How Do I Buy on Kucoin?

Of yet its many concerns, cryptocurrency seems to have a good looking future, seeing from its recent rapid development in its global assets, amounting to about 200 billion US dollars in total value. Thus, it’s worthwhile to be part of the exciting economy, which can be firstly done by investing in your chosen cryptocurrency, through exchanges like KuCoin. This article will bring you insights on how to buy on KuCoin.

How to Buy Crypto on KuCoin

KuCoin enables its users to trade hundreds of cryptocurrencies, but all that’s required is to buy your first crypto. You can follow the procedure below to get started.

1) Sign Up for KuCoin Account

Go to KuCoins homepage, search for the Sign Up Now button and click it. You can register via email or phone number.

2) Next is to secure your KuCoin Account

KuCoin uses two-factor authentication (2FA) to secure your account on the platform, and you can do this as follows:

1. Go to Accounts and click Bind 2-Step Verification.
2. Follow the on-screen instructions to secure your backup key, then click Next.
3. Download the Google Authenticator app on your mobile phone.
4. Scan the on-screen barcode and enter the verification code.
5. Click Submit.

KuCoin will warn you not to unbind your 2FA from your phones Google Authenticator to secure your KuCoin account; from there you’re done with that.

3. Verify Your Identity

To fully get access to all the features on KuCoin, you need to verify yourself by completing the Know Your Customer (KYC) processes as follows;

1. After securing your account, you need to verify your email address first.
2. Go to KuCoins message on your mail and Click the Confirm button or the attached link to confirm your verification.
3. Pick your account type and click on the blue Continue button.
4. Fill in all the required information, and submit a copy of your valid ID.
5. You can go to Account Security and ensure that every step reads Completed. Aftermath, KuCoin will review your information and send you a confirmation.
6. You can go to Overview to confirm your verification status.

Once approved, your account status will change to Verified.

4. Connect Your Account to Fund Your Account

Firstly finance your account as follows;

1. On KuCoin, click the Assets button.
2. Select your choice of asset to deposit, or type it in the search bar.
3. Tap the Deposit button right beside your chosen asset.
4. Then ‘On the following field’, input your wallet address or scan the barcode with a QR scanner.

KuCoin will show you a screen with tips to do before you confirm your deposit, so ensure to double-check your wallet address first.

Finally, complete your transaction.

Know that you can view and check your transactions under the ‘Deposit History’ tab.

5. Start Trading on KuCoin

As your asset gets deposited on your account;

1. Go to Markets tab.
2. Choose your asset from the list, and then click the Trading button next to it.
3. To buy, fill out the Buy field with your preferred amount, and click Buy.

Read also:

1. Bybit vs Binance vs KuCoin
2. Bybit vs Kucoin

Conclusion

Having through this article known how to buy and start trading securely on KuCoin, you can start enjoying the exchange’s low trading fee, vast array of your crypto choices and different features that might be unavailable on other exchange platforms; among other benefits.

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