A Beginner’s Guide to Buying and Selling KuCoin Cryptocurrency in Ireland
If you’re based in Ireland 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.
Investing in the crypto market can be hard for a beginner, especially when you do not know the right coins you should invest in. The cryptocurrency market is highly volatile, making it hard for people to know the right coins that they need to go with. However, to make good investment decisions, it is recommended that you diversify your portfolio to include more coins. One of the tokens to buy to expand your investment is KuCoin.
What’s in This Guide?
This guide contains the relevant information you need to know about investing in KuCoin token in Ireland. The guide can be written easily to make it simple for even a beginner trader to understand.
Before stepping into crypto investments, you need to note that cryptocurrencies are highly volatile because their values keep depreciating. If you are new to this sector, you need to consult with a professional first before making any bold moves.
How To Buy KuCoin In Ireland – Quick Guide
To help you buy KuCoin as quickly as possible, we broke the process down into a few easy steps:
- Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
- Step 3: Deposit – Fund your new eToro account with a minimum of $10.
- Step 4: Search for KuCoin on eToro – Search for KCS or KuCoin in the eToro crypto market.
- Step 5: Buy KCS – Enter the amount of the worth of KuCoin you want to purchase in United States Dollars (USD), then click Open Trade.
That’s it! By following these easy steps, you can invest in KuCoin in Ireland in less than 5 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Where Can I Buy KuCoin Token in Ireland?
To purchase KuCoin in Ireland, the most recommended place for you to check is in a cryptocurrency exchange. However, there are many exchanges in the country, and you need to select the exchange that best works for you.
When choosing the exchange, you should also evaluate the measures that it has placed to enhance security. Most importantly, that exchange should be able to support KuCoin tokens.
List of the best Exchanges to buy KuCoin (KCS) in Ireland:
Looking where to buy KuCoin in Ireland right now? Below you will find 4 of the best brokers that allow you to buy KCS in Ireland.
- eToro - Best broker to buy KuCoin (KCS) in Ireland
- Binance - Best exchange to buy KuCoin in Ireland for asset diversity
- Coinbase - Best exchange to buy KuCoin (KCS) for beginners
- OKEx - Best broker to buy KuCoin in Ireland for low-cost
A Step-by-Step Guide to Buying KuCoin in Ireland
To purchase KuCoin in Ireland, you can choose between buying with other cryptocurrencies and buying fiat currencies.
Buying KuCoin with other Cryptocurrencies
The first option you have for buying KuCoin in Ireland is by using other cryptocurrencies. For example, suppose you are already holding other tokens in the exchange account such as Bitcoin and Ethereum. In that case, you can trade them for KuCoin by selecting crypto trading pairs.
Buying KuCoin with fiat currencies
The second option that you have when buying KuCoin is using fiat currency. If you are buying KuCoin in Ireland, the fiat currency that needs to be supported by the exchange is the Euro.
To purchase KuCoin in Ireland, follow these simple steps:
Step 1: Register an exchange account
The first step you need to follow is to create an exchange account. To do so, you need to provide personal details such as your name, email address, and telephone number. In addition, the exchange might require you to upload documents such as a government-issued ID or a driver’s license as proof of identity.
One of the things you need to assess when registering the exchange account is the security measures you have put in place. These measures will include creating a strong password and creating a multi-factor authentication process.
Step 2: Fund the account
The second step involves you funding the exchange account. You can fund the exchange using a supported payments method such as linking your credit card or debit card. Afterwards, select the number of funds that you want to deposit and confirm the details. You will be notified in your email with the details of your deposit.
Step 3: Buy KuCoin token
The third and most important step is to purchase KuCoin from the exchange by creating an order. To create an order, go to the buy section and input the right amount of tokens you want to purchase.
Exchanges have different types of orders that a buyer can purchase. Still, the most prevalent ones are market orders and limit orders. A market order will be fulfilled in real-time at the ongoing market prices, while a limit order will be fulfilled when the prices fall to a certain level.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Sell KuCoin
When you want to sell KuCoin tokens, you can follow the same process as buying. First, sign in to the exchange account and then enter the number of coins you want to sell at the stipulated prices. After that, you can sell KuCoin for fiat currency or trade the token for other cryptocurrencies.
Which Wallets Can I Use To Hold KuCoin?
You can hold KuCoin on a wallet that supports the token. Many wallets support KuCoin, and each of these can be added to either of these categories. The first is the cold wallet that will store KuCoin on offline devices such as USB drives. The other type is a hot wallet that will store KuCoin on online platforms such as a mobile app or a desktop.
How KuCoin Works
KuCoin works like the other tokens on the blockchain network. It powers the decentralized network that makes transactions faster and cheaper. KuCoin derives its value from the potential of its underlying network.
Key Things To Consider When Buying KuCoin In Ireland
Some factors that you need to consider when buying KuCoin include the following:
Availability
The first factor that you need to assess when buying KuCoin is the availability of the token. Availability is assessed through supply, which creates market liquidity.
Applicability
The second factor you need to evaluate is the applicability of the token. The applicability is determined by how the underlying network of the exchange can be used to add value to the blockchain sector.
Market performance
The third factor to evaluate is the market performance of a token. The performance is determined by looking at how the token has been performing in the market in recent weeks, which helps assess the cryptocurrency’s volatility.
eToro – Best Platform To Buy Cryptos In Ireland
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
Where can I buy KuCoin in Ireland?
To buy KuCoin in Ireland, you need to register for an account on an exchange platform. Choosing an exchange to go with depends on factors like security and user-friendly features.
Can I buy KuCoin with a credit card?
You can buy KuCoin using a credit card. Simply link the details of your card to the exchange, and the amount you want to use will be deposited to the exchange.
Is KuCoin volatile?
KuCoin is just as volatile as the other cryptocurrencies in the market. Its value fluctuates rapidly, meaning that it is a risky investment. However, when the market performs well, the investments can earn significant returns.