A Beginner’s Guide to Buying and Selling KuCoin Cryptocurrency in the USA
If you’re based in the USA and wish to buy KuCoin – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many KuCoin tokens you want to buy.
KuCoin is one of the best altcoins you can invest in the crypto market. However, market uncertainty engulfs cryptocurrencies, and there are other factors you need to assess before determining whether KuCoin is an ideal token for you or not.
If you settle on buying KuCoin, this guide is an ideal choice for you. It will take you through all the processes you need to know about investing in KuCoin in the US. The guide has been well-detailed so that even a new trader in the market will understand the processes laid out.
Before buying KuCoin or any other cryptocurrency, you need to be cautious and emulate the trading strategies used by seasoned traders to minimize your losses. As a new trader, seeking guidance from a market expert is critical to ensure you do not lose your investment.
What’s in This Guide?
- QUICK GUIDE: HOW TO BUY KUCOIN IN THE USA
- Where To Buy KuCoin (KCS) In The USA
- A Step-by-Step Guide to Buying KuCoin Tokens in the USA
- Store in a Crypto Wallet
- How to Sell KuCoin Tokens
- Things to Consider When Buying KuCoin in the USA
QUICK GUIDE: HOW TO BUY KUCOIN IN THE USA
- Open an account with a cryptocurrency exchange
- Verify your account
- Go to the deposit section
- Go to the platform and select KuCoin
- Enter how many KuCoin tokens you want to buy
- Check the details and confirm your purchase
Where To Buy KuCoin (KCS) In The USA
Are you searching for how to buy KuCoin in the USA? Well, there are hundreds of crypto exchanges and brokers in the USA. This can make it hard to know which platform is right for you.
List of the best Exchanges to buy KuCoin (KCS) in the USA:
Looking where to buy KuCoin in the USA right now? Below you will find 4 of the best brokers that allow you to buy KCS in the USA.
- Binance - Best exchange to buy KuCoin USA for asset diversity
- Coinbase - Best exchange to buy KuCoin (KCS) for beginners
- OKEx - Best broker to buy KuCoin USA for low-cost
A Step-by-Step Guide To Buying KuCoin Tokens (KCS) In The USA
If you want to buy KuCoin tokens in Australia, follow these steps:
Step 1: Open an exchange account
When you need to purchase KuCoin in the US, the first step for you is to open an exchange account. Many crypto exchanges operate in the US, and settling for one may be a hard choice. However, there are some factors that you need to consider when selecting the exchange. These factors include security offered by the exchange, popularity and the tokens supported by the exchange.
After choosing an exchange, you need to provide details on the signup page to set up your account. The details that will be requested include your name, email address and telephone number. In some exchanges, a verification is needed that requires you to upload supporting documents such as a government-issued ID or a driver’s license.
When setting up your account, remember to choose a strong password.
Step 2: Deposit funds to the account
Now that you have your account, you need a way of buying KuCoin. You can fund your exchange account using fiat currency, which is the most common option across many exchanges. To do this, link your credit card or debit card to the exchange and then deposit the amount of funds you want to invest with.
If you already hold other cryptocurrencies in your exchange account, you can choose to exchange them with KuCoin tokens. To do this, select a crypto trading pair that will trade other coins you hold, such as Bitcoin or Ethereum with KuCoin.
Step 3: Purchase KuCoin tokens
After creating an account and funding it, the third step involves purchase KuCoin tokens. To buy, go to the purchase section in your account and enter the amount you would like to spend on your purchase. Confirm that your order details are correct, and you will receive a notification in your email with the details of your transaction.
When you are buying the tokens, you need to choose between the different types of orders available. There are two common types of orders that you can create, which include a market order and a limit order. The market order is the most common type that allows you to buy KuCoin at the ongoing market prices.
The other type is the limit order. This order will allow you to set a lower limit price where you can purchase the tokens. When the price of KuCoin depreciates and reaches that lower level, your order will be fulfilled automatically.
Store KuCoin (KCS) In A Crypto Wallet
It is not advisable to store cryptocurrencies in the exchange because they will not be secure from online tampering. To keep your KuCoin tokens safe, you need to create or buy a crypto wallet where you can securely hold your tokens.
One type of wallet is the online wallet. These wallets will help you store your KuCoin tokens on online platforms such as mobile apps or desktops. The online wallet is commonly used by retail traders who look to make quick profits through regular trading.
The other type is the hardware wallet. A hardware wallet will keep your tokens on offline platforms such as USB devices. The hardware wallet is commonly used by institutional investors or retail traders who want to hold their tokens for a long time without selling.
How To Sell KuCoin Tokens (KCS)
If you want to sell KuCoin, go to your exchange account, but this time to the sell section. There, create a sale order for the number of tokens you want to sell at the specified rates.
You can sell KuCoin tokens for fiat currency, which you can withdraw from the exchange. You can also choose to exchange your tokens with other cryptocurrencies that may be performing better in the market. When choosing the exchange you want to create an account with, you also need to assess its options to sell your tokens.
Things To Consider When Buying KuCoin (KCS) In The USA
When buying KuCoin in the USA, you need to consider the factors below:
When buying KuCoin, you need to evaluate the supply of KuCoin tokens in the market. The supply will help you determine if the token is liquid enough to facilitate exchange. Besides, you can also analyze supply and demand levels to help you gauge how the token is performing.
The other thing to consider is the performance of KuCoin over time. Look at the historical price charts of KuCoin to help you know if the token is a great buy for the short term or the long term.
The third factor to consider is the volatility of KuCoin. However, it is hard to know how volatile a token is because prices keep fluctuating with time. Volatility equates to the risk you are taking in investing in cryptocurrencies.
KuCoin is a rising altcoin whose popularity is increasing by the day. The guide above will take you through the process you need to follow when buying KuCoin in the US. Nevertheless, it is important to understand that crypto investments are highly risky, which means that you need to invest with caution and seek expert guidance.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.