Kucoin allows users to earn interest on their cryptocurrency holdings. By staking assets or lending them to others and charging interest, users would be able to earn money. Instead of the coins languishing in your portfolio, earning rewards on crypto would help you develop a bigger portfolio.
They also provide a large number of coins (500+) and inexpensive costs (0.1%) when compared to other cryptocurrency exchanges. They stand out in terms of support for staking, leverage, futures, bot trading, and peer-to-peer trading, which attracts to more advanced customers.
Kucoin accepts payments through bank transfer, PayPal, and peer-to-peer (P2P) networks (peer-to-peer). While KuCoin does not charge any fees for deposits, they do charge fees for withdrawals.
This is how you may send money from KuCoin to MetaMask.
Getting your KuCoin account
Source: Kucoin
Step 1: Go to https://www.kucoin.com/ and register by clicking “Sign Up” in the upper right corner of the page.
Step 2: Register by phone or email and go through the security procedures.
(Check to see whether your confirmation email hasn’t ended up in your spam folder.)
Step 3: Go to your KuCoin account and log in.
Depositing money to your KuCoin exchange
We’ll use Avalanche, one of the most common Layer 1 chains, in today’s example.
Step 1: Go to https://www.kucoin.com/assets or click Assets Deposit in the upper right corner of the KuCoin website to deposit AVAX into your KuCoin wallet.
Step 2: Copy the Avalanche wallet address and choose AVAX (or the coin you wish to deposit) (highlighted).
On the KuCoin exchange, you may now transfer AVAX from one wallet to the Avalanche wallet of your choice.
Take care to verify that the address you provide for AVAX tokens is consistent with the address on the X-Chain or C-Chain.
The x-chain differs from the c-chain in that it cannot be used with MetaMask or other similar wallets, and it cannot be used with DeFi.
Token transfer from KuCoin to MetaMask
Step 1: Go to https://www.kucoin.com/assets/withdraw or choose Assets “Withdraw” from the Assets menu.
Step 2: Choose AVAX and continue filling out the required information:
- Metamask’s Avalanche Mainnet C-Chain Network is the wallet address.
- AVAX is a network (C-Chain).
- The amount of AVAX tokens you want to convert.
Step 3: Choose “Confirm.” The transaction will now be confirmed by the system.
Step 4: Confirm your withdrawal by verifying KuCoin’s security measures.
Step 5: After the transaction, go to Deposit Withdrawal History Withdrawal History to examine your history.
Visit https://cchain.explorer.avax.network/ as well to double-check the quantity of tokens given or received.
Conclusion
KuCoin is one of the most often used controlled cryptocurrency exchanges. This exchange appeals to traders of all levels, from novices to those who use financial instruments, due to the broad range of capabilities it provides and the large number of currencies accessible.
Keep an eye on the latest developments on this exchange, since KuCoin is not excluded from the Payment Services Act (for Singaporeans). The exchange is also not permitted to operate in the United States.
