How to deposit money on KuCoin without losing money

Depositing money on Kucoin is simple but requires maximum carefulness so that nothing goes wrong. You must have known that a small mistake in your deposit could lead to asset loss.

Therefore, carefully read this article to learn how you can deposit money directly into your Kucoin account without losing your assets. Interestingly, before depositing money on KuCoin, you need to add a payment method first.

Recall that KuCoin is one of the most reliable and trusted crypto exchange platforms currently topping in the space. You need a verified account to be able to trade or invest in Kucoin.

How to Add Payment Method on Kucoin

Adding a payment method to any exchange first before depositing money makes it easier to transact. This is not only about the deposition but also helps in the easy withdrawal of assets or funds.

Follow the steps below to add a payment method to your Kucoin account;

Login to Kucoin via the app or web

Launch the KuCoin app or web and click on the login button.

Go to profile

Head over to the profile icon, click on it and allow the page to load

Go to Security

Click on the Settings link and load the page

Add payment method

Find “Add payment method” and click on it

Account Details

Provide your account details and make sure the account in question bears your name and correct information

Submit the form

Hit the submit button and allow the details to be submitted to the server

Please note:

1. Understand that you can only do this when you have completed KYC verification
2. You can deposit from the payment method once it reflects on your account

Steps to deposit money on Kucoin

Launch your KuCoin app or web

Once the app loads, click on the login button to log in to your account

Navigate to Assets

Click on the assets button at the bottom-right of the app and select “Deposit Fiat to Buy Crypto”

Choose Currency

If the currency you choose is unavailable on the listed currencies, use the search button to find the currency you want.

Choose Payment Method

Select the payment method, you can use the one already added or add another one but make sure it has your details.

Verify the payment method

Verify the payment method added and submit the request.

Note:

1. Make sure you do not interrupt your connection so that you don’t lose your money, you can contact the customer if anything goes wrong
2. Need help or instant updates? Join Finbutton now on Twitter | Facebook | Telegram | WhatsApp

Note: Make sure you already set up your Kucoin account and completed the KYC process

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Precautions to take while depositing on Kucoin

First of all, every crypto exchange requires maximum carefulness with managing personal accounts and transacting on them.

First of all, you must make sure that any account you are transferring money from to fund your Kucoin account bears the same name as your Kucoin account. This is important because if you go against it, the transaction will not go through and the money will be transferred back to the account where you deposited from.

Also, bear in mind that Kucoin charges certain deposit fees depending on the Blockchain. Furthermore, you can deposit a minimum of $1 in your account to trade.

Finally, deposit methods for Kucoin is broad and you can add money through your Debit/credit card.

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