how to transfer from kucoin to bank account

Withdrawing cryptocurrency from KuCoin to a bank account involves selling the cryptocurrency, transferring USDT to a third-party platform, and withdrawing fiat currency to the bank account.

Oct 28, 2024 at 11:12 am

How to Transfer from KuCoin to Bank Account

Transferring cryptocurrency from your KuCoin account to your bank account is a simple process that can be completed in a few easy steps:

1. Sell Your Cryptocurrency:

• Select the "Trade" tab from the KuCoin dashboard.
• Choose the cryptocurrency pair you want to sell (e.g., BTC/USDT).
• Enter the amount of cryptocurrency you want to sell in the "Sell" field.
• Click the "Sell" button to execute the order.

2. Withdraw USDT to Third-Party Platform:

• Once your cryptocurrency is sold, go to "Main Account" > "USDT".
• Click the "Withdraw" button.
• Select the "ERC20" or "TRX" withdrawal network (ERC20 recommended for lower fees).
• Enter the recipient's USDT wallet address (not your bank account).

3. Withdraw Fiat Currency from Third-Party Platform:

• Register for an account on a third-party platform such as Coinbase or Binance.
• Add your bank account information to the platform.
• Withdraw your USDT from KuCoin to the platform's USDT wallet.
• Once the USDT is in your platform wallet, sell it for your desired fiat currency (e.g., USD, EUR).
• Withdraw the fiat currency to your bank account.