KuCoin Tutorial for Beginners

KuCoin is an exchange for all types of investors, so if you’re new to the area, here’s a beginner’s guide that will show you the entire process, from registration to trading on the platform.

To get started, you first need to register with the exchange. You can do this in two ways, by e-mail or phone number. See here how to perform the registration step by step. Make sure you use the referral code in this process.

After registration, it is important to protect your account and assets, so we recommend that you set your security settings and do KYC verification (identity verification). KYC verification will also be required to perform transactions on the platform.

Once this is done, there are two ways to then start trading: deposit funds (currency or cryptocurrency) or buy cryptos directly with a card. Let’s take a look at them one by one:

Depositing cryptos on KuCoin

If you already have cryptocurrencies, you can transfer them to the platform. To do this, you must first click on the wallet icon in the header and Deposit.

Then, on the Deposit tab, select the currency you will transfer and the network. Then copy your deposit address and paste it into the withdrawal platform (from where you are transferring).

ATTENTION: take care that the currency and network selected match the network of the address you entered.

KuCoin does not charge any fees for deposits, and they can take from minutes to hours, depending on the currency, to be processed. It is important to check which currencies are supported by the platform, and also that all the information (token, address, memo, tag, message) is entered correctly, otherwise these assets cannot be retrieved.

Depositing coins on KuCoin

If you do not yet own any cryptocurrency, you can make fiat currency deposits directly into KuCoin or via third-party payment gateways.

To do so, you must first click on the wallet icon in the header and Deposit. Then, on the Deposit tab, click on the Deposit Fiat button and fill in with your preferred currency and the available payment method.

Buying cryptos on KuCoin

There are three ways to buy cryptos directly on Kucoin: Fast Trade, P2P and Third-Party.

Fast Trade: fast purchase with credit or debit card. See step-by-step here

P2P: peeer-to-peer purchase through various payment methods, such as BANK, Payeer, AirTM, Advcash, Uphold and others. In this method you choose an advertiser that is selling the cryptocurrency you want to buy and select one of the available payment methods.

Third-Party: buying through third-party gateways, such as Simplex and Banxa.

Trading cryptos at KuCoin

With the balance in your account, it’s time for trading. For starters, most start with spot trading, crypto-to-crypto. For advanced trades, there are the options of Margin Trading and Futures Trading.

As the idea here is to show beginners how to trade on the platform, we will show you step by step how to make a spot trade.

In the Trade menu, select the Spot Trading option.

Select the crypto pair you want to trade. In the example below we have selected to trade KCS for BTC.

Then choose the order type and fill in the corresponding fields. KuCoin’s buy and sell order options are Limit, Market, Stop Limit and Stop Market.

But first, you will need to enter your transaction password, created there in the security settings.

In the Limit order you will set a limit price (usually below the current market value) to buy or sell your cryptos. In the Market order, you buy or sell at the best current market price. And in the Stop Limit order you set a trigger price to buy or sell your cryptos at the set limit price. Still another option is the Stop Market order, where you set the trigger price to buy or sell your cryptos at the current market price.

Each coin has a minimum value for trading, and fees start at 0.1%, but can be decreased by maintaining KCS or increasing trading volume.

Making cryptocurrency withdrawals at KuCoin

Just like depositing cryptos, withdrawing cryptos at KuCoin is very simple.

Click on the wallet icon in the header and Deposit.

On the Withdraw tab you will have the Withdraw Crypto and Withdraw Fiat options. Choose where you want to withdraw your funds from and fill in the corresponding fields, always paying attention to the correct typing of the information.

And to confirm the deposit and withdrawal balance, click on the History tab (Deposit & Withdrawal).

Other KuCoin functionalities

Navigating through the platform menus, we see that it is also possible to perform transactions in Markets.

In the All tab it is possible to view the current values of cryptocurrencies and also perform actions buy call and put options in the Spot tab.

Other trading options in the Trade menu, besides the one mentioned above (Spot Trading) are Margin Trading, Trading Bot and Convert. These trading markets, while they can amplify your profit, can also expose you to increased risk.

In margin trading the method is to use third-party funds to trade assets, as if it were a loan. One advantage is that it allows you to increase your main fund and use small funds as collateral to make more profit. However, the higher the leverage, the greater the losses, and it is therefore considered a high-risk investment.

With Trading Bot you can set up a trading strategy and this free tool will repeat it constantly. This way you save time and energy and increase your profit by reducing trading risks.

And finally, there is the Convert option, which is nothing more than a free tool for converting cryptos to other cryptos, without the need for spot market trading.

In the Derivatives menu are the options for futures trading. Simply put, here you will be buying assets at a later date with a predetermined price at a also specified time, and the seller will have to make delivery of this asset under these conditions on this same date.

