How to Easily Create a Kucoin Account

How create a Kucoin account ? Creating an electronic wallet on Kucoin as on any other exchanges is very easy. KuCoin is a cryptocurrency exchange that offers a gateway to buy, sell and trade digital assets. It has many trading options launched on the platform, including spot trading, margin trading, futures trading, and forward trading. Peer-to-Peer (P2P).

The KuCoin exchanger is user-friendly and allows user activities such as staking, referring or lending cryptocurrencies to earn rewards. Another advantage of the platform that attracts crypto traders is the lower transaction fees compared to other exchanges.

In this article I show you how to open an account on Kucoin. But before that, know that there is a difference between Binance and Kucoin.

🥀 What should we know about Kucoin?

KuCoin is a well-known cryptocurrency platform in the cryptocurrency world. It is a platform that has both normal call options and P2P options.

You also have Spot and Margin market options to be able to operate in trading mode. In addition to offering additional options such as the very trendy crypto loans, as well as the subject of Staking, among others

Selection of cryptocurrency

The KuCoin exchange has a deluge of cryptocurrencies listed for trading on the platform. There are over 700 cryptocurrencies and trading pairs; new tokens are also often added.

The list of cryptocurrencies includes common coins such as Bitcoin (BTC), Ethereum (ETH), Binance (BNB), Cardano (ADA) by market cap and other new cryptocurrencies on the market.

The regular list of new cryptocurrencies makes up for the fact that the exchange is the go-to for many traders. The purchase of these cryptocurrencies is available on the platform through different options “ CryptoBuy ».

Services

The interchange offers custodial and non-custodial services. Custody services are available for users who want the KuCoin exchange to act as their wallet to store their crypto, which is more convenient.

To help KuCoin actualize this for users, they have partnered with the Singapore-based digital asset custody company; Onchain Custodian. Noncustodial services allow users who prefer their wallets to log in and use them on the KuCoin platform.

Security

KuCoin offers user account security to ensure user funds are out of fraudulent risk. Some security features on KuCoin include identity verification: a multi-level identity verification that authenticates the user's identity before granting them access to higher functionality on the platform.

A 2-FA verification is in place to prevent third party access to a user account and encryption that provides a secure environment for digital transactions.

🥀 The advantages of a KuCoin account

KuCoin strives to stand out from other cryptocurrency platforms by offering several benefits and exciting features. A few are worth mentioning:

Efficient customer service: The platform is available 24 hours a day, every day of the week. Moreover, the platform even announced the launch of a technical support channel

A professional development team: They have many years of experience in the blockchain and crypto space, particularly in R&D. A range of trading tools on hundreds of cryptocurrency pairs

An excellent sponsorship system: the platform offers referrers up to 40% profits from the trading fees of their arbitrators. Multiple ways to buy cryptocurrency, whether with fiat or another cryptocurrency

The security of your cryptocurrency: The platform stores cryptocurrencies in an offline vault (cold storage). In addition, the platform wallet has multi-layer encryption

Fast processing times : Small withdrawals are processed in seconds, while large withdrawals take ten minutes or less. As for deposits, they can be returned in just two minutes

Very low transaction fees, making the use of the platform affordable. Trading fees are only charged to 0,1%. Plus, there are no fees for making deposits. An Android and iOS app that allows users to trade anytime, anywhere

The Kucoin Stock Token (KCS): allows the user who owns it to receive commissions or dividends as passive income.

🥀 The disadvantages of a KuCoin account

To avoid unpleasant surprises, let's take a look at some drawbacks of the site before explaining how to create an account:

• Although possible, it is not recommended to perform a purchase by credit card. The commission involved is quite quick.
• Although the platform does not charge deposit fees, know that for withdrawals, there are. Additionally, the fees vary depending on the cryptocurrency withdrawn.
• As the platform is based in Hong Kong; legal protection is limited.

🥀 How to create an account on Kucoin?

Step 1: Enter Kucoin official website

As is often the case with this type of tool, the way to start using the subscription is via the website. It is that although it has a mobile application environment, registration is done through the browser and therefore the first step to take is to access at Kucoin official website.

There we will find all the trading options and also several other actions to perform.

Step 2: Tap Register

After accessing the web page, the next thing is to press one of the two options that say Register, in order to start entering our data.

These are located in the upper right corner of the screen next to " Login » (smallest) and highlighted in green in the lower left corner (largest). Either of the two options is valid, so we must click on it to continue the process.

Step 3: Enter email

On the next screen that appears, we will be presented with a few fields to fill in, and the first is the email field. Will placing it we will activate the option to send us the verification code, necessary to be able to continue.

For this reason, after entering a box that we have access to, we must click on the green option that says " Send code ”, as can be seen in the following image.

After that, a pane will open with some images so that we can choose the right ones. This is the famous robot test, essential to be able to continue the process. What we have to do is select those in which a certain object appears.

Step 4: Enter verification code

After passing the robot test, the platform itself will send us an email to the box with which we registered, so the next step will be to enter this inbox and the email which will have arrived from Kucoin.

A 6-digit code may be displayed in the body of the email. What we need to do is write this same code in the space below the text “ Email verification code ". In this way we will verify our identity and we will only have to complete the password where it says “ Set login password ».

