What is kucoin?
Like Binance floor, Kucoin is also an exchange from China.
The exchange was newly established in September 09 but currently has a daily transaction of up to US $ 2017 million, not bad for a fledgling exchange like Kucoin.
What is special about Kucoin?
To answer this question, let's take a look at some information about Kucoin floor!
Newly established trading floor (September 09)
The story of Bittrex, Cryptopia, and the recent discovery of Binance, must have not forgotten.
Issuing private coin Kucoin Shares (KCS)
Like Binance, there is Binance Coin (BNB).
For those who are interested: What is KuCoin Shares (KCS)? Complete focus on virtual currencies KCS
Low transaction fees
Bittrex's transaction fee is 0,25%, Poloniex 0.15% -0.25%, Kucoin's transaction fee is only 0,1% (like Binance).
Good user experience
Integrating Trading view chart to support tools for trading traders.
Diversified trading pairs
BTC, ETH, NEO, KCS and USDT.
Kucoin shares 90% of the profits from the fee collection for members
Specifically: 40% for referrals and 50% for anyone who holds KCS coin on the floor. This is my favorite point on this floor.
Especially : If you hold NEO on the floor, you will receive GAS. It's like brothers staking NEO. This many large floors have not done it!
The article may interest you: What is NEO? All about NEO virtual currency
With some of the above advantages, in my opinion, Kucoin will be a direct competitor to Binance in the near future.
Instruction to register Kucoin floor
To start registration Kucoin brothers visit here https://coin98.net/go/kucoin
Then press the button Sign Up On the right hand corner of the screen to register.
Please fill in the information e-mail and password, then press Next.
The Kucoin system will send you an email confirming the registration.
You check your email and click link to complete the registration of Kucoin floor account.
Attention : Email confirmation from Kucoin can go to Spam. You should double check!
So you have registered your Kucoin floor account and can start trading Bitcoin / Altcoins already!
Important: The withdrawal limit for accounts is 50 BTC! If withdraw> 50 BTC per day, the withdrawal will be approved manually because Kucoin does not have KYC (Verify identity of users).
Kucoin floor account security settings
The first thing you should do after signing up for an account is to enable 2-layer protection (XNUMXFA) for your account to increase security.
To enable 2FA security for your Kucoin account, you need to log in to your account.
Then visit here https://www.kucoin.com/#/user/setting/ga Or click on the item Settings> Google 2-step
Next you need to save the code Backup Key be careful so if you ever lose your phone or something you can still recover and log in to your Kucoin account.
Next you use the application Google Authenticator to scan barcodes.
After scanning the code QR Code You enter the code including 6 digits in the box Please input Google 2-step verification and press Submit.
Notification of turning on 2-layer security for successful accounts.
Next I will guide you to buy and sell transactions on Kucoin.
Guide to trade Bitcoin / Altcoins on Kucoin
Here I will take KCS coin as an example, you can buy and sell any coin listed on the exchange in the same way.
The majority of Altcoins are traded with BTC which means you need to deposit BTC to be able to buy the coin you want. Specifically, here it is Kucoin Shares (KCS).
To load Bitcoin you visit https://www.kucoin.com/#/user/account/dashboard or go to the item Assets. (You need to load any coin into this section! )
Here you click Deposit to get a Bitcoin wallet.
Your Bitcoin wallet will appear.
Your job now is to deposit Bitcoin into this wallet address.
If you are new to bitcoin, you should know how to trade it Read the article: Remitano Exchange: Guide to register and trade Bitcoin on Remitano to be able to manipulate bitcoin purchases on Remitano floor.
After transferring Bitcoin. Brothers to the section Markets or visit here kucoin.com/#/markets to choose the Altcoins you buy. Here, I choose a pair KCS / BTC.
The trading interface will appear as shown below.
Let me explain a little:
- Diagram on the left: The chart helps you keep track of how much the coin's purchases and sales fluctuate over time.
- The red column on the upper right hand side: Showing KCS sell orders. You can buy KCS at this column.
- The blue column below the red column: Express buy orders KCS. You can sell KCS at this column.
- Two Buy / Sell columns in the bottom right corner: This is where you place buy / sell orders.
For example: Here I want to buy 100 KCS for 0.000249 BTC. I enter the number 100 KCS Amount and enter 0.000249 in the box Price. Then press the button Buy to execute buy order.
After buying successfully, you enter the item Assets To see the number of coins in your account!
With command sell brothers execute the same command Buy Please! I won't say it here again.
To make the tutorial more intuitive, I made a video of how to use the Kucoin trading floor from AZ below.
So I have instructed you how to register and trade any Altcoins listed on the Kucoin floor!
At the moment, I only trade on Binance and Kucoin. Bittrex exchange is only used when the altcoins you want to buy are not listed on the two exchanges above.
Hello and see you again in the next article!