We have compiled an article that explains the withdrawal methods and fees for KuCoin, reasons why withdrawals are not possible, and solutions. KuCoin allows a variety of trades and many users are making profits. We have summarized all the procedures and methods available when withdrawing money, so please refer to it.
List of KuCoin withdrawal methods and fees
KuCoin withdrawal methods and fee list are summarized below. However, bank transfers and credit cards cannot be used; only virtual currency transfers are available. It supports purchases and withdrawals using major virtual currency coins, so it will be almost painless. It supports stocks such as BTC, ETH, XRP, KCS, BNB, ADA, USDT, etc., and you can also withdraw if necessary. Withdrawal fees vary depending on the virtual currency. There is also a minimum withdrawal amount.
| virtual currency | Withdrawal fee | Minimum withdrawal amount |
| BTC | 0.0005BTC | 0.001BTC |
| ETH | 0.005ETH | 0.01ETH |
| XRP | 0.5XRP | 20.5XRP |
| KCS | 0.02KCS | 1KCS |
| BNB | 0.01BNB | 0.01BNB |
| ADA | 1ADA | 2ADA |
| USDT | 25USDT | 50USDT |
gas fee is required
There is a gas fee for remittance of each virtual currency handled, and a fee is charged because blockchain services are provided and utilized. This mechanism is the same on other exchanges such as Binance and Bybit. If you are unsure, it would be a good idea to research and calculate the amount you have on hand before sending money.
We do not recommend withdrawing money while buying or selling.
Currently, we do not recommend withdrawing large amounts if you are currently ordering on the web or smartphone app, buying and selling with futures trading, etc., and holding various positions. This is because the content of the margin will decrease, and it will become unbearable in the end. Also, keep in mind that if you make a profit, you will have to pay taxes.
No fiat currency withdrawals
Please note that this service only accepts cryptocurrencies and does not provide withdrawal services for legal currencies, so it does not support operations in US dollars, euros, or Japanese yen. You can also check the details of the coins handled on the official website. Withdrawals can be made with Ethereum, Bitcoin, Ripple, and Tether coins. You can also do this by tapping on the app. It is attractive because it is basically compatible with a large number of devices.
KuCoin reflection time after withdrawal
So, when will it actually be reflected after the withdrawal? Basically, it largely depends on how busy the network is, but no matter what kind of coin you send, it should take at least 30 minutes to an hour to reach the recipient. Please note that the processing capacity of each currency is different, so the reflection time may vary slightly. This is true for exchanges both domestically and overseas.
Maximum withdrawal amount caps and restrictions depend on KYC
Maximum withdrawal limits and restrictions are subject to KYC. If you have not completed KYC for identity verification, the maximum withdrawal amount per day will be limited to 1 BTC. If you wish to move or transfer large amounts of funds, please be sure to complete KYC. KYC also has great benefits as it allows you to change the leverage ratio and recover your account at will. Regarding KYC, please refer to the following article and check it out.
Steps to withdraw money from KuCoin
The first step to withdrawing money from KuCoin is to copy the wallet address you want to send money to. To use it after that, first log in to KuCoin, enter from the home screen menu, click on assets, and then click on “Main Account”.
Source kucoin
Next, there is a withdrawal button on the right side of the screen, so press it. The withdrawal processing screen will be displayed, so enter your withdrawal information. You can send money by specifying the copied address as the withdrawal address, as well as the network, destination tag, etc. for each purpose. If the address and network match, the withdrawal information input screen will be displayed, and the transfer will be completed by entering the quantity.
Source kucoin
What is the reason for not being able to withdraw money?
As mentioned above, the process is very simple, but there may be cases where some withdrawals fail or cannot be made. We have compiled a list of frequently asked questions to help you understand why this happens. If you have any problems, please contact official support in advance. Especially for those who don’t have much knowledge, the conversation goes smoothly and they provide answers and solutions.
Incorrect withdrawal address
The most important thing to watch out for when sending virtual currency is copying and pasting errors in addresses. If there is an error in your withdrawal information, your assets will be lost, so please be sure not to make any mistakes. Do not type by hand; always copy and paste. There are many cases where