How to Sell Digital Assets on KuCoin P2P Fiat Trade?（App Version) | KuCoin (2024)

FAQs

How do I sell for fiat on KuCoin? ›

However, KuCoin does not convert assets into fiat currency, so you can only send and receive cryptocurrency assets. Make sure the receiving wallet supports the specific cryptocurrency you want to withdraw. The withdrawal process involves logging in, selecting a token, confirming with 2FA, and completing the withdrawal.

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.

Known as the "People's Exchange", the KuCoin P2P fiat trading system provides users the safest, most robust and affordable way to purchase crypto assets with fiat currencies.

KuCoin P2P Fiat Trade provides services to users to achieve Fiat-Crypto conversion.

Can I use P2P on KuCoin without KYC? ›

Verify Your Identity

Although you can technically use KuCoin even without verifying your identity, a withdrawal limit will be imposed on you until you undergo the verification process. That's why, if you want to use KuCoin fully, you're going to have to complete the KYC.

KuCoin Will Support the Fiat Deposit and Spot Trading Pairs for EUR & GBP! KuCoin. You need to enable JavaScript to run this app.

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. We hope this article has been helpful.

You may find multiple ways of selling USDT. However, the fastest way to do this is via a cryptocurrency exchange. CEX.IO is a secure and reputable platform available 24/7/365, so you may do any procedure when you need it. The platform offers multiple trading options, crypto staking, savings account, loans, etc.

1 P2P = 0.02463 USD.

Can US citizens withdraw from KuCoin? Yes. However, KuCoin does not have a licensee to operate in the USA, so the company doesn't offer KYC verification for US customers. Therefore, the withdrawal amount is limited to 1 BTC per day, which is the limit for all unverified KuCoin accounts, no matter the country.

Yes. Earning cryptocurrency from mining, staking, or other related transactions is a form of income that needs to be reported on your taxes.

Is converting crypto to fiat taxable? ›

Trading cryptocurrency for fiat on Coinbase or another platform is considered a taxable event. How do I withdraw crypto without paying taxes? There's no way to legally evade taxes when you convert crypto to fiat currency. This is considered a disposal event subject to capital gains tax.

MORE LIKE THISInvestingCryptocurrency. Fiat currency (or fiat money) is government-controlled money such as the U.S. dollar and other national currencies. Generally, fiat money derives its value from the decisions of central banks, rather than through reserves of assets such as gold.

Likewise, KuCoin does not charge deposit fees for crypto. Because the platform does not support fiat deposits, they will charge a fee of 3% to 12%, depending on your chosen payment method, to fund with fiat and convert your funds.

Kucoin does not charge you anything when depositing fiat onto Kucoin. The same that is true for cryptocurrency deposits is also true for fiat deposits. It is free to get your money on the exchange, but not free to use it on the exchange.

KuCoin charges only a “flat fee” of 0.1% for each spot trade, significantly lower than the industry average.

Live Tether (USDT) Summary

The current price of Tether is 0.99999 $.

Essentially, it involves buying an asset on one platform, for example Pexpay SPOT, at a low price and then selling it on another platform, Pexpay P2P, for a higher price. As long as there are different prices available for each platform, this process should generate a profit.

What are the risks of P2P trading? ›

Another risk is the potential for fraudulent activity. P2P trading relies on trust between buyers and sellers, and scammers can exploit this trust by posing as legitimate traders or using fake accounts to lure victims into sending them money or crypto.

Kucoin is not licensed to operate in the US and as such, the KYC verification is not available for US residents. For Americans who want want to access a secure and regulated exchange without limitations, we recommend signing up to eToro and Uphold.

KuCoin. KuCoin is a Hong Kong-based exchange that allows users to buy, sell, and trade cryptocurrencies. At this time, KuCoin allows users to get started with the platform with no KYC. However, there is a withdrawal limit of 1 BTC for unverified accounts.

CoinSwitch is one of the top cryptocurrency exchanges that require no KYC verification since it allows you to trade crypto at the best rates. They allow you to trade 400+ cryptos, cryptocurrencies, and tokens without having to create an account on any exchange. Additionally, there is no withdrawal limit on CoinSwitch.

3.1 Go to 'Assets' >> 'Deposit' >> 'Fiat currency', and select RUB to deposit. 3.2 Tap 'Advcash' deposit method, then enter the amount of the RUB you want to deposit. Tap 'Deposit'.

KuCoin is a digital asset-only trading platform that doesn't support fiat withdrawals as of writing this guide. Users can withdraw a maximum of 1 BTC daily with an undefined or KYC1 KuCoin account, which is raised to 300 BTC with a KYC2 account.

Transaction Limitations

Regarding the upper trading limit, users' fiat-to-crypto daily trades are capped based on their verification level. Basic verified individuals have a daily trading limit of 1,400 USDT, while advanced verified individuals can trade up to 70,000 USDT per day.

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.) in the past 24 hours. Token selling and withdrawal will be suspended for 24 hours after the operation.

If you want the cheapest withdrawal fees for cryptocurrencies, then you have to use fast and cheap blockchains like Solana (SOL) or Cosmos (ATOM). These are both the quickest and cheapest ways to withdraw cryptocurrencies. The cheapest way to withdraw fiat currencies on Kucoin is through Advcash.

How do I use KuCoin in the US? ›

1. On the KuCoin homepage, click on Assets – Overview, and you will find Convert to KCS in your Trading Account. 2. Choose the coins you want to convert, and click on the Convert to KCS button to proceed.

Click Withdraw and select a coin. Fill in the wallet address and choose a corresponding network. Input the amount you wish to withdraw, then click confirm to proceed. Selling crypto on Kucoin is a quick and easy way to convert your digital assets into cash.

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.

Peer-to-peer (P2P) trading is a way of buying and selling cryptocurrencies where traders buy and sell directly with each other on a cryptocurrency exchange app or website. The cryptocurrency exchange provides an online platform to connect buyers to sellers and sellers to buyers.

Please rest assured that functionality such as deposits, withdrawal, and trading will remain accessible in accordance with non-KYC verified account rules.

You can use the Express or the P2P zone to trade with other users. Tap [Sell] and select the crypto you want to sell. You will see the available offers on the market. Tap [Sell] next to the preferred offer.

Can People Transfer Cryptocurrency on a P2P Network? Yes, people can transfer cryptocurrency on a P2P network. A P2P network is a network formed between peers (such as people) and allows for sharing of resources among them.

Does KuCoin let you withdraw to bank? ›

How To Withdraw From Kucoin To Bank? 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.

Become a KuCoin VIP User

As an example, those that pass the 2.000 BTC mark in volume, or hold over 40,000 KCS tokens, can access VIP level 5. This level reduces maker trading fees to 0%. The calculation is quite simple: the larger the VIP level, the bigger the discount on the fees!

Kucoin is not licensed to operate in the US and as such, the KYC verification is not available for US residents. For Americans who want want to access a secure and regulated exchange without limitations, we recommend signing up to eToro and Uphold.