This article explains how to deposit virtual currency at the KuCoin exchange, its fees, how to use it, and what to do if it is not reflected. KuCoin is recommended because it allows you to deposit with virtual currency, credit card, and even fiat currency, so there are relatively many ways to deposit. We have summarized the characteristics of each deposit method.
List of KuCoin deposit methods and fees
KuCoin supports the following types of deposit methods. Cryptocurrency deposits are common and take about 30 minutes to an hour to be reflected, but this depends on the network fee and transaction processing. Deposits can also be made by credit card, and VISA and MasterCard are supported. The major legal currency supported is the Euro (EUR), but this is only available on business days. Deposits can also be made through the app. Download it and exchange coins.
| Deposit fee | Supported currencies/cards | Reflection time | |
| Virtual currency deposit | Network usage fee | All currencies | 30 minutes to 1 hour |
| credit card | 3.8％ | VISA MasterCard | Immediately |
| Legal currency (bank transfer) | banking fee | EUR/BRL/RUB/KZT/TRY/UAH | Business days 1-3 days |
KuCoin deposit flow and operating procedures
Please refer to the deposit procedure and STEP as shown in the lower right screen below. To get started, log in to the official website and click Add Funds next to your profile at the top right of your My Page. In the case of overseas exchanges, there are many deposit destinations. Basically, the money will be transferred to your wallet.
Source kucoin
Next, select your preferred deposit payment method. A guide screen will appear, so you can compare and choose your favorite method.
Source kucoin
Virtual currency deposit method
Currently, when depositing virtual currency, you can select the supported coins such as USDT (Tether), BTC (Bitcoin), ETH (Ethereum), XRP (Ripple), and KCS. Set the currency and network for deposit. In the case of Ripple etc., it is required to input the destination tag. After setting, the remittance address and tag will be displayed, so copy and paste it to the virtual currency exchange you are sending money to and send the money to KuCoin. Please check with the virtual currency exchange you are sending money to for instructions on how to do so.
Source kucoin
The time it takes for deposits to be reflected in Kucoin varies depending on the currency being deposited and the amount of transactions. Kucoin has no deposit fees, but network fees are charged at the sender. Network usage fee is called gas fee and is a fee that occurs when using blockchain.
Credit card deposit method
Credit card (quick transaction) payment methods are only supported by VISA card or MasterCard. To purchase, select the legal currency you wish to receive, select the virtual currency you wish to receive, and select a card to make payment. However, if you wish to make a deposit using a credit card, you will need to verify your identity (KYC) in advance.
Source kucoin
Click “Add Card” to proceed with registering your card information. Payment is completed by entering the transaction currency and quantity in the purchase field.
Source kucoin
Fiat currency deposit method
In the case of legal currency, the deposit will be EUR/BRL/RUB/KZT/TRY/UAH. Japanese yen and US dollars are not eligible for this service. In the case of legal currency, bank transfer is often the case, but in any case, it is necessary to verify your identity (KYC) in advance. Please check the transfer method and fees as they vary depending on the currency.
Source kucoin
Points to note and precautions when depositing with KuCoin
When depositing funds with KuCoin, please be aware of the following points. Of course, you should also be aware of the same things when withdrawing funds. Make sure to deposit funds before placing a buy or sell order. Processing is also possible with a smartphone app. The company offers spot trading as well as futures, and coins that are listed on some exchanges are being applied for at any time. Please try trading on the market with bitcoin, ethereum, etc. There are many main products on the market.
Time to receive money
The time it takes to actually send money and receive it is explained above as a guideline, but it may take a little longer. Bank transfers can only be processed on weekday business days. Credit cards are processed instantly, but virtual currencies are affected by transaction processing, and the time varies depending on the currency.
Identity verification (KYC) required
KYC is required for quick credit card transactions and fiat currency deposits. There are two types of Kucoin identity verification: basic and advanced functions, and for quick transactions, authentication for the advanced functions must be completed. There are also plenty of security settings such as transaction passwords, so be sure to do so.
Network usage fee
In the case of virtual currency, there are network usage fees, so check and choose the cheapest one. KuCoin has no deposit fees, but network fees will be charged at the sender. Please check this with the exchange you are sending money from. As network fees rise, the amount of remittance fees also tends to rise.
Copy and paste for virtual currency
When transferring virtual currency, you should absolutely copy and paste. If you enter your deposit information incorrectly, there is a high possibility that you will lose the transferred funds. If there is a difference in even one character, it will fail, so please never enter it manually. KuCoin also allows you to scan using a QR code, so you can also use that.
Causes and solutions when deposits are not reflected
Now, I will introduce the types of cases where KuCoin deposits are not reflected or are not received at all. If your deposit is not reflected, please contact support. You can receive support by submitting a ticket or by chatting online.
Address entry error
In the case of virtual currency, as explained above, inputting the remittance source address must be done by copying and pasting. If you make a mistake in specifying your deposit information, there is a high probability that you will lose your virtual currency, so there is only risk. If you make a mistake, contact the exchange where you made the deposit as soon as possible.
Deposit with virtual currency that is not handled
KuCoin handles more than 600 types of virtual currencies, but you cannot deposit with virtual currencies that are not supported. Ask support in real time using online chat.
Delays due to network congestion
When depositing virtual currency, the network may be congested and there may be a delay in remittance. As the volume of transactions increases, the load on the network increases, making delays more likely. If it does not appear after waiting for more than an hour, please contact support.
Deposits are accepted even on Saturdays and Sundays
KuCoin can be traded 24 hours a day, 365 days a year. Even if you are busy on weekdays, you can send money on weekends. Please rest assured that the payment process will continue even late at night.
Opening a KuCoin account is free
Opening a KuCoin account is free and details are available in the article below. You can register immediately if you have a phone number or email. Whether you buy or sell, there are a variety of trading methods such as market and limit orders. Even if there is a direct loss, a zero cut will be taken if the loss becomes negative. There are different trading methods such as staking and futures trading, and there are many categories.
hong kong exchange
KuCoin is a virtual currency exchange founded in Hong Kong in 2017, but has now moved its base to the Seychelles Islands. The operating company also holds a license from the Financial Services Agency, so it is fully regulated. It is attractive because it is as reliable as other major exchanges such as Binance.
No withdrawal refusal
KuCoin does not have any problems with withdrawal of profits being refused at this time. As long as you have a valid account, you can transfer a lot of money yourself as needed using your smartphone without any problems. The official site also provides easy transaction history, which you can download right now with a single button. Please also check the terms of use.
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