how to use p2p on kucoin

To initiate a P2P trade on KuCoin, create an account, enable P2P trading, select a suitable trade order based on criteria like price and trader reputation, and proceed to securely transfer funds and release cryptocurrency.

Oct 28, 2024 at 05:34 pm

How to Use P2P on KuCoin

Step 1: Create a KuCoin Account

• Visit the KuCoin website and click on "Register."
• Enter your email address, create a password, and agree to the terms and conditions.
• Verify your email address.

Step 2: Enable P2P Trading

• Log in to your KuCoin account and hover over "Trade."
• Select "P2P Trade" and click on "Enable Now."
• Provide your personal information and complete KYC verification.

Step 3: Find a Suitable Trade Order

• On the P2P Trade page, select your preferred currency pair and payment method.
• Browse through the available trade orders and select one that meets your requirements.
• Consider factors such as price, payment channel, and the trader's reputation.

Step 4: Initiate the Trade

• Click on "Buy" or "Sell" for the selected trade order.
• Enter the amount you wish to trade and confirm your order.
• Make sure to carefully check the trade details before proceeding.

Step 5: Pay for the Trade

• Follow the instructions provided by the other trader.
• Send the funds using the specified payment channel (e.g., bank transfer, PayPal).
• Note that payment should be made within the time limit set by the trader.

Step 6: Release the Cryptocurrency

• Once you have paid for the trade, click on "Paid" or "Confirm Receipt" to release the cryptocurrency to the other trader.
• This should be done only after you have confirmed that the payment has been received.

Step 7: Complete the Trade

• The other trader will release their cryptocurrency to you.
• Once both parties have confirmed the transaction, the trade will be completed.
• You will receive a confirmation email from KuCoin.

Tips for Using P2P on KuCoin

• Always verify the identity of the other trader before proceeding with the trade.
• Choose traders with a high reputation and positive feedback.
• Be aware of potential scams and never send funds before verifying the trader's identity.
• Keep your P2P trading history organized for tax reporting purposes.
• Use a secure VPN when accessing P2P platforms for added security.