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After we have discussed the advantages and drawbacks of KuCoin’s wallet, it’s time to talk about its usability of KuCoin. In other words, how to use KuCoin to store your cryptocurrency.
How do I register on KuCoin?
First and foremost, The registration process.
Step 1: Go to The KuCoin official web. This is the same website you’d visit to register on the KuCoin exchange. Although the platform is primarily a cryptocurrency trading platform, registration is the same.
Step 2: Once you are on the homepage, click the ” Register” button.
Step 3: As usual, you’ll be asked to verify your email and create an account password. The email verification happens at the same screen that you registered initially.
Step 4: After you have entered the verification code you received to your email address and created a secure password, you will now have an account at KuCoin.
You will then be asked if you would like to buy or deposit crypto funds into an account. Don’t exit the screen! In the next stage of our KuCoin wallet evaluation, we will be looking at KuCoin deposits and starting from the screen in question.
However, before that, KuCoin registration is one of the fastest and easiest processes!
It is rare for a cryptocurrency exchange wallet to allow you to use its services so quickly. Speedrun registration could be done in less than 10 seconds if your email tab is open next to the KuCoin exchange.
This is partly due to being an unregulated platform. If that doesn’t concern you, you will surely appreciate the simplicity and speed of registration!
How do I deposit/withdraw cryptocurrency assets to /from KuCoin?
After registering on the platform and carefully considering the numerous KuCoin wallet reviews, you have now made your first deposit. How do you go about making your first deposit?
Let’s see it!
Step 1: Assuming you are still on the screen, click ” Deposit funds”.
Step 2: Now you need to choose the cryptocurrency asset you want to deposit. You can deposit KuCoin with an almost endless number of coins, as you can see.
To keep things simple, however, I have chosen as my example.Click on source link “Continue” after choosing an account (trading or main).
Step 3: You will receive a Bitcoin wallet account. You can make a deposit immediately by copying and pasting the address to your withdrawal destination. Double-check that the address is correct. If the address isn’t a keylogger or any other virus, then make the deposit.
As you can see, it’s possible to also generate using a SegWit address.
SegWit addresses enable you to transfer BTC faster, and with a lower fee. They are not supported by all exchange wallets, but it is a win for KuCoin!
Step 4: When it comes to withdrawing cryptocurrency assets from KuCoin the process is almost identical (but the opposite way around). First, choose the asset you wish to withdraw and then copy the address.
However, this will require you to set up SMS- or Google-based 2FA and create a trading password. This is an additional layer of security, even though it is not required for KuCoin withdrawals.
KuCoin is extremely simple to use if you are only using it as a cryptocurrency storage option. The registration process is very simple and fast (one of the fastest I’ve ever encountered, actually). Both deposits and withdrawals are self-explanatory and easy to manage.
Overall, there shouldn’t be any problems withdrawing or depositing your KuCoin cryptocurrencies. It’s reassuring to know that it is available!
KuCoin certainly has a lot to offer the average crypto enthusiast. This is especially true for someone looking to diversify his portfolio. KuCoin also has a second aspect: It is evident that KuCoin offers features that will suit people who are looking for a high-end cryptocurrency exchange which gives you feature forecast like Ethereum price prediction.
You can learn more about KuCoin if you want to test it as an exchange alternative. It can also be used as a wallet service.The application can be downloaded from the official website or found in the app store on your mobile device.