This access key must contain a lowercase letter, an uppercase letter, a number and a symbol.

The field that says Referral Code is not required, so we can skip ahead to the part below that involves accepting “ Terms of use by clicking on the white space next to it.

Finally, we will have to click on the green button that says “ Register ”, and in this way we will have completed the process that will have left us with our Kucoin account ready to start making the investments we want.

🥀 How to deposit funds on Kucoin?

To make a deposit, simply click on the “ bail » in the menu on the left or in « down payment on the crypto in question. Here for the example we will choose the bitcoin and therefore click on the button " down payment from the BTC line.

The address of your BTC wallet appears as well as the associated QR Code. All you have to do is send your bitcoins to this address. Please note: you have a different address for each cryptocurrency, only send bitcoin to your bitcoin address.

If you are making a deposit for the first time, you will need to activate the deposit address first. So a Bitcoin address for example will not be able to accept ETH deposits. If you make a deposit that does not match the address, you will lose your cryptos .

It is very easy to deposit funds on Kucoin. To do this, you will need to follow a few steps:

Step 1: Login to Kucoin

You will need to open the app or your browser and go to Kucoin official website. Then fill in your details to log in.

Step 2: Click on the “deposits” button

On the tab deposit you will have to select depending on whether you want to make a deposit in cryptos or in cash.

If you want to deposit cryptos, you must choose the network on which you want to make the deposit.

You must then copy the address of the cryptocurrency in question and paste it on the platform from which you wish to transfer the cryptos.

But, if you want cash deposits instead, you must first choose the currency you want to deposit. Then you must choose the payment method that is available depending on your country.

Once completed, you will only have to wait for the funds to arrive in your account. It's also very easy to make a withdrawal on Kucoin.

🥀 How to make withdrawals on Kucoin?

To make a withdrawal, click on the " retired in the menu on the left or on the crypto line.

Three elements must be entered here: the receiving address, the amount you wish to send, and the 2FA code that you will have when configuring double authentication. Then all you have to do is click on “ To confirm "! Remember to check back beforehand.

Withdrawals of funds on Kucoin can be of two types: crypto withdrawals or cash withdrawals. Overall, there are 6 easy steps to be able to withdraw money from your Kucoin account. Here are the steps to follow:

Step 1: Choose a recipient exchanger

First, you will be called to choose the exchanger where you are going to transfer funds. For our part, we will use our Kraken account to explain to you how you can withdraw money from your Kucoin account.

Step 2: Log in to your recipient account (kraken account)

To create an account, the process is very simple. Go directly to the Kucoin homepage. Then click in the upper right corner on " create an account ". You will therefore enter your email as well as your username and password.

Step 3: Verify your account

Once your account is created, you will automatically be prompted to verify your account. To be able to deposit crypto, sell it to withdraw your money, this requires full verification of your information and personal identity.

If you didn't verify at the beginning and want to do so now, click in the upper right corner on your name, then on " get verified as shown in this screenshot.

Step 4: Transfer crypto from Kucoin to your new cryptocurrency exchange

If you were done verifying your Kraken account, you could safely send crypto from your Kucoin account to Kraken. Once in Kraken, click on " funding "And then" deposits ».

A new window should appear and this will give you the option to enter in the search field the cryptocurrency you want to deposit from your Kucoin account. For our case, we will transfer USDT.

Once you have chosen the cryptocurrency you want to transfer, you will be redirected to the deposit screen. For USDT, we choose TRC20, because it gives us the lowest possible withdrawal fees.

You will therefore need to create an address for your first transfer by clicking on “ Generate a deposit address ».

So you will see a string of letters which is your address. Copy this address by just clicking on the button “ copied the deposit address At the bottom of your screen.

So go back to your Kucoin account, enter “ portfolio when you see the drop-down menu, click " main account ».

Click the " remove ', and your will change and should now look like the screenshot below. So you will have to choose the piece you are going to send to Kraken.

In the wallet address field, paste the address you copied from Kraken and select a network.

You will then need to choose the amount you want to send, then click on the green thumbnail " remove " at the bottom of the screen. Check your details if they are correct by clicking on " confirm withdrawal ».

Step 5: Sell the cryptocurrency as fiat currency

It can take up to 30 minutes for your crypto to arrive in your account. To check this, you will need to go to the “ funding then scroll down to the point where you get to your list of crypto assets.

As shown in the following image, USDT is already on our Kraken wallet. That said, we can already sell it.

Then you will have to click on the " Buy Cryptos ". We know very well that we are selling. But it won't be easy thanks to this screen.

If you click, you will see this screen. You can therefore choose the quantity of crypto that you are going to sell then click on “ meet again ". And the screen will appear as follows:

A screen will appear to confirm the transaction with the details concerning it. Once they are correct, click on " to confirm ". You will therefore see a new screen which will ensure the successful sale of your cryptos.

Step 6: Withdraw your money

Already here you have successfully converted your cryptocurrency into fiat currency, to complete the operation you will need to withdraw this money to your bank account.

Click on " funding » just in the screen menu, then on the withdrawal tab.

