FAQs
How to Sell Digital Assets on KuCoin P2P Fiat Trade?(App Version)
- Sep1:After login, please choose "Buy Crpto".
- Step2:Please select "Sell", find your currency, click" Sell".
- Step3: You could fill in the quantity or click all then the valume will be popped up automatically. After filling it in, click " sell now".
Why can't i sell on KuCoin? ›
Q6:Token Sell Function is Restricted.
If you find your token sell function in KuCoin P2P Fiat Trade is restricted, this is because you have changed the security settings (including Google two-step verification, trade password, binding mobile phone, etc.)
How do I sell and cash out on KuCoin? ›
Web: Log in to your KuCoin account, then find the withdrawal page. You may type the token name in the search box, or scroll down and click on the token you want to withdraw. App: Log in to your KuCoin account, then click "Assets" - "Withdraw" to enter the withdrawal page.
How do I sell my KuCoin? ›
Visit KuCoin P2P Fiat Trade homepage, click “Sell”. 2. Enter the total/amount you want to sell and your trading password, click“Place Order”(The corresponding number of the tokens will be frozen).
How long does KuCoin take to sell? ›
KuCoin tries to process all withdrawal requests within 30 minutes. However, withdrawals can take up to 2-3 hours to process when many transactions are taking place on a certain blockchain network.
Is it legal to use KuCoin in the US? ›
Both KuCoin and Coinbase rank among the top cryptocurrency exchanges in the world by trading volume. 12 However, there are some important differences between the two platforms: KuCoin is not licensed in the United States, but Coinbase is licensed in the U.S.
Why KuCoin not allowed in usa? ›
The United States has strict regulations for cryptocurrency exchanges, and KuCoin is not licensed to operate in the states. If you live in the U.S, you may be tempted to use KuCoin without completing the KYC verification. You'd have restrictions on how much you could withdraw, and how much leverage you could access.
Why won't KuCoin let me withdraw? ›
If you are still unable to make a withdrawal after the resumption of the withdrawal service, ensure that the funds are in your KuCoin Main Account and you do not have any open orders in the spot, margin, futures or lending market.
Why is KuCoin not supported in the US? ›
KuCoin is perfect for getting started in the crypto scene because it's so easy to use and offers low fees with plenty of coins to purchase. However, it's restricted for US citizens due to a lack of license and KYC (Know Your Customer) process.
Is it hard to withdraw money from KuCoin? ›
Unfortunately,you cannot withdraw fiat directly from KuCoin. You will be able to withdraw your money,though,if you open an account on a different exchange that permits fiat withdrawals.
Yes. Earning cryptocurrency from mining, staking, or other related transactions is a form of income that needs to be reported on your taxes.
How much is it to withdraw from KuCoin? ›
The only way to withdraw money from Kucoin directly to a bank account is with SEPA-withdrawal. For now, this is only available if you withdraw euros. There is a 5 EUR fee and the funds should arrive within 1-2 business days. For other currencies like USD, the only option as of now is through Advcash.
Can you cash out crypto on KuCoin? ›
Can You Withdraw Coins from KuCoin? You can withdraw coins from KuCoin and transfer them to a different wallet. Unfortunately, KuCoin doesn't convert your asset into fiat currency. You can only send and receive cryptocurrency assets like Bitcoin.
How much does it cost to sell on KuCoin? ›
KuCoin charges only a “flat fee” of 0.1% for each spot trade, significantly lower than the industry average. This flat base fee doesn't matter even if the coins gain and lose value.
Does KuCoin take your money? ›
Like most crypto exchanges, you pay a fee to withdraw almost all cryptocurrencies from your KuCoin account. For instance, the current fee to withdraw Bitcoin from the platform is 0.0005 BTC, which would amount to approximately $10.12, at the time of this writing.
How fast can I withdraw from KuCoin? ›
KuCoin usually processes your withdrawal within 30 minutes, but delays may occur due to reasons such as network congestion. To ensure the security of your assets, withdrawals over a certain amount may be manually processed, which can take a bit longer.
