Things to note for newbies to KuCoin exchange

New users should prioritize completing their KYC verification on KuCoin for increased withdrawal limits and access to advanced features.

Oct 25, 2024 at 05:21 pm

Things to Note for Newbies to KuCoin Exchange

KuCoin is a popular cryptocurrency exchange offering a wide range of trading pairs, advanced features, and low fees. Here are some important things to note for new users:

1. Account Verification:

   • Complete your KYC verification to increase withdrawal limits and access certain features.
   • Submit government-issued ID and proof of address.

2. Trading Fees:

   • KuCoin uses a maker-taker fee schedule.
   • Trading fees vary depending on your trading volume and VIP level.
   • Use KCS tokens to pay fees for a 20% discount.

3. Supported Cryptocurrencies:

   • Supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and altcoins.
   • Check the exchange's website for a complete list.

4. Trading Interface:

   • Offers a user-friendly interface with customizable charts and trading tools.
   • Supports spot trading, margin trading, futures trading, and OTC trading.

5. Deposit and Withdrawal:

   • Supports deposits via bank transfer, credit/debit card, and cryptocurrencies.
   • Withdrawals are subject to fees and minimum withdrawal limits.
   • Check the exchange's website for specific deposit and withdrawal methods and fees.

6. Customer Support:

   • Provides support through live chat, email, and social media channels.
   • Response times may vary depending on the time of day and the volume of inquiries.

7. Security:

   • Implements industry-leading security measures, including 2FA, cold storage, and DDoS protection.
   • Regularly conducts security audits and upgrades to ensure the safety of user funds.

8. Affiliate Program:

   • Offers a generous affiliate program that allows you to earn commission on referral trading fees.
   • Create an affiliate link to share with others and earn passive income.

9. Mobile App:

   • Provides a mobile app for iOS and Android devices.
   • Offers the same features and functionality as the desktop platform.

10. Community:

    • Has a large and active community on social media platforms and Telegram groups.
    • Provides a platform for users to interact and share information about the exchange and crypto markets.