Kucoin is a great crypto trading platform where you can buy, sell and exchange cryptocurrencies such as BTC, ETH, and USDC.
Kucoin offers its users exceptional security for their accounts and assets by using the latest technology in its security system and employing a very experienced, professional, and competent security team. Kucoin also allows users to mine cryptocurrencies and use bots for safe earning. Kucoin also allows users to lend cryptocurrencies to others and charge interest on them. Staking, soft and hard, are also available on specific cryptocurrencies on Kucoin. Let us delve into how to receive, send and exchange cryptocurrencies on Kucoin.
Making An Account On Kucoin
When you use Kucoin’s platform, you must have an account. When you make your account, Kucoin will ask you to complete the KYC verification, also called the Know Your Customer Verification. Once you are done with this, you can move on to buying and selling cryptocurrencies.
Kucoin’s Fast Trade Option
Fast Buy And Fast Sell
Firstly, the user can use the fast trade option to buy, sell and exchange cryptocurrencies. Fast buy allows users to use debit or credit cards to buy more than 500 cryptocurrencies in exchange for more than 40 fiat currencies. You can also sell cryptocurrencies in exchange for fiat currencies using this method.
Peer To Peer
The second fast trade method is peer-to-peer, which is more customizable and attracts more customers. Traders have a rating monitored by the Kucoins administration to ensure no scams are occurring. Kucoin’s users can use more than 20 payment methods, including Google Pay, PayPal, Debit and credit cards, and many more. You can also exchange cryptocurrencies in this tab. For example, a trader might exclusively want BTC in exchange for ETH, so only those willing to sell ETH in exchange for BTC will be able to deal with the trader.
Third-Party Dealing
The third option in the Fast Trade option is third-party dealing such as Simplex and BTC Direct. These parties deal on their terms, and kucoin leads you to their website to deal. As the name suggests, these are not Kucoin administrations or users; they are third parties and deal on their terms.
Making an account and having some funds in it is essential to trading on cryptocurrencies. After your first transaction using Fast trade, Kucoin will ask you to bind your credit or debit card to make future transactions faster, safer, and easier.
Conclusion
Ultimately, we want to guide our readers on a safe and fun journey on Kucoin. You can easily sell, buy and trade cryptocurrencies on Kucoin using their fast trade option, which is very easy to use and beginner-friendly. Kucoin is a fun, reliable, and safe crypto trading platform that offers exceptional security with its sophisticated security system and competent security personnel. Some features such as biometric authentication further enhance the security of the platform. Good luck to users getting on Kucoin’s platform for the first time.
