We have compiled a guide to how to use KuCoin virtual currency at exchanges, including fees, and we will introduce and explain it. If you look at this, you will be able to understand everything from registering an account to making deposits, withdrawals, and even trading, so if you are considering trading from now on, please take a look. I’m explaining the overall flow, so I hope you find it helpful.
- KuCoin basic information, company information
- Opening an account is required to use KuCoin
- KuCoin can be deposited using various methods.
- What are the transaction fees?
- Issues its own token KCS
- Up to 100x leverage
- Introduction to trading methods and types of transactions with KuCoin
- How to transfer funds with KuCoin
- You can use smartphone apps with KuCoin
KuCoin basic information, company information
KuCoin is a virtual currency exchange established in Hong Kong in 2017. When you think of China, you can’t get rid of the suspicious impression, but we are currently moving our base to Seychelles, East Africa. Therefore, it can be said to be a very safe exchange. The number of currencies handled is over 600, and the maximum leverage is 100x, so the scale of the operating company is large. Because we are expanding globally, we are a top-class exchange and support languages such as English, Japanese, Spanish, and French. The base currency is BTC (Bitcoin).
|number of virtual currencies
|Maker fee: 0.1%
Taker fee: 0.1%
Deposit and withdrawal fees: Free
|Minimum transaction amount
|Deposit and withdrawal methods
|Bank cards and accounts, cryptocurrency and electronic wallets
Opening an account is required to use KuCoin
In order to use KuCoin, it is necessary to open an account. Please refer to the article below for information on opening an account. Opening an account takes about 1 minute. Also, please do KYC to confirm your identity. There are three types of security settings, and you can set Google authentication, transaction password settings, and even an anti-phishing code, so be sure to implement two-factor authentication to complete the transaction. First, you will be asked to take a photo and upload your ID as evidence (passport, driver’s license, etc.).
KuCoin can be deposited using various methods.
KuCoin deposit and payment methods are quite convenient as they support credit cards, bank transfers, and even virtual currency remittances. However, the withdrawal method is basically virtual currency remittance. Please note that each network charges a fee. We will introduce it in the article below, so please check it out. For withdrawals, you can use the QR code, wallet address, and link to make a smooth remittance.
What are the transaction fees?
The transaction fees at KuCoin are as follows. The maker charges a fee when placing a new order on the trading board. The taker is charged a commission when placing an order from the price on the trading board. Transaction fees are quite low, with a maximum of 0.1%.
KuCoin has discount levels from Lv0 to Lv12 depending on the amount of KCS you have. You will be ranked by holding more than a certain amount of KCS and doing more than a certain amount of spot trading and futures trading.
Source : kucoin
Issues its own token KCS
KuCoin issues its own token KCS. KSC has the advantage of receiving a discount on fees and receiving dividends based on the percentage just by owning it.
Up to 100x leverage
KuCoin has a maximum leverage of 100x. Futures trading is particularly popular and allows you to make a lot of money with a small amount of capital. KuCoin is also licensed and regulated by the Financial Services Agency. Zero cut is also adopted, so there is no need to worry about margin calls. It is an exchange where you can make a lot of money even with a small amount. The maximum leverage that can be set depends on the trading method.
Introduction to trading methods and types of transactions with KuCoin
Now, I will introduce the trading methods that can be carried out using KuCoin, an overseas virtual currency exchange. In addition to spot trading and futures trading, it also allows staking, margin trading, and lending, making it a very beneficial exchange for users. Please log in first. You can easily operate it by clicking a button on the official website. Details are explained below. As of today, there are over 700 different currencies. Since it is a large exchange, it has a much larger number of currencies than MEXC or Binance. There are also some grass coins and there are risks, so be careful.
How to start spot trading
For spot trading, first access the operation home screen and select spot trading from “Trade” on the top left. There are many coin brands, and you can easily buy them now.
The latest chart like the one on the bottom right will open, so you can use it to select the currencies and currency pairs you want to handle, and place orders in the market. The flow from here is the same for spot trading and futures trading. We also handle coins such as BTC for beginners, so please check them out.
The transaction screen page will look like the image below. The final step is to determine the price and quantity, and then you will be able to place an order. The same goes for futures trading. With futures, you can buy or sell. In the case of actual items, you can only buy them. All you have to do is press limit or market order. If you’re unsure, tap the icon at the bottom right of the screen to receive live chat support.
How to start trading futures
In the case of futures trading, you can choose derivative trading to make your preferred trades. KuCoin officially allows you to trade futures contracts and perpetual futures with Bitcoin. Permanent trades have no expiration date, while contract month trades have a deadline and are settled according to rules.
contract month trading
A contract month transaction is a transaction in which a specific product or asset is bought or sold at a specified price at a specified date and time in the future. Whether you buy or sell a position, there is a deadline.
Compared to the above, perpetual futures trading has no expiration date, receives funding rate, and is displayed in USD and BTC. You can easily trade different stocks.
How to start margin trading
Credit trading is also possible. Select margin trading from “Trade” in the upper left.
As with futures and spot stocks, orders can be placed from the trading screen.
How to start staking
Please refer to the following article for information on how staking works and how to get started. As a point of caution, it is preferable to choose a stable coin. It is reliable and the price is stable. Each individual should acquire knowledge and make decisions. In fact, since it is a major company, they only sell altcoins that are listed on the market, so you can rest assured.
How to transfer funds with KuCoin
When trading with KuCoin, you will probably need to make a transfer. Transferring funds between accounts is called “transfer” and exchanging coins. There are no fees for wallet funds transfer. Generally, transfers can be sent by selecting Transfer from “Trade”.
Transfers can be made by inputting numbers separately in order and specifying the amount from which currency to which currency you want to transfer from which currency is displayed on the screen below. The next time you press send, the transfer will be completed simply.
You can use smartphone apps with KuCoin
KuCoin has a smartphone app that you can use, which is very convenient and attractive. Download the smartphone app. You can register for the smartphone app using your phone number or email. It can be downloaded and installed for free on Google Play or App Store below. Just like the web version, the smartphone app allows you to deposit, withdraw, and trade crypto assets, so it is also recommended for first-time users. You can trade on the main proprietary platform, so there is a wealth of content.