How to Sell on KuCoin (2024)

FAQs

How do I sell immediately 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.)

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.

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).

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.

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.

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.

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.

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.

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 report to IRS? ›

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

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 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.

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.

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.

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.

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.

China-based cryptocurrency exchange platform KuCoin hits $10B valuation.

Johnny Lyu (Mar 17, 2020–)

KuCoin / CEO

How do I verify my KuCoin in the US? ›

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.

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.

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.

Unfortunately, you cannot use Kucoin in New York or other US states.

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.

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.

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.

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.

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%.

Is KuCoin better than Coinbase? ›

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.

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.

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.

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.

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.

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.

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.

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).

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.

How much cash can I withdrawal from KuCoin? ›

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.

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.

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.

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.

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.

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.

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.