Kucoin (Kucoin): overview of the cryptocurrency exchange, reviews, registration and entrance to the official website, trading
The Kucoin cryptocurrency exchange is registered in Hong Kong. The trading platform officially began operating in September 2017. Provides the ability to trade, buy, sell cryptocurrencies, tokens, stablecoins. It has its own Kucoin Shares (KCS) exchange token, which allows you to conduct transactions on the exchange with lower commissions and receive income from the growth in the value of the asset. The Btcnewsweb.com editorial staff will review the cryptocurrency exchange and consider the trading conditions on the platform.
Official Kucoin website: kucoin.com.
Registration on the Kucoin exchange is open to everyone. A prerequisite for working is the connection of two-factor authentication to protect your account. Verification is not needed, since the Kucoin exchange does not work with fiat money: deposits and withdrawals are made only with cryptocurrency. To work with fiat currencies (dollars, rubles, etc.), choose other crypto-exchanges.
The daily trading volume is 7842 BTC (at the time of writing the review). Listing 102 cryptocurrencies (tokens) and 242 currency pairs. The main currencies are: BTC, ETH, NEO, USDT, KCS, BCH.
Both popular coins and tokens are presented, as well as little-known ones: Kucoin Shares (KCS), Bitcoin (BTC), Ethereum (ETH), NEO, Kyber Network (KNC), OmiseGO (OMG), Qtum (QTUM), Civic (CVC), EOS (EOS), Status (SNT), TenXPay (PAY), VeChain (VEN), NeoGas (GAS), Dash, BitClave CAT, IOStoken IOST, Bitcoin Gold BTG and others.
Trading commission 0.1%; for replenishment 0%; for withdrawal – depending on the cryptocurrency (NEO and GAS – 0%).
Kucoin exchange guide:
- CEO (CEO) – Michael Gan;
- COO (Chief Operating Officer) – Eric Don;
- CTO (technical director) – Top Lan.
Registration on the Kucoin exchange
To register on the Kucoin exchange, go to the official website, switch to Russian and click “Register”. Anyone can become a client, the creation of new accounts is not closed, as it was on some other trading platforms.
The creation of a new cabinet on the Kucoin exchange consists of three stages:
- Next, we fill out the standard registration form. We indicate only a real email account, I recommend choosing reliable mail services as a mailbox, for example, Gmail from Google. Be sure to install additional protection for your mailbox (two-factor verification, SMS confirmation, etc.).
You also need to come up with a strong password. Use complex passwords consisting of not only numbers and letters, but also special characters. To do this, you can use various online generators. If necessary, download the KeePass program for generating and storing passwords – a very convenient program for this purpose.
Click “Next” and confirm your email
- At the third stage, you will receive a letter to the specified e-mail. Open it and click on the link
After that, you will see a message about successful registration on Kucoin.
Login to the official Kucoin website and setting up an account
After registering and successfully confirming your account, go to the Kucoin website using your username (email) and password. To do this, click “User login” (Sing in) at the top of the page.
Pay attention to the spelling of the address: the official website of the exchange: https://www.kucoin.com.
Click “Settings” to enter your personal account. It displays the current balances in BTC and USD. In the “Credential” section – we go through account verification (optional); “Password” – you can change the password; Google 2-step – connecting two factor verification; API and “Protocol” (Agreement).
A prerequisite for working with the Kucoin exchange is the connection of account protection – two factor verification. Without it, you will not be able to replenish the balance of the Kucoin exchange. It is not difficult to connect it and it will not take much time, but it will protect you from hacking your account.
- So, go to “Google 2-step” and download the Google Authenticator application for the Android operating system from Google Play or for IOS from the App Store.
- Copy and save the secret key. You will need it if you lose your phone or other device with the Google Authenticator app.
- After launching the application, enter the key or scan the barcode.
A 6-digit code will appear, indicate them in the line and click “Submit”. After that, two-factor authentication is tied to the account.
Each time you enter the Kucoin website, you will need to enter a code from the application. Please note that a new code is generated every 30 seconds.
