What is Kucoin? Kucoin is an exchange cryptocurrency. They are included in one of the new exchanges, the name Kucoin is already familiar in the Crypto world. Kucoin also has their own coin called Kucoin Shares (KCS) as is the case with Binance (BNB).
In October 2017, the new KCS entered the Crypto world, and their coin prices rose rapidly in January 2018, which can match one of the best exchanges, Binance. The price of KCS in the end of October 2017 was only $ 0.90 per coin, and soared rapidly to touch the figure of $ 20 in early January 2018. Because of this, Kucoin can be called an exchange that can defeat Binance.
The difference between Kucoin and Indodax is coin-coin targets that are listed and also Kucoin does not serve buying and selling with Fiat ($ or Rupiah). They only provide buying and selling services for fellow Cryptocurrency.
The coin-coin target that Kucoin will list is coin-coin which has just finished the Initial Coin Offering (ICO). They are famous for likes to do competitions that give big gifts for coin-coins that they just listed. It is this competition that provides coin-coin volume and prices increase dramatically.
How to register at Kucoin
1.Go to the Kucoin website
The official website Kucoin is: https://www.kucoin.com/
=> Be careful with fake websites circulating. Always check the link you clicked on.
2.Register for a Kucoin account
Please click sign up and you will enter the screen as shown below.
Please register by entering the email and password you want. After that you re-enter your email and verify the confirmation by clicking the link sent by Kucoin to your email.
3.Register Authenticator Code
After logging in, log in to the account and click Google 2 Step as shown below.
It is recommended to always register for Google 2 Step Authenticator for all the exchanges you use. This is done in order to reduce the threats of hack that can occur to your account.
After you follow the 3 ways above, you can start depositing the Cryptocurrency you want. Below will explain how to deposit and withdrawal correctly.
Deposit and Withdrawals at Kucoin
1.Deposits
Click assets, then click deposit and choose what coin you want to deposit. Below will be exemplified to deposit from ETH. Click ETH, see the address that appears on your screen.
Each account has a different address. You must make sure you send the correct coin with the correct address destination. Never send BTC coins or other coins to ETH addresses, and vice versa, never send ETH to BTC Address.
After you enter the ETH deposit address, wait a while until the coin enters the exchange.
2.Withdrawal
The Withdrawal method is not much different from the way of Deposit. Please click assets and then choose withdrawal. After that a page will appear as below.
Choose the coin you want to send. After that, enter your destination address and just waiting a few minutes, the results of your coin trading will go into your destination wallet.