Categoria More: EXCHANGE GARI

KuCoin

Although KuCoin is a newcomer in the crypto exchange market, having been launched last year, it is already garnering a strong following of loyal users. KuCoin currently sees daily trading volumes of just over $11 million and offers over three hundred trading pairs.

KuCoin is a great exchange platform to trade in especially if you are a new bee in crypto trading as the site is not only easy to use but is also not cluttered with trading jargon and complex features that most people don’t even know how to use. KuCoin is the site for that trader who just wants to move coins around without much in the way of research.

It is important to note that KuCoin does not offer fiat trading; therefore, you are required to buy token elsewhere before you trade.

Opening An Account

KuCoin  is arguably the simplest exchange to not only trade on but also to sign up in. the sign-up procedures are short and simple, and the KYC (know your customer) validation is completely optional.

Sign up – to sign up you first click on the ‘Sign Up’ icon on the right corner of the screen. This will redirect you to the registration page where you will register using your email address.

Verification of account – after registering, you will receive an email with a link to follow in order to verify your email address. After this you are done with the registration process, it is that easy.

Securing account – the next step after registering your account is securing it. KuCoin gives you the option to further secure your account through the 2FA (two-factor authentication) feature.

For this, you will sign in to your account and click on the ‘Account’ icon in the taskbar. Next, click on the ‘Account Security’ in the drop-down options. This will open a window where links are provided for you to install the Google Authenticator, this provides different codes which you will use each time you log on to your account to verify it’s you.

After installing the authenticator app you will then bind it to your account by either scanning the QR code or typing in the key. Although this may sound like a hassle, it is advised that you not jump this step as the security it provides for your account is worth the hassle.

KYC validation – after you are done with the 2-step authentication, click on the ‘KYC Verification’ tab that is under the ‘Account’ icon on the taskbar. Next, answer the questions and provide the necessary documents listed on the next page.

Making A Deposit On KuCoin

Use the following steps to make a deposit in your KuCoin  account:

➢ Click on the ‘Assets’ icon on the taskbar and then on ‘Deposits’
➢ Next, select the digital coin you want to make a deposit in on the drop-down list. KuCoin will then delegate a wallet where you will make the deposit. Ensure that you confirm the type of digital coin you are sending to the wallet as sending the wrong coin to the wrong wallet will cost you.
➢ Open the wallet from which you want to make a withdrawal. You can then transfer any amount to your KuCoin wallet and wait for confirmation.

Trading on KuCoin

Making an order – click on the ‘Markets’ icon on the menu. Next, select the pair you want to trade in and click on it.

After this, the chart screen will load and you will be prompted to provide your 2-step verification code before trading. Key in the amount you want as well as the price and then click on the action i.e. either buy or sell.

Kraken

Kraken has been around since 2011 and is among the oldest and largest exchanges. The exchange was the first to list and trade Ether. The exchange supports various fiat currencies. Here’s a guide on how to use Kraken exchange.

1. Open An Account

You can only use Kraken exchange if you are registered. However, you can choose to open a basic or advanced account. You need to provide your email and password, and agree to the terms and conditions. Go to your email and confirm. You will then be required to fill your official name, DOB, address, and phone number. For those opening advanced accounts, it is important to upload their IDs, create 2-Factor Authentication (2FA), and provide a bank account.

2. Fund Your Account

Kraken accepts deposits in fiat currency or Cryptocurrencies such as Bitcoin, Ether, Tether, Bitcoin Cash, Litecoin, and Ripple. Deposits in fiat currency can only be done through wires and bank transfers. To top up your account, go to the Menu tab and select ‘Funding” to choose your favorite deposit method. You can select bank transfer or Cryptocurrency wallet for Crypto deposits.

3. How To Trade On Kraken

Now that your account is loaded, you can go on and trade. To buy or sell Cryptocurrencies, go to “New Order” tab. What you buy or sell depends on the currency pair you choose.

• When you select currency pair a/b and click “buy”, currency a will be bought and b sold.

• When you select currency pair b/a and click “sell”, currency a will be sold and b bought.

When you want to trade, it’s advisable to look for the best price to get maximum profits. Kraken provides users with a platform that they can use to decide when to buy or sell their digital assets. You can know how the other people are trading by going to the order book. The bid is the place for buyers while ask is the place for sellers. Highest bid and lowest ask are the orders that are executed the fastest.

Trading Fees

At Kraken, trading volumes below 50,000 of any currency incur a taker fee of 0.026 percent and a marker fee of 0.16 percent. This fee is the one paid by a majority of traders on this exchange. For trading volumes above this 50,000, the taker fee drops to 0.24 percent and maker fee to 0.14 percent. Fees on this exchange drop with an increase in volume. For instance, any activity over a volume of 10,000,000 attracts a taker fee of 0.10 percent and a marker fee of zero.

Trading Limits

Tiers determine the trading limits at Kraken exchange. Tier 0 is the most basic and Tier 4 is the most advanced. Tier 1 users can withdraw no more than $2,500 per day or $20,000 per month. Tier 2 users can deposit in fiat currency a maximum of $2,000 per day or $10,000 per month and withdraw up to $5,000 per day or $50,000 per month.

The maximum limits for fiat deposit and withdrawal are $25,000 daily or $200,000 monthly. Cryptocurrency withdrawals are capped at $50,000 per day and $200,000 per month. Tier 4 users enjoy the highest funding limits on this exchange. The can either individuals or corporations.