How to top up the Kucoin exchange or withdraw money
After setting up account protection, to buy cryptocurrency and trade, you need to replenish the Kucoin exchange account. Depositing money to the balance using only cryptocurrency; fiat money (traditional) is not available. You will not be able to use bank cards, cash rubles, dollars, euros to work on the Kucoin exchange. The conditions are similar on the largest exchange Binance.
Therefore, you first need to buy cryptocurrency and then transfer to Kucoin.
To replenish the exchange, go to the “Asset” section or click on the dollar “$” icon, select the desired cryptocurrency and click “Deposit”. The most popular coins are available: Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, Neo. Transfer coins to the specified wallet address. Exchange commission for replenishment – 0%.
Let me show you using Bitcoin (BTC) as an example. Select it from the list or use the search and click “Deposit”:
We confirm the correctness of the choice of cryptocurrency for making a deposit:
In the next step, you will see your Bitcoin wallet address on the Kucoin exchange:
Transfer cryptocurrency to this address from your local, online wallet or from another exchange. Read carefully the warnings: you cannot transfer other coins to the specified address; crediting after three confirmations in the network (for bitcoin); the wallet can be replenished many times using this address.
To withdraw cryptocurrency from the Kucoin crypto exchange, you need to click “Withdraw funds”, specify the address of the wallet to receive, the amount (minimum amount 0.002) and the code from the Google Authenticator application. Commission: 0.001 BTC.
Withdrawals usually occur within 30 minutes, but may depend on network congestion and transaction confirmation speed.
Be extremely careful when making balance transactions and remember that each cryptocurrency has its own address. Consider the speed and time of confirmation on the blockchain network.
How to buy cryptocurrency and transfer to Kucoin
If you don’t have cryptocurrency, then you can buy it and transfer it immediately to the Kucoin exchange. To do this, we use exchangers and cryptocurrency exchanges, where you can buy a coin for fiat money (rubles, dollars, etc.).
List of reliable cryptocurrency exchangers:
Fiat money-based cryptocurrency exchanges:
And we indicate the details of the operation, including the bitcoin address:
We receive instructions from the exchanger, which, after receiving the money, transfers the cryptocurrency to the wallet address specified in the details. After confirmation on the network, it is credited to the wallet.
How to trade, buy or sell cryptocurrency on Kucoin
Go to the Kucoin website and go to the “Markets” section.
The main currencies on the exchange are: BTC, ETH, NEO, USDT, KCS, BCH. All other coins are traded with them.
Select a trading pair, for example, Neo / BTC (buy Neo with Bitcoin). In this case, you will be redirected to the trading terminal page. You will need to enter a verification code from Google Authenticator.
The terminal is clear, informative and convenient for cryptocurrency trading. Charts for professional trading with trading tools from TradingView.
Bottom: market depth; open and closed orders. On the right side: the Depth of Orders (orders) for Sell or Buy and the history of trades.
To create an order, you need to specify the cost – you can use the suggested optimal market price (highlighted in blue) or specify your own (similar to a pending or limit order) and the quantity.
You can trade on Kucoin without going to the terminal, just select “Market”, a pair and click “Buy / Sell” in the line. An application form will appear, similar to that in the extended version of the terminal.
Reviews about the Kucoin com exchange
Reviews of the Kucoin exchange on the Internet are mostly positive.
The advantage of the Kucoin exchange is:
- Russian interface, translation of the curve, but everyone can figure it out;
- Small trading commission 0.1%;
- No commission for entry;
- Good charts for analysis and a clear trading interface;
- Account security – connecting two-factor verification is a prerequisite for working and trading;
- The exchange is developing, trading volumes are growing. Included in the top 30 ratings of cryptocurrency exchanges. Perhaps they will soon become the market leaders;
- Publicity of managers;
- Own KCS token, by purchasing which, the trading commission is reduced (Kucoin Bonus);
- Social media activity;
- There is a mobile application.
- The Kucoin exchange does not work with fiat money. Therefore, you can use other exchanges and purchase cryptocurrency for traditional money, and then transfer to Kucoin: Exmo and Livecoin.