Before getting to know the steps to buy KuCoin Token, let’s understand its details first.
KuCoin Token (KCS) is the native token of the KuCoin exchange which offers more than just trading benefits. Launched in 2017, it was designed as a profit-sharing token, allowing holders to benefit from the exchange’s growth. Originally an ERC-20 token on the Ethereum network, KCS is set to evolve with the KuCoin ecosystem.
The total supply was initially 200 million, but a buyback and burn process will reduce it to 100 million. As KuCoin expands into decentralised finance, KCS will play a crucial role, providing governance and acting as fuel for future products.
How To Buy KuCoin Token In 4 Easy Steps?
Here’s how you can buy KuCoin Token in four easy steps:
Step 1: Choose a Crypto Exchange Platform
To begin buying KuCoin Token, you need to select a cryptocurrency exchange that offers it. Opt for a secure and reputable exchange to safeguard your investment. ByBit, KuCoin, and MEXC Global are some of the trusted centralised exchanges where you can find KuCoin Token.
These platforms are well-known for their reliability and offer various features that cater to different trading needs. When making your choice, consider factors like whether the exchange supports your region and aligns with your trading preferences. This initial step ensures a smooth and secure trading experience with KuCoin Token.
Step 2: Register on any of the Platform
After choosing an exchange that offers KCS tokens, the next step is to register on the platform. To create your account, you’ll need to provide personal details such as your name, email address, phone number, and permanent address.
The exchange will ask for valid ID proof to verify your identity and complete the Know Your Customer (KYC) process. The ID requirements might differ based on your region, so have your documents ready. Completing this step ensures you can trade securely and meet all necessary regulations on the platform.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Once your account on the exchange is verified, you can start buying KCS. Begin by depositing funds into your account using a payment method that works best for you.
KuCoin Token is not directly purchasable with fiat currency, so you might need to buy an altcoin like Tether (USDT) or Bitcoin (BTC) first. Common options to buy these altcoins include digital wallet transfers, credit or debit cards, bank transfers, peer-to-peer (P2P) transactions, or third-party payment services.
After purchasing USDT or BTC with your local currency, you can trade it for KuCoin Token in the spot trading section of the exchange. This approach lets you buy KCS using the payment method that’s most convenient for you.
Step 4: Store the Cryptocurrency in a Wallet
After purchasing KuCoin Token (KCS), the next crucial step is to store it securely in a wallet. To keep your tokens safe, transfer them from your exchange account to a trusted wallet. Start by navigating to the withdrawal section on the exchange where KCS is listed. Enter your wallet’s public address and choose a wallet that supports KuCoin Token.
Wallets like Infinity Wallet, MetaMask Wallet, Guarda Wallet, Sapien Wallet, Noone Wallet, Trezor Wallet, and Ledger Wallet are excellent options. Enter the amount of KCS you want to move, confirm the details, and complete the transaction by hitting withdraw.
This step safeguards your KuCoin Token from potential security risks associated with leaving it on an exchange.
Also read: How to Stake Edgeware (EDG)
Popular video guides on buying KuCoin Token (KCS)
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Where to buy KuCoin Token (KCS)
KuCoin is a prominent cryptocurrency exchange dedicated to ensuring seamless global transfer of digital assets. Known for its user-friendly interface and robust security measures, the platform supports a wide range of features including futures trading, a P2P exchange, and the ability to buy cryptocurrencies with credit or debit cards. As a "people's exchange," it has facilitated over 1.2 trillion dollars in trading volume and serves a global community of over 30 million users. Its technology-driven platform is centred around the KuCoin Token (KCS), which enhances its ecosystem and community engagement.
Factsheet
|
Operational Since: |
2017 |
|
Deposit Methods: |
P2P Trading, Debit/Credit Card, Third Party Payment, Bank Transfer |
|
Deposit Fees: |
Free |
|
Cryptos Listed: |
700+ |
|
Trading Fees: |
0.005-0.01% depending on your tier level |
|
Fiat Currencies Supported: |
28+ |
|
Trustworthiness: |
Safe and Reliable |
MEXC, established in 2018, is a high-performance cryptocurrency exchange renowned for its advanced transaction-matching technology. Serving over 10 million users across 170 countries, this exchange is a leader in efficiency and innovation. The exchange's trading engine, developed by banking industry experts, can process 1.4 million transactions per second, ensuring superior performance. MEXC prioritises user security with independently hosted servers across multiple countries, and it provides localised support in various languages to accommodate its diverse user base.
Factsheet
|
Operational Since: |
2018 |
|
Deposit Methods: |
Credit/Debit Card, Global Bank Transfer, P2P Trading, MEXC Mastercard |
|
Deposit Fees: |
Free |
|
Cryptos Listed: |
1500+ |
|
Trading Fees: |
0.00% for the maker, 0.01% for the taker |
|
Fiat Currencies Supported: |
50+ |
|
Trustworthiness: |
Safe and Reliable |
ByBit, the world’s second-largest cryptocurrency exchange by trading volume, was founded in March 2018. It caters to over 40 million users and institutions, offering a diverse array of assets and trading products including Spot, Futures, and Options, as well as an NFT Marketplace and Bybit Earn. It is known for its ultra-fast matching engine and 24/7 customer support, providing a professional trading environment. The platform is also associated with Formula One’s reigning champions, the Oracle Red Bull Racing team, highlighting its prominence and reliability in the crypto space.
Factsheet
|
Operational Since: |
2018 |
|
Deposit Methods: |
Credit/Debit Card Payment, P2P trading, Third party payment and fiat deposits. |
|
Deposit Fees: |
No charge |
|
Cryptos Listed: |
100+ coins |
|
Trading Fees: |
0.04% for Makers and 0.01% for Takers |
|
Fiat Currencies Supported: |
60+ fiat currencies |
|
Trustworthiness: |
Safe and reliable |
Frequently Asked Questions
Where Can You Buy KuCoin Token With A Credit Or Debit Card?
As KuCoin Token is not listed for purchase in terms of fiat currencies, therefore you can’t purchase it directly with a credit or debit card. However, you can buy altcoins such as Tether (USDT) or Bitcoin (BTC) from exchanges like MEXC Global, ByBit or KuCoin using your credit and debit cards. Then, swap your BTC or USDT for KuCoin Token (KCS) using the spot trading pair section of the exchange.
What Will You Need To Buy KuCoin Token?
To buy KuCoin Token (KCS), you’ll need a few things in place. First, ensure you have a registered account on an exchange that lists KCS, such as KuCoin, ByBit, or MEXC. You’ll need to complete KYC (Know Your Customer) verification, which involves submitting a valid ID like a passport, PAN card, or driving licence.
Prepare a payment method, such as a credit or debit card or a bank transfer, to buy an altcoin like Tether (USDT) or Bitcoin (BTC). Finally, make sure you have a crypto wallet that supports KCS to store your tokens safely.
What Is The Easiest Way To Buy KuCoin Token?
The easiest way to buy KuCoin Token is to purchase an altcoin like Tether and Bitcoin from exchanges like KuCoin, MEXC or ByBit using your fiat currency. Once you have the altcoin, you can search for the spot trading pair of KCS/USDT or KCS/BTC on the given exchange and swap your altcoins for KuCoin Tokens.
Best Wallets To Store Your KuCoin Token
The best wallets to store your KuCoin tokens are:
- Infinity Wallet
- MetaMask Wallet
- Guarda Wallet
- Sapien Wallet
- Noone Wallet
- Trezor Wallet
- Ledger Wallet
Please note: Always ensure your wallet is compatible with KuCoin Token before transferring your crypto.
