If you’re looking for a guide on How to Buy Coin on Kucoin, you’ve come to the right place! In this blog post, we will walk you through the process step-by-step. Kucoin is a relatively new cryptocurrency exchange, but it has quickly gained a reputation for being one of the most user-friendly exchanges available. This guide will teach you how to set up an account on Kucoin, deposit funds, and buy your first coin! Let’s get started!
When Was Kucoin Created?
Kucoin was founded in September of 2017, making it one of the newer exchanges on the market. Kucoin’s goal is to provide a user-friendly platform for buying and selling cryptocurrencies. So far, they have been successful in this endeavor! Kucoin has quickly become one of the most popular cryptocurrency exchanges available.
Who Is Behind the Kucoin Exchange Platform?
The Kucoin team is composed of a group of cryptocurrency enthusiasts passionate about bringing blockchain technology to the masses. The team includes former employees of Ant Financial, GF Securities, Youling, Jianbang Communication, and iBOX PAY.
The Kucoin Exchange platform was launched in September 2017 to become a world-class cryptocurrency exchange. The team is headquartered in Hong Kong and has offices in Singapore, the Philippines, Thailand, and South Korea.
The Kucoin Exchange platform is built on an advanced trading engine that can handle up to one million transactions per second. The platform also features a unique “Referral Bonus” program that allows users to earn a percentage of the commissions paid by their referrals.
Is Kucoin Safe To Use?
The short answer is yes, Kucoin is a safe and reputable cryptocurrency exchange. However, there are always risks involved in trading cryptocurrencies, so it’s important to do your research before investing any money.
Kucoin has been in operation since 2017 and has built up a good reputation in the crypto community. They offer a wide range of altcoins and have low fees. They also offer a Kucoin Shares (KCS) token that gives holders discounts on trading fees and rewards them for holding the token.
Overall, Kucoin is a safe and secure exchange that I recommend to anyone looking to trade cryptocurrencies. However, as with any investment, you should always do your research before investing.
How to Buy Coin on Kucoin: A Step-by-Step Guide
Creating Your Kucoin Account
The first step in buying coin on Kucoin is to create an account. You can do this by going to the Kucoin website and clicking on the “Sign Up” button in the top-right corner. Fill out the form with your email address, password, and username. Once you have completed the form, click on the “Create Account” button.
You will then be sent an email to confirm your account. Click on the link in the email to confirm your account and log in to Kucoin.
The next step is to set up Two-Factor Authentication (also known as “Two-Step Verification”). This is an important security measure that will help to keep your account safe. To set up Two-Factor Authentication, click on the “Security” tab in the top navigation bar. Then, click on the “Enable” button next to Two-Factor Authentication.
You will then be prompted to download the Google Authenticator app on your smartphone. Once you have done this, scan the QR code or enter the secret key into the app. The Google Authenticator app will then generate a six-digit code that you will need to enter into the Kucoin website. Once you have done this, click on the “Enable Two-Factor Authentication” button.
Once you have set up your account and enabled Two-Factor Authentication, you are ready to deposit funds. To do this, click on the “Assets” tab in the top navigation bar. Then, click on the “Deposit” button next to the currency you want to deposit.
For example, if you want to deposit Bitcoin, click on the “Deposit” button next to BTC. You will then be shown your unique Bitcoin deposit address. This is the address that you will need to send your Bitcoin.
Once you have sent your Bitcoin to this address, it will appear in your Kucoin account. The deposit may take a few minutes to show up in your account.
Buying Coin on Kucoin
Now that you have deposited funds into your Kucoin account, you are ready to buy coin! To do this, click on the “Markets” tab in the top navigation bar. This will take you to the Kucoin trading page.
On the Kucoin trading page, you will see a list of all of the different cryptocurrencies available on Kucoin. To buy coin, click on the currency pair you want to trade. For example, if you want to buy Bitcoin, click on the BTC/USDT pair.
This will take you to the order page for that particular currency pair. On the order page, you will see a chart of the price movements for that currency pair and an order form.
Enter the amount of coin you want to buy in the “Buy” form to buy. Then, click on the “Buy BTC” button. Your order will then be placed, and you will own the coin you just bought!
If you’re looking for an alternative to Kucoin, there are a few options. Binance is one of the most popular exchanges and offers a variety of features that Kucoin doesn’t. However, Binance does have some drawbacks, such as high fees and a complex user interface.
Another option is Coinbase, which is one of the most user-friendly exchanges. Coinbase doesn’t offer as many features as Kucoin, but it’s suitable for beginners.
Finally, there’s Gemini, which is another popular exchange that offers a variety of features. Gemini has high fees, but it also has an excellent reputation for security.
In this blog post, we have walked you through buying coin on Kucoin. We hope that this guide has been helpful and that you can now buy coin on Kucoin with ease! Thanks for reading, and happy trading!
Please note that this is not financial advice. Cryptocurrency prices are volatile and investing in cryptocurrency is a risky endeavor. Please do your research before making any investment decisions.