2022-05-10 07:28:50

In lodge to buy

on Kucoin, yous start need to open an account and proceed with the following steps.

1. Create an account on KuCoin

Kucoin is a popular cryptocurrency commutation with a very large offering of unlike crypto assets. Apart from BTC and ETH trading pairs, Kucoin supports almost of the pop stablecoins such equally USDT, USDC, TUSD, PAX and DAI. The commutation has also issued its own token called KuCoin Shares (KCS).

Create an Business relationship on KuCoin

ii. Deposit cryptocurrency such as Tether, Bitcoin or Ethereum

The most convenient cryptocurrencies to deposit are Tether (USDT),
and
. They both have trading pairs with the vast majority of cryptocurrencies listed on KuCoin and therefore give you the greatest corporeality of flexibility. Both BTC and ETH tin be traded for BNB on KuCoin.

Note: Before you lot make your first deposit, make sure you have first completed the Google 2FA verification and that you’ve set the trading password for your account. Otherwise you won’t exist able to go your KuCoin deposit address.

In order to make your deposit, go to the navigation bar at the elevation of the website and click
Assets > Deposit.

A search bar should announced on your screen. Enter the ticker (BTC
for Bitcoin,
ETH
for Ethereum) for the cryptocurrency you wish to deposit and select it from the drop-downwards menu.

The website will provide you with a deposit address for the cryptocurrency y’all selected. The address will be a string of numbers and messages (both lowercase and capital letter). Copy the accost in its entirety and go to your wallet of choice. Send the amount y’all wish to deposit to the address you copied. It is quite mutual for the transaction to take up to half an hour to complete, and then don’t wait the funds to exist available on your KuCoin account instantly.

Tip 1: Depositing ETH is usually faster than depositing BTC, and comes with lower fees.

Tip 2: For your first eolith, it is recommended to beginning with a small-scale amount of ETH or BTC just to exist safe. In one case the modest amount reaches your

KuCoin

account, y’all can go on to deposit the amount you would actually like to use for trading.

Tip 3: Depositing funds from one exchange to another can sometimes be limited by restrictions. Nosotros strongly advise you to deposit straight from your wallet.

3. Check your balance

In order to check your balance, go to
Avails > Main Account
in the navigation bar at the superlative of the website. If you lot would merely like to run into the coins which have a balance of over 0.001 BTC, click on
Hide minor balances.

If your eolith has already been candy, the money and amount will appear on the listing. If you have multiple coins, y’all tin can use the search bar.

4. Place a purchase club for BNB

To place an club, go to the
Exchange
tab.

For this step, we volition presume you deposited BTC. If you lot deposited ETH, don’t worry – the procedure itself is exactly the same.

On the summit left corner, select the BTC market and search for BNB, which is the ticker for Binance Coin. The BNB/BTC trading pair should appear.

Later on clicking on the trading pair, a price nautical chart will appear in the eye. You can place your buy order on the correct side of the chart.

Annotation: In order to continue with your gild, you’ll have to insert your 6 digit trading PIN password that you chose while creating the KuCoin account.

If yous want to buy BNB when information technology reaches a specific price, employ the
Limit social club. Enter the desired price (in BTC) and the amount of BNB you want to buy, and so click the
Buy
push button.

Tip 1: If you lot’re planning to trade unlike cryptocurrencies, purchase some

token first. Holding the KCS token allows platform users to experience a number of benefits including a 30% trading fee discount in addition to an honor incentive bonus, which equals to l% of the total trading fees charged past the platform, which is distributed dorsum to users who hold KCS in their accounts.

Tip 2: If you deposited a big

corporeality

of coins, endeavour non to purchase your BNB all at once – instead, consider buying it at different price levels
.This

strategy is chosen unit of measurement cost averaging.

If you want to buy BNB at its electric current cost, click on the
Marketplace
tab and enter the amount of BNB you wish to purchase. The social club should exist executed almost instantly and the BNB volition be added to your balance soon.

Also basic trading, KuCoin has an advanced trading option for more experienced users. To create an advanced merchandise, y’all select the Advanced button. This option allows you lot to create a specific Order Type.