hold, you are eligible for a one per cent discount on the trading fees and up to a maximum of 30 per cent. These are just some of the rewards you reap as a KuCoin Exchange trader.
(C) You can enjoy a vast selection of virtual coins and having the chance to buy them while still affordable.
At the KuCoin Exchange, you can choose from an exceptionally massive range of cryptocurrencies. Among them are the following:
- Bitcoin (BTC)
- Monero (XMR)
- Constellation (DAG)
- Ethereum (ETH)
- Ripple (XRP)
- Eos (EOS)
- Litecoin (LTC)
- Tron (TRX)
- Neo (NEO)
- Ontology (ONT)
Believe it or not, aside from these famous digital coins, you can choose from over 200 more! Moreover, the KuCoin Exchange is an early adopter of rising new virtual currencies. Hence, if you want to hold the cryptocurrencies while their prices are still low, you might want to consider trading in this cryptocurrency exchange.
(D) You can access the cryptocurrency exchange via various technological means.
The KuCoin Exchange is accessible via the Internet on desktop computers and mobile devices. You can trade while on the go, too, thanks to this virtual trading platform’s application, which are the Android App beta and the iOS App beta.
You will surely feel wowed by these four benefits. After all, they are unique, and you would typically not get to relish them in other virtual currency exchanges. With these fantastic benefits, at this point, you may already be almost close to deciding to open a KuCoin Exchange account.
C) Steps to Follow When Choosing to Trade at the KuCoin Exchange
If you have decided to trade at the KuCoin Exchange, you will have to register for an account. You can follow these steps:
Step 1. Go to www.kucoin.com.
In the portal, sign up for a trader’s account. You should also perform the additional steps and activate the Two-Factor Authentication immediately.
Step 2. Put some money into your trader’s account.
The KuCoin Exchange is excellent for trading altcoins. Besides, it hosts a fantastic number of cryptocurrency trading pairs. Hence, when you trade, you can utilise Bitcoin Cash, Bitcoin, Ethereum’s Ether, Neo, and Tether, among plenty of others.
Step 3. Start sending the digital coins.
You can perform this step by navigating to your digital wallet. On the top banner, click on “Assets” to view all your available cryptocurrency balances. Then, click “Deposit.” You will also see your KuCoin Shares.
To reveal the dropdown menu, click on the name. Then, choose the digital currency you intend to deposit.
Step 4. In your withdrawal account, take note of your exact deposit address.
You will typically see you deposit address and the QR code. Also, you will have to wait a little bit for your money to get reflected on your trader’s account once you confirm the funds’ transfer. Then, check your e-mail inbox for a notification upon receipt of the money.
Step 5. Through the top banner menu, go to “Markets.”
Perform this step once your money has arrived in your trader’s account. Next, select the currency you deposited, letting you trade all altcoins paired with that cryptocurrency. Click on the altcoin combination you intend to trade.
For instance, click on “ZIL/BTC.” You will, therefore, get to trade Bitcoin (BTC) in exchange for Zilliqa (ZIL).
Step 6. You find yourself taken to a new screen.
You will get to this segment after you choose the altcoin combination you want to trade. This section shows a chart with costing over time, trade history, price information, and supply/demand order book.
The box located in the bottom-right portion will tell you to supply your two-step verification code. Also, this box is where you can trade your digital asset.
Step 7. Utilise the green box on the left side to supply the cost you intend to settle per unit of the cryptocurrency.
Also, indicate the total amount of virtual assets you want to buy. You can use the adjustable slider to consume a part of your spendable holdings. On the right, the box lets you follow a similar procedure to sell a cryptocurrency.
Step 8. After getting your trade lodged, you will have to wait until there is a Buy or Sell order.
The cryptocurrency will appear in your wallet right away once the trade already got matched. You can access the virtual coin through the “Assets” tab.
Step 9. Place your cryptocurrencies on the KuCoin Exchange after you have finished trading.
You can also transfer your digital coins to another digital wallet. You can increase your security by keeping your digital assets in a hard wallet. This safety measure also lets you maintain full control over your virtual coins.
We know these nine steps can be taxing at first. But, hey, you are after rewarding cryptocurrency trading experiences, aren’t you? So, performing this process is worth it!