In this dynamic cryptocurrency landscape, finding a reliable and feature-rich crypto exchange is of supreme importance for traders looking to make the most of the opportunities in the digital asset market. So, KuCoin, established in September 2017, is a prominent platform offering a wide range of global cryptocurrency exchange services with more than 30 million registered users. Most crypto trading exchanges’ registration process is lengthy and complex. In comparison, a KuCoin account is quite simple to create.
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Moreover, this exchange platform gained popularity due to its user-friendly interface, a vast list of cryptocurrencies, and robust security measures to protect user funds.
Steps to Create a KuCoin Account
The following basic steps must be fulfilled to create an account on KuCoin.
1. Download the Application
First and foremost, the KuCoin app is available both for Android and iOS; one can easily download it from respective app stores or directly download it from the official website of KuCoin.
2. Begin Registration via Email or Phone Number
Once you download the app, upon opening the app, the first step of the registration process starts; here, you need to choose the sign-up option at the top right of the screen. The registration process begins here, and you will be asked to provide an e-mail/phone number. Provide your chosen option, select terms of use option and click on “Continue“.
3. Enter Verification Code
Like any other platform, KuCoin sends a 6-digit verification code to your email or cell number to ensure security. You need to provide the verification code provided to you via your selected option, then click “Verify Now” to proceed to the next step.
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4. Set a Strong Password
This is a crucial registration step in a crypto trading platform. A study suggests that over 20% of Bitcoin is lost primarily due to forgetting the passwords of wallets. After submitting the verification code, you will be asked to set a password containing at least eight characters, including letters (abc) and numbers (123). Always put a strong password, keep it in a safe place for remembrance, then “Click Next”.
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5. Identity Verification
This step is called KYC (Know Your Client/Customer). It is an extra layer of security that confirms the client’s authenticity. Here, you must provide and verify your identity by selecting your country and giving identification documents such as an ID card, driving license, or passport. Select one document, provide details accordingly, and click “Continue”.
6. Enter Personal Information
Carefully enter your original credentials here. Take care while making entries; the registration process can be canceled if any mistake is made here. After carefully entering the information, click “Continue”.
7. Additional Verifications
Once you complete all the above steps, you will asked for further verification steps depending upon the region and regulatory requirements. Generally, you will be asked to provide the front and back sides of your selected document (ID card, driving license, etc). Secondly, you will be asked for a face verification, where a screen will open while accessing your front camera, and you need to perform certain gestures or moves as asked. After completing this step, your KuCoin account is ready; you can log in using your email or cell number.
Prominent Advantages of KuCoin Account
Below is the list of some prominent features of KuCoin that make it one of the world’s most liable cryptocurrency exchange platforms.
a. Wide Range of Cryptocurrencies
You can get information about more than 9000 cryptos, out of which almost 900 crypto coins are officially traded in the KuCoin exchange. Furthermore, based on trade volume, search volume, whale movement, etc., and as of April 2023, the top cryptocurrencies on this platform are Bitcoin (BTC), Ethereum (ETH), ONDO, Ethena (ENA), etc.
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b. Strong Security Measures
A KuCoin account provides strong security by adhering to strict security measures to keep the accounts safe. The KuCoin exchange employs multilayer authentication, advanced encryption techniques, and a robust risk control system to protect users from unauthorized access and safeguard their assets and funds.
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c. Low Trading Fee
KuCoin account offers competitive trading fees to their users, which is possibly the lowest fee in the crypto exchange industry. For spot trades, KuCoin charges both makers and takers a flat fee of 0.1% per trade. This fee remains constant regardless of transaction volume or transaction size. For margin trading, KuCoin’s fee structure may be slightly different. Margin trading fees are typically somewhat higher than spot trading but are still competitive compared to other margin trading platforms.
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d. Supporting Small Market Cap Cryptos
KuCoin provides a suitable environment to support small-cap cryptocurrencies through listing support, token sales, community participation, staking and voting, trading and liquidity provision, research, and due diligence. By actively participating and investing in KuCoin’s small-cap project, investors can potentially benefit from early opportunities in the crypto market while contributing to its growth and success.
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e. Diverse Asset Selection
It has a wide range of cryptocurrencies available for trading, like Bitcoin ( BTC), Ethereum (ETH), and Ripple (XRP), as well as a vast array of altcoins and tokens. This diversity offers users opportunities to diversify their investment portfolios, explore new projects, and participate in different segments of the cryptocurrency ecosystem, ultimately contributing to the growth and vibrancy of the platform.
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f. User- Friendly Interface
The user interface of KuCoin is designed to keep traders and investors in mind. It provides a smooth and easy-to-use experience from the moment you register to the moment you trade. The platform’s navigation is straightforward and intuitive, with easy-to-read menus and areas directing you to important features like trading markets, account details, and deposit/withdrawal options. KuCoin’s responsive design allows users to access the platform from any device, including desktops, laptops, smartphones, and tablets.
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g. KuCoin Shares (KCS)
The native cryptocurrency tokens of the KuCoin exchange platform are called KuCoin Shares (KCS), intended to encourage community involvement, platform expansion, and user participation. Within the KuCoin ecosystem, holders of KCS tokens can use several advantages, such as reduced trading costs, bonus distributions, access to KuCoin Spotlight token sales, staking rewards, and governance privileges. Furthermore, KCS holders regularly receive bonuses from the platform’s several revenue streams, giving them extra money and motivation to keep holding KCS.
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Bottom Line
In a nutshell, KuCoin became one of the best platforms for cryptocurrency exchange worldwide, offering a vast array of services and features, ranging from low trade fees to diverse asset selection to a user-friendly interface to help customers meet their needs. Moreover, it is easy to open a KuCoin account. For more convenience, the stepwise account opening procedure is mentioned above.
