how to purchase bitcoin on kucoin

Purchasing Bitcoin on KuCoin involves creating a verified account, enabling 2FA, funding the account with fiat currency, trading for Bitcoin in the BTC/USDT pair, placing a limit buy order, monitoring its progress, and withdrawing the acquired Bitcoin to a desired wallet address.

Nov 03, 2024 at 12:33 am

How to Purchase Bitcoin on KuCoin

Step 1: Create a KuCoin Account

• Visit the KuCoin website and click "Sign Up" in the top-right corner.
• Enter your email address and create a password.
• Complete the captcha and click "Sign Up."
• Verify your email address by clicking the link in the email you receive.

Step 2: Enable 2-Factor Authentication (2FA)

• For enhanced security, enable 2FA by clicking "Settings" in the top-right corner and selecting "Security Center."
• Choose either SMS or Google Authenticator for 2FA and follow the on-screen instructions.

Step 3: Fund Your Account

• Click "Buy Crypto" at the bottom of the home page.
• Select your preferred payment method (e.g. credit/debit card, bank transfer).
• Enter the amount of fiat currency you want to deposit and click "Buy."
• Follow the instructions for your chosen payment method to complete the transaction.

Step 4: Trade for Bitcoin

• Once your account is funded, click "Trade" in the top menu bar.
• Select the "Trading Bot" tab and choose "Spot Trading."
• In the search bar, type "BTC" and select the BTC/USDT trading pair.

Step 5: Place a Buy Order

• Enter the amount of Bitcoin you want to buy in the "Amount" field.
• Choose "Limit" as the order type.
• Specify the price at which you want to buy (order limit) in the "Price" field.
• Click "Buy BTC" to place your order.

Step 6: Monitor Your Order

• After placing your order, you can monitor its progress in the "Orders" tab.
• Once the order is filled, the Bitcoin will be credited to your KuCoin wallet.

Step 7: Withdraw Your Bitcoin

• To withdraw your Bitcoin, click "Assets" in the top menu bar.
• Select "Withdraw" from the dropdown menu.
• Enter the BTC wallet address where you want to send the Bitcoin.
• Specify the amount of Bitcoin you want to withdraw.
• Review the transaction details and click "Confirm Withdrawal."