In the Earn menu you will find KuCoin tools that will allow you to earn passive income. Learn more about KuCoin Earn by clicking here

In the NFT menu you will find options of NFT tokens for trading.

And finally, in the Wallet menu you will have access to the official KuCoin wallet, where you can send, receive and store your cryptocurrencies and NFTs.

If you liked this article, you might also be interested in:

• The Kucoin Fast Trade Option
• What is the Kucoin API
• Kucoin Stats
• Kucoin fees explained
• Kucoin KCS Bonus
• Kucoin Earn
• How to create a Kucoin account
• Kucoin Affiliate Program
• Kucoin referral code

The KuCoin Affiliate Program

Have you ever thought about earning up to 45% of daily trading fees as commission at KuCoin just by referring friends? Yes, it is possible through the platform’s Affiliate Program. See how in this article.

Who can participate?

The criteria for participation in the KuCoin Affiliate Program is to have a community, media or other resources (such as websites, for example) about the crypto world.

Note: For youtubers, digital currency community leaders and content creators, you must have more than 5,000 followers on social networks, or a community with more than 500 members.

If you meet these requirements, register with Kucoin and join the program.

How does the program work?

After your registration is approved and you meet the above criteria, you will have access to an exclusive invitation link for promotion with your community and followers. For each user who registers on the platform and trades with your referral link, you will earn commissions, including Spot, Futures, and Margin trades. Also, if your guest also becomes an affiliate of the program, becoming a sub-affiliate, you will also receive 5% of his referral bonus.

You can also create special links with discount rate levels for your guests, ranging from 0% to 20%. This way you can receive a percentage of the commission while the remaining percentage is distributed to your guests as a discount. This can improve the efficiency of your invitations.

How are comissions calculated?

There are two affiliate levels in the program, which are analyzed and adjusted through quarterly evaluation.

Tier 1: entry level, with direct commissions at 40%.

Level 2: direct commissions at 45% on trades.

To become (and remain) a level 2, the criterion is to refer at least 100 new users every quarter, 20 of which must perform trades. If a level 2 fails to meet this criterion, in the following semester it will be downgraded to level 1.

*In the case of having a sub-affiliate, all trades made by users indicated by him/her will contribute with an additional 5% of commission for you, in addition to the percentage that you already receive from your referrals, depending on their level of affiliation. In other words, if you refer a guest and he refers another one, you are considered the main affiliate and your referral is the sub-affiliate, and he normally receives the percentage of his referral without being discounted from the 5% of your commission on him.

For how long do referrals generate commissions?

Commissions are generated during a period of 12 months by guests, starting from the official date of their registration on the platform.

The commission received will be paid on a weekly basis, and there is no limit to the number of guests an affiliate can refer, as well as to the total amount of commission, which is accumulated with each new guest, during the period mentioned above.

How do I invite people to sign up with my referrals?

You can refer people using a link or referral code. We created an article to explain how the referral code works.

See also:

• Kucoin fees explained
• Kucoin Tutorial for beginners
• Kucoin KCS Bonus
• Kucoin Earn
• How to create a Kucoin account
• The Kucoin Fast Trade Option
• What is the Kucoin API
• Kucoin Stats

How to create a KuCoin account

Creating a Kucoin account is very simple! On the homepage, click Sign Up.

Fill in your phone number (country code + area code) and create a password of 10 to 32 characters, having uppercase, lowercase, number and not containing spaces. Check the box “I have read and agree to the Terms of Use” and click Sign Up.

Notice that there is a field called “Referral Code (optional)“. If you use the Kucoin Referral Code QBSSSCKP you will get special discounts (20%) on the platform’s transaction fees.

Click on “I’m not a robot” and do the captcha verification.

Then enter the code you received via SMS into the corresponding field and click Activate Account. Note: the code is valid for 10 minutes, if you cannot complete the registration in this time, you will need to request it again.

Congratulations! Your account has been successfully created and you will be directed to the exchange’s main page.

You can now deposit cryptocurrencies into your account to start trading them, if you own cryptocurrencies on other exchanges or wallets. If not, you can buy some with your credit or debit card.

But first, to protect your account and assets, it is highly recommended to complete the security settings. To do this, click on the icon for your phone number and the Account Security menu.

Check the items in red one by one by clicking Configure next to each one.

Once this is done, you can use all the site’s tools, such as buying and selling cryptos by Fast Trade with a credit card or by the trading panel, choosing available cryptocurrency pairs.

See also:

• The Kucoin Fast Trade Option
• What is the Kucoin API
• Kucoin Stats
• Kucoin fees explained
• Kucoin KCS Bonus
• Kucoin Earn
• Kucoin Affiliate Program
• Kucoin Tutorial for beginners

What is KuCoin EARN?

KuCoin Earn is an equity management service platform created by the KuCoin exchange. Through it, users can use various financial products to increase the value of their holdings through staking profits and POL* income – calculated by the system and POL mining energy valuation.

