Many are wondering how to open an account on the KuCoin platform but before we start it we will show a glimpse into this platform.
With the abundance of cryptocurrency platforms and before talking about how to open an account on the KuCoin platform we will talk about the features of this platform and how to sign up for it as well as sell and buy through it, in this article your comprehensive guide to knowing the KuCoin platform and how to open an account on the KuCoin platform.
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| How to open an account on the KuCoin platform |
KuCoin is emerging as one of the most popular cryptocurrency trading platforms, and is more popular today than when it first emerged. It's also an easy-to-use platform, so the subscription instructions are very clear. In addition to knowing how to open an account on the KuCoin platform, the process of verifying a KuCoin account is very simple. Therefore, in this article, we will take a comprehensive look at the KuCoin platform, its history and highlight its activities, as well as its pros and cons. We will also discuss the currencies traded on this platform, and what is its official currency. We will also provide you with step-by-step guidance to register on the platform. Then let's talk about how to check the account on the KuCoin platform in detail. Therefore, if you are interested in knowing the details we mentioned above, all you need to do is read our next article on the KuCoin platform to explain the registration and verify the account.
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What is the KuCoin platform?
This is a relatively modern platform and it was founded in 2017 by some experts in blockchain technology. Also headquartered in Hong Kong, it can access the world's top 30 cryptocurrency trading platforms in a short period. It depends on the amount of currency traded daily. In addition, many technologists consider the KuCoin platform to be a serious competitor to the popular Binance platform, and it is expected to become Binance's top competitor in the future. It depends on how it was created and the standard time it achieved with global popularity.
On the other hand, KuCoin has a simple, flexible, and easy-to-use interface. The planning used in the platform interface is also provided by TradingView. In addition, the KuCoin app is available on Google Play and Apple Pay. Registration instructions and account verification on how to open an account on the KuCoin platform will be addressed in subsequent chapters.
What is KuCoin?
In fact, the KuCoin platform coin is a KCS token, which is very similar to Binance's famous BNB token. Currency code KCS is also a KuCoin Shares code.
How to open an account on the KuCoin platform
Now that we have discussed and expanded the KuCoin platform, it is time to move to the useful part of the issue that predates the way to open an account on the KuCoin platform. This means it's time to discuss signing up on the KuCoin platform in step-by-step detail. Therefore, as a starting point for explaining how to open an account on the KuCoin platform, some simple steps need to be followed, as follows:
I. Access to the KuCoin platform through the official link provided by the platform.
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| How to open an account on the KuCoin platform |
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| How to open an account on the KuCoin platform |
KuCoin Platform Account Verification
This refers to account authentication, i.e. Google 2FA link (2 Factor Authentication), to make transactions, withdrawals, and recharges on the KuCoin platform. To start the authentication process, you will need to download the Google Authenticator app on your phone, whether you are an Android or iPhone user. So, here are the steps to check an account on the KuCoin platform:
Download the Google Authenticator app from Google Play Store for Android or Apple App Store for iPhones.
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| How to open an account on the KuCoin platform |
- Log in to the KuCoin platform.
- In the upper left corner, press the images.
- From the drop-down list, you need to select "Security Settings."
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| How to open an account on the KuCoin platform |
- Find "Security Settings" again and click on it.
- Click "Settings."
- Click "Send."
- Wait for the verification code to arrive in your email box.
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| How to open an account on the KuCoin platform |
Since these characters and numbers are your keys, you should write them down and keep them safe. Because if you change or lose your phone, or even delete Google 2FA accidentally, you'll definitely need it.
After saving the key, click "Next."
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| How to open an account on the KuCoin platform |
- Open the Google Authenticator app on your phone and you will have two options:
- Scan the QR token on your phone, and the app will set up binary authentication and create a six-digit code for you.
- Enter your email and password, and the app will automatically create six codes for you.
- When you finish linking your 2FA Google account to your KuCoin platform account, you will receive a 6-digit code once. You must also enter it 30 seconds in advance, otherwise, it will be changed.