How long does KuCoin take to withdraw to bank? ›
KuCoin typically processes withdrawal requests within 30 minutes. (2) Processing: KuCoin is processing the withdrawal. This may take 2-3 hours. (3) Succeeded: We have processed your withdrawal, and the transaction has been recorded on the blockchain.
Is KuCoin a Chinese company? ›
China-based cryptocurrency exchange platform KuCoin hits $10B valuation.
How can US residents use KuCoin? ›
How to Use and Trade on KuCoin in the US
- Get a VPN. I recommend ExpressVPN because of its robust security features and large server network that allows you to trade from anywhere.
- Connect to a server in Europe. ...
- Create a KuCoin account. ...
- Verify your account. ...
- Complete the verification. ...
- Set up 2FA. ...
- Start trading on KuCoin!
Who is the owner of KuCoin? ›
Step 1: Enter the required identity information to complete the Basic Identity Verification.
- Step 2: After completing the Basic Identity Verification, tap the Continue Advanced Verification button.
- . ...
- Step 4: Turn on your camera for Facial Verification.
- Step 5: Wait for the verification result.
Do you need to verify KuCoin to withdraw? ›
Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. KuCoin has also added the ability for KYC verified accounts to enjoy a higher daily withdrawal limit. We do strongly suggest our clients complete the KYC verification.
Why can't i withdraw all my crypto? ›
Holding period. If you've recently purchased crypto via card, ACH or Open Banking, your crypto may be subject to a holding period. During a holding period, you cannot withdraw from your cash (GBP, EUR, or USD) account, send funds to your DeFi Wallet, or send to an external wallet.
Why are my funds frozen on KuCoin? ›
If you have issued a red envelope and the red envelope is not claimed, your funds will be temporarily frozen. Please don't worry, the funds that have not been claimed will be returned to your account after 4 days.
Can I use KuCoin in New York? ›
Unfortunately, you cannot use Kucoin in New York or other US states.
What countries can use KuCoin? ›
Known as "The People's Exchange", KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services.
How much can you withdraw from KuCoin in the US? ›
KuCoin has imposed 24H withdrawal limits, variable based on user levels. Customers with a level ranging between 0 and 4, have a 200 BTC 24H withdrawal limit, whereas level 12 users must abide by a 3,000 BTC 24H limit.
How does IRS catch cryptocurrency? ›
In addition, major exchanges issue 1099 forms to customers and to the IRS reporting on your crypto transaction activity. If you don't report transactions that have been reported to the IRS via Form 1099, you may automatically be sent a warning letter about your unpaid tax liability.
Can the IRS audit your cryptocurrency? ›
Even if you haven't received a letter and you've not used an exchange that has been summoned by the IRS, the IRS may still audit your crypto investments.
Can you go into debt on KuCoin? ›
The Debt Ratio will be refreshed every 5 seconds. When the user's debt ratio reaches 95%, the user's account will trigger an alert and KuCoin will send an SMS and email warning to the user based on the security settings. A forced liquidation will be triggered when the debt ratio reaches 97%.
Coinbase vs Kucoin cryptocurrency exchange overall score comparison reveals that Coinbase has a higher overall score of 9.6, while Kucoin gathered an overall score of 9.1. If we look at the ease of use, it's clear that in this Coinbase vs Kucoin comparison, Coinbase has better & smoother user experience than Kucoin.
What is the minimum trading amount in KuCoin? ›
Can I start trading with just $1? KuCoin allows users to improve their practical experience through a variety of trading and financial products for as low as $1.
Can you withdraw from KuCoin to a bank account? ›
Note the following when withdrawing (transferring) assets from your KuCoin account into a bank account: 1. Use only bank accounts under your name for receiving funds. Make sure that the name on the bank account you use for the withdrawal (transfer) is the same as the name on your KuCoin account.