Its products are highly flexible and diversified, with multiple skating options.

*Proof of Liquidity (POL) is a decentralized zero pre-mine token based on the TRON TRC-20 protocol, and issued by KuCoin Earn.

What kind of products does Earn offer?

Kucoin Earn provides both flexible-term and fixed-term products. For the first case, users can redeem their funds at any time. For the second case, funds are automatically redeemed into the user’s account upon maturity.

In terms of yield, fixed-term products are superior to flexible-term products.

How do I purchase the products in KuCoin Earn?

Simply hover your mouse cursor over a coin in KuCoin Earn to display all available products. Then click on the Transfer or Subscribe button on the chosen product and enter the purchase amount. There, you have purchased the product.

Where can I see the products I purchase in KuCoin Earn?

In your financial account, select a product type to view all the corresponding products you purchased. It’s as simple as that.

How do I redeem my funds in KuCoin Earn?

As stated earlier, funds from fixed-term products will be automatically redeemed into the user’s account upon maturity. For flexible term products, such as Flexible Savins and Staking, for example, simply click the Transfer or Redeem button.

Why do my interest payments fluctuate?

Fluctuations in returns are normal and depend on market conditions and changing trends in the cryptocurrency industry.

See also:

• Kucoin KCS Bonus
• Kucoin Affiliate Program
• Kucoin invitation code
• How to create a Kucoin account
• Kucoin Tutorial for beginners
• The Kucoin Fast Trade Option
• Kucoin Stats
• Kucoin fees explained

Kucoin KCS Bonus

KCS Bonus is an incentive mechanism of the Kucoin exchange for KCS token holders and Kucoin ecosystem builders, which allows obtaining daily passive income.

But what is KCS?

KuCoin Token (KCS) is Kucoin’s native ERC-20-type token (running on Ethereum), launched in 2017 as a profit sharing token, also used to reduce trading fees.

Based on the amount of KCS that users hold, KuCoin determines VIP levels, which will receive additional benefits and greater discounts on trading fees.

Holders of this token also get early access to token sales on blockchain projects launched on KuCoin Spotlight. This allows investors to enjoy a higher ROI than those who buy on secondary markets.

Where does this Bonus come from?

The KCS bonus comes from 50% of the platform’s daily trading fees. But the amount of rewards users will get will depend on the number of KCS held and the trading volume on the exchange.

How can I participate in the KCS Bonus Plan?

To get the bonus, users have to hold at least 6 KCS on Kucoin, in addition to linking their account by Google Verification or phone number.

And to be eligible, you can hold the KCS token in the main wallet, trading account or margin account. Please note that you will not receive the daily bonus if you wager your KCS on Kucoin Earn, only on the Kucoin Exchange.

How can I claim my bonus?

You can claim your KCS bonus daily from the app or from the website. In the app, just go to Home > KCS Bonus, and on the website click Asset Overview > My Bonus > KCS Bonus.

After 30 minutes your KCS bonus will be sent to your account upon request and will be distributed to your main Kucoin account.

See also:

• The Kucoin Fast Trade Option
• Kucoin Stats
• Kucoin fees explained
• Kucoin invite
• Kucoin Earn
• How to create a Kucoin account
• Kucoin Affiliate Program
• Kucoin Tutorial for beginners

What are the Kucoin fees

The fees charged at the Kucoin exchange depend on a few factors. We will understand what each one means below.

Amount of KCS

Kucoin has a token called KCS. If you have 1000 units or more of this token, you get special discounts on fees.

Payment of fees in KCS

When a trade is made with the KCS token, there is an extra 20% discount on fees.

Spot trading volume for the past 30 days

This is the calculation of the total financial volume traded on the spot market (buying and selling cryptocurrencies) for the past 30 days. The financial volume of each trade is counted in BTC.

For example: if a trade of buying ETH using USDC moved 1000 USDCs (equivalent to $1,000.00) and the price of 1 Bitcoin at that moment was $20,000.00, it means that the traded volume counted was 0.05 BTC.

Futures trading volume for the past 30 days

This is similar to the volume calculated in the spot market, but only accounts for trades made in the futures market section.

Maker/Taker

A Taker order is when you request a buy or sell without setting a price, just setting a “market order,” which basically executes the first buy or sell options in the order book.

A Maker order, on the other hand, is one where you set the buy or sell price, add the order to the order book and wait for it to be executed by someone interested in buying or selling at that specific amount.

The names “Taker” or “Maker” exist because one type of order takes liquidity out of the market, and the other type adds liquidity to the market.

The 12 fee levels

Kucoin has 12 fee levels, the higher the level, the lower the trading fee.

You can increase the level based on the factors mentioned above, as listed in the table below:

In addition, registration made through a reference code also guarantees an extra discount that can reach up to 20% on fees.