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| How to open an account on the KuCoin platform |
Click "Activate" and wait a few seconds, you will see a box with the word "Success" at the top and center of the page.
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| How to open an account on the KuCoin platform |
On the other hand, you don't need to use personal documents to check your account in the first place. But, sooner or later, the company will ask you to add some documents, such as your photo, a copy of your passport, or a copy of your ID card.
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| How to open an account on the KuCoin platform |
Login to the KuCoin platform
In fact, after creating and verifying your account on the KuCoin platform, you still need to log into the platform again. In contrast, the steps to log in to the KuCoin platform again are as follows:
Visit the official KuCoin website. Then click to log in.
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| How to open an account on the KuCoin platform |
Enter your email and password. (Here we should point out one important thing: If you enter the wrong password five times, your account will be closed for two hours. So, if you don't remember the password, please click "Forget the password").
Click "Login" again.
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| How to open an account on the KuCoin platform |
- Enter the verification code saved in Google 2FA. You can also use your phone number (if you link it to the account)
- Send a text message with the verification code.
- Click "Confirm."
You can select "Trust this device" to facilitate the process of logging into the account.
If you decide to change your phone, you can also uncheck this option by logging in and clicking on the image in the top right corner of the screen, and choosing "unreliable device."
KuCoin Platform Commission
Having mentioned how to open an account on the KuCoin platform, we inform you that commissions on the KuCoin platform are virtually non-existent, as they deduct only 0.1% of your digital currency purchases. However, if you own a large amount of KCS, i.e. KuCoin, you will immediately receive up to 50% off trading commissions.
On the other hand, the commission required to withdraw funds from the platform to the portfolio is completely independent, depending on the currency to be withdrawn. For example, the Bitcoin withdrawal commission is about 0.001. Ethereum withdrawal fee is about 0.01, while NEO withdrawal fee is completely free.
Features of the KuCoin platform
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After talking about everything about the KuCoin platform and how to open an account on the KuCoin platform, you can log in to check your account. In fact, it's time to talk about the most important features of the KuCoin platform, namely:
- Ease of use.
- Registration for it is simple.
- Provide more protection than other platforms.
- Offers a large number of digital currencies with moderate market limits, providing plenty of market opportunities.
- Charges a small commission on withdrawals and transactions.
- Available on Android and iOS devices.
Disadvantages of the KuCoin platform
- In fact, KuCoin does not have many defects, but there are two defects. Accordingly, here are the disadvantages of the KuCoin platform:
- Deposits in US dollars and euros are not supported.
- It does not offer margin trading, which means: there are no guarantees during the execution of trades.
Account confirmation on the KuCoin platform
After you have taken steps to open an account on the KuCoin platform, the Kucoin platform will not ask you to prove your account with a personal document such as a passport to trade on the platform such as the Binance platform, but we do not know the next steps for the company.
Summarize how to open an account on the KuCoin platform
As mentioned above, Kucoin is one of the largest platforms with high protection and account verification features to provide additional protection for your account and other benefits.
- Email You write emails preferably with Gmail
- password writes a password
- Password Confirmation 3_ Re-enter the password to confirm
- the referral code write the referral code to the person inviting you.
- Tick the small box to confirm approval of the terms of the platform and privacy.
- Click above the following to complete the registration process on the platform
After filling in the account creation data to complete the method of opening an account on the KuCoin platform, click "Next," and a small window will appear with an image.
After that, you will receive a link via email, which you click to confirm your account, which once you click on, will transfer you to the next screen.
First, you need to enable two-step verification through the Google Authenticator app.
If you don't activate the two-step verification function and the next step, you won't be able to enjoy any of the platform's services. After clicking on the two-step verification option, it will transfer you to an interface containing the code you added.
In the Google authentication app, you need to copy and save this code, because if your phone is exposed to something in the future, you will have this code, you add it again, so you don't have to call the platform support to send the code.
Then you go to the second step of the way to open an account on the KuCoin platform which is to activate security questions.