In the screen that will appear, you will have to select the type of withdrawal you want to make from the list, then click on " Carry on to be able to add the various details concerning your bank account.

Once your details are added, you can process the money withdrawal directly from your account. congratulations !! You have successfully transferred money from your Kucoin account to your bank account using Kraken!

If you happen to lose track of this process, there is no need to panic because, Kraken gives you the advantage of live support available so that it will be easy for you to get help at any time. any time.

Congratulations, you have completed the registration and are now able to use KuCoin. Here is how to create a Binance account.

🥀 How to make money on Kucoin?

Here are the different ways you can use to make money in the platform.

✔️1: Lending: earn interest between 5 and 8% depending on the crypto

The crypto lending which is the loan in French, consists in making profits by lending its cryptos to an exchange platform. After that, the platform uses them in different investment protocols to generate interest that will be paid in part to the lender.

The assets you lend are generally used in the decentralized finance, who can in turn lend to other users with collateral in exchange. Finally, lending on the Kucoin platform gives users the opportunity to lend and borrow cryptos.

Take notice : in the site you will see returns that will be displayed every day. Since the maximum period is 28 days, you have the opportunity to know directly how much you can earn each day.

As a lender, you can set the rate of return or APY yourself (Annual Percentage Yied). Be aware that any loan order will be displayed on the market.

To do this, borrowers have the opportunity to examine the different orders and take out a loan from those who meet their requirements. The lending available on Kucoin supports 90 tokens. But the most used is the USDT stablecoin.

For the annual return, it depends on the evolution of the market as well as the creditworthiness of the borrower. This is generally between 5% and 8%.

✔️ 2: Staking: 3 to 20% depending on the cryptos

Instead of investing in sophisticated hardware to consume a large amount of energy in order to secure the blockchain by mining, many cryptos provide very different and less consuming validation models. This is better known as Staking or in French proof of stake.

With this model, the user has the possibility of locking tokens in any wallet to be able to participate in the validation of transactions. In return, he receives new and freshly created tokens.

To do staking on Kucoin, you go to Kucoin Earn. Those who participate earn multiple rewards over the same duration as the project. Kucoin also gives users the ability to stake held tokens without even having to lock them.

We call this mechanism Soft Staking. This model makes it easier for users to receive rewards daily. So, it is not mandatory to block coins for a long time.

✔️ 3: KCS Bonuses: earn KCS every day

The way you can also use to make money on Kucoin is to have your native token, KCS. Those who have it are rewarded handsomely for their support in the platform.

Interests in holding KCS are as follows.

• Whoever uses KCS for payment of trading fees gets a 20% discount.
• Kucoin makes a 50% split with those holding its native token as dividends. To be eligible for the bonus program, you will need to have at least 6 KCS.
• Like Binance's BNB, the KCS will be essential on the Blockchain that Kucoin is developing, if the Kucoin blockchain captures significant market share, the price of KCS could be positively affected.

✔️ 4: Kucoin Trading Bot

Trading is generally one of the known and sometimes profitable activities in the crypto world. But, it is an activity that requires great attention and technical understanding of the market. One of the assets necessary to be able to earn a living doing trading is management of emotions.

Because decision-making is often influenced by emotional signals, on the other hand, the use of a trading bot don't rush. In taking a position, the latter eliminates all kinds of emotion. This is the reason why many people use it.

Trading Bot is a tool created to help users automate trading. Regardless of the market situation, the trading robot will be able to generate income.

You should know that the robot offered by Kucoin works on the basis of parameters defined in advance. It is therefore usable by novice traders as well as traders who would like to trade without taking into account the emotional side.

✔️ 5: Pool Mining Kucoin

Another possibility to generate income is to integrate the Kucoin Pool. For years, the difficulty of mining has only grown. It is very difficult for a miner to compete with large mining farms which are often run by companies.

For this, individual miners group together to pool their computing power to increase their chances of winning the race. Hence the term Mining Pools.

Since August 2021, the platform has developed its own Pool which has the capacity to support Bitcoin, Bitcoin Cash and Ethereum mining. For mining fees, Kucoin only charges 2%, which greatly reduces the costs of miners and thus gives them the opportunity to make more profits.

✔️ 6: The affiliate program on Kucoin

Finally, we are going to tell you about how to make money on Kucoin which requires you to have an audience present on social networks. For example, you can have a blog or simply be active on the networks.

Kucoin gives you commissions on various transaction fees under an affiliate program.

Each user who manages to invite people to register on the platform, benefits from a percentage of the trading fees paid by those who are newly registered. To make the most of this, you will need to have an affiliate network that is regularly active on the platform.

If you already want to build your network, just share your affiliate link in social media or with acquaintances. With this option you can earn up to 40% commission on the fees of your affiliates.

🥀 Our opinion on the Kucoin platform

As we have previously said in this article, the Kucoin platform gives several tools allowing you to collect income.

Aside from that, the team is still working on other changes that will help you have more choices to reap consistent gains.

As we always say, before jumping into any platform, you will need to do your own research. But for our tests on the platform, we had great success.

Before leaving, we advise you to also create a account on Bitmart. Leave us a comment.