See also:

• The Kucoin Fast Trade Option
• Kucoin KCS Bonus
• Kucoin Earn
• Kucoin Tutorial for beginners
• What is the Kucoin API
• Kucoin Stats

What is the Kucoin API and what is it used for

If you are a new user to Kucoin, you may have seen the “Kucoin API” option on the exchange and been curious. When reading the official documentation, you may not have understood anything.

That’s why we are creating this article to help you understand what the Kucoin API is in a simple way.

What is an API?

First of all, you need to know what an API is. An API is for you to make quick and simple communications with some system.

For example, imagine your friend has created a cool program on his computer about nutrition, where the user enters some basic body information like weight and height and the program returns a diet suggestion.

This program could be put on a website, where several users around the world could use it.

But imagine that you have data from an entire class of students in an Excel file, and you don’t want to have to enter all the data manually on the website. The ideal solution would be to be able to automate this task, where you just submit all the data at once and the nutritional program returns all the results.

This would be possible through an API.

In other words, an API is an automated way to communicate with some software. You, who are going to use the API, want to create some simple programming code (like organizing the data in your Excel file and then submitting it to the nutrition site), and the site needs to be ready to receive these requests.

To make this possible, some programming language will be used, such as Python.

With Python, you use a visual interface (IDE), which you are used to writing your programs, and import a specific library that contains all the parameters to work with the API in question.

In the case of our nutrition program example, you would use some simple command in your code like:

import nutritionAPI

and then start using the API. Each time you run the code, this API would communicate with the server that owns the nutrition program.

If the API was well constructed, the commands would be as simple as:

diets = nutritionAPI(data)

that is, you would pass the students’ data and the function would return the diets, saving the result in the “diets” variable we created.

Back to the Kucoin API

Now that we understand what an API is, it’s easy to understand what the Kucoin API is. It is an automated way to communicate with the Kucoin cryptocurrency exchange.

Instead of manually logging into the exchange and performing your commands to make a trade, you can program everything using Python.

Why is this useful?

Imagine you want to create a trader bot that buys and sells bitcoin every time the price of two moving averages cross.

Simply create programming code using Python that defines when it is time to buy or sell (by calculating the moving averages) and execute the orders on the exchange using the API.

The Kucoin API returns various information, such as the price of the assets, so you can follow the price in real time, perform the calculations, and submit the orders to the exchange to make the trade.

How to use it in practice?

I mentioned in the example of the nutrition program that it would be necessary to import a library with the API in question. In the case of Kucoin, this is the Python library: https://github.com/Kucoin/kucoin-python-sdk

In this same Github repository there are code examples showing how to make the requests and what results are returned.

Kucoin also allows its API to be used with other programming languages besides Python, such as Java, PHP, GO and Nodejs.

Did you enjoy the article? Also read:

• Kucoin tutorial
• Kucoin statistics
• Kucoin Fast Trade
• Kucoin fees explained
• Kucoin reference code

Kucoin Fast Trade (Fast Buy)

The Kucoin Fast trade, also called Fast Buy, is a way to buy cryptocurrencies with just one click, using any of more than 70 payment methods.

Kucoin developed this option for people who are new to the crypto market and who also have no experience with investments or the stock market.

Buying on Kucoin Fast trade in 3 steps:

• Step 1: make your registration at the Kucoin exchange, entering your email or phone number;
• Step 2: enter your personal information and verify your identity;
• Step 3: choose your card or payment method and click “buy” to buy cryptocurrencies with one click.

The fast trade option is located at the top left corner of Kucoin’s main menu, after clicking on “Buy Crypto”:

After clicking on “Fast Trade”, this window will open, where you can enter how many dollars you want to invest and choose which cryptocurrency you want to buy:

Note that in this example above I am buying $1,000.00 worth of Bitcoins (BTC) paying with a Visa/Master card. As the Bitcoin price in this example was $19,686.05, my purchase resulted in 0.050797 bitcoins. The math was:

$1,000/($19,686.05/BTC) = 0.050797 BTC

In the new example below, I am buying 1,000.00 Euros worth of Ethereum (ETH):

Since the Ethereum price was very close to 1,000.00 Euros per ETH, this resulted in almost 1 ETH.

Which payment methods are accepted on Kucoin Fast Buy?

Any credit, debit or prepaid card issued by Visa and MasterCard are accepted. It is also possible to use Paypal and other intermediary platforms.

What are the limits of Fast Buy?

Each trade needs to be between $5-5,000.00. The transaction fee will appear on the screen before you confirm.

Congratulations, now you know how to use Kucoin’s Fast Trade option!

See also:

• Complete Kucoin Tutorial
• Kucoin Statistics
• Understand the Kucoin KCS Bonus
• How to use the Kucoin Earn option
• Kucoin fees explained
• What is the Kucoin API