It consists of three questions and is divided into three sections, each section contains several questions. You choose a question from each paragraph and add the answer. It's so simple. For example, which primary school did you go to? What is your best friend? What is your best friend? What is your best friend? What is your best friend? What is your best friend? For questions like this, you can choose one answer or different answers to all three questions, and you must keep the answer using a captcha in a safe place if you need it.
After answering these three questions and pressing "Finish," you will receive an email link to complete the step and ensure that you are the person doing so.
When you press the word "overview" in the window it will take you to the interface of the platform from the inside as shown in the picture below.
How to withdraw and deposit from the KuCoin platform
After we have talked about how to open an account on the KuCoin platform we will talk about how to withdraw and deposit in the KuCoin platform this is done by choosing the currency you want to deposit, and you will find a word in front of each currency where deposits and withdrawals are displayed.
What is the deposit method in the KuCoin platform?
If you want to recharge to the platform, click the recharge word in front of the currency name.
Then click Confirm the word that appears in the top window, bitcoin wallet address will appear with you, as shown below
How to pull on the KuCoin platform
Drag on the KuCoin platform, clicking on the withdrawal word in front of the currency name, by following the following steps:
- address you place your wallet address in the currency you want to withdraw
- Select the amount you deposit at the value you want to withdraw
- Check Security Questions Write Here Answers Security Questions You Have Previously Added
- Google 2-setup here is the code that will show you in the Google Authenticator app, as mentioned before, the platform is very protected, as we noted when you sign off from the platform, you also note that for purchases and sales, you will be asked to check the Google app.
Ways to sell and buy on the KuCoin platform
We initially talked about how to open an account on the KuCoin platform, but now it's the role of knowing how to buy and sell currencies from the platform.
Press the word "Market" and it will take you to the main currency interface.
You choose the currency you want to buy and sell, and click on it, for example, we chose XRP Ripple, which will take you to the trading interface, buy and sell currencies.
Buy Currency
If you buy a currency through the "Buy" section you will find the purchase price in this field and you will find the currency rate in Bitcoin.
Now you write down the value you want to buy from the currency, then click on the purchase word.
Sale of currency
When you sell you will also find the price in this field and you will find the currency rate in bitcoin. Type the amount you want to sell from the currency. Then you click on the word sale.
KuCoin platform fees
We talked about how to open an account on the KuCoin platform and now we will touch on KuCoin Alai offering competitive transaction fees ranging from 0.0125% -0.1%, depending on your class level. If you want to buy currencies such as Bitcoin, Ethereum, or Tether, Kucoin's platform fees are relatively low compared to competitors and may charge less than 0.50% per transaction. Users can also get discounts on transaction fees based on their special KuCoin credit.
In addition to transaction fees, KuCoin also charges withdrawal fees, which are duly different and may change based on market performance. Deposit on this platform is free, but it is important to note that KuCoin currently offers limited paper deposit options.
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How to trade on the Kucoin platform
KuCoin users can access their accounts through the web portal or mobile applications of Android and iOS. Both the desktop site and phone app provide a wide range of features and tools.
After logging into the desktop or mobile device, KuCoin users can click to view the market, buy cryptocurrency, trade, lend cryptocurrency, and more.
The platform supports four types of transactions: market price treatment, fixed price treatment, successive stop-loss treatment, and market price stop-loss treatment. There are also other types, such as futures and P2P trading, which may be a plus for some users.
Although the platform provides a lot of options, desktop platforms, and mobile devices are not particularly easy to use. However, the site offers a help center where users can find answers to frequently asked questions.
Questions on the KuCoin platform
Is the KuCoin platform a good choice?
Yes, Kucoin is a very good platform for trading all forms of cryptocurrency, be it instant, derivatives, futures, options, etc.
Can US citizens use KuCoin?
No, US customers cannot use Kucoin due to strict regulations beyond the platform's control.
Is it safe to use KuCoin?
Yes, it's one of the safest cryptocurrency platforms with the latest encryption to protect the platform from hackers.
How can I get a refund from KuCoin?
Traders can withdraw money at any time by searching for the "Pull" button, clicking on it, and following the withdrawal instructions.
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