How much is $100 dollars in KuCoin? ›
USD to KOK
Amount | Today at 12:47 am |
---|
5 USD | 94.70 KOK |
10 USD | 189.41 KOK |
50 USD | 947.04 KOK |
100 USD | 1,894.08 KOK |
4 more rows
How much is KuCoin into dollars? ›
The live KuCoin Token price today is $8.22 USD with a 24-hour trading volume of $1,583,490 USD. We update our KCS to USD price in real-time. KuCoin Token is up 1.77% in the last 24 hours.
How to make money on KuCoin? ›
Lending is the most popular way to earn passive income on the KuCoin platform. KuCoin lending currently supports around 90 digital assets for lending, even those that aren't commonly found on other crypto lending platforms.
Can you withdraw from KuCoin immediately? ›
KuCoin withdrawals typically take around 30 minutes.
That's because it usually takes that long for KuCoin to process each transaction. However, if you withdraw large amounts, processing time may take longer. KuCoin categorizes this as larger than 100,000 times the handling fee.
Can I instantly withdraw from KuCoin? ›
Unfortunately,you cannot withdraw fiat directly from KuCoin. You will be able to withdraw your money,though,if you open an account on a different exchange that permits fiat withdrawals.
Does KuCoin have instant exchange? ›
KuCoin Instant-Exchange
KuCoin's Instant Exchange is a fast and secure way to swap Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and XRP (XRP) for Tether (USDT) and Bitcoin (BTC).
Can you trade right away on KuCoin? ›
5. Start Trading on KuCoin. You can start trading to earn money as soon as your account receives the assets you transferred, which shouldn't take long. Once your asset is deposited on your account, navigate to the Markets tab.
KuCoin has imposed 24H withdrawal limits, variable based on user levels. Customers with a level ranging between 0 and 4, have a 200 BTC 24H withdrawal limit, whereas level 12 users must abide by a 3,000 BTC 24H limit.
How do I instantly withdraw from crypto? ›
There are typically four ways to turn Bitcoin into cash instantly:
- Use a crypto debit card like the BitPay Card.
- Sell crypto for cash on a central exchange like Coinbase or Kraken.
- Use a P2P exchange.
- Seek out a Bitcoin ATM.
- Bonus: Gift cards.
How many hours does KuCoin withdrawal take? ›
We will process your withdrawal in 30-60 minutes. It depends on the blockchain as to when the assets will finally be transferred to your wallet. To enhance the security of your assets, if your withdrawal amount is larger than a certain amount, we have to manually process your transaction in 4-8 hours.
What are the cons of KuCoin? ›
There are a couple of risks here. First, if the U.S. cracks down on people accessing unlicensed exchanges, your assets might get frozen. Second, KuCoin doesn't offer the same support to unverified accounts in the case of hacking, fraud, or theft. So proceed with caution if you're a U.S.-based user.
Is it safe to keep crypto on KuCoin? ›
The platform offers standard security measures, including identity verification, trading passwords and anti-phishing phrases. However, U.S. users need to be aware that, due to their inability to complete KYC verification, their accounts may not be as secure as international accounts.
Does KuCoin allow short selling? ›
Kucoin is a popular cryptocurrency trading platform that offers short-selling features for traders. The platform supports many cryptocurrencies, including BTC, ETH, USDT, and more. Kucoin also provides margin trading, where traders can borrow funds to short cryptocurrencies.
What is the fastest way to make money on KuCoin? ›
Lending is the most popular way to earn passive income on the KuCoin platform. KuCoin lending currently supports around 90 digital assets for lending, even those that aren't commonly found on other crypto lending platforms.
How does selling short work on KuCoin? ›
To short crypto on Kucoin, traders must deposit funds into their account and select the token they wish to short. Traders can then choose the amount to be shorted and select the Sell/Short button on the trading interface. Kucoin will prompt traders to confirm the trade before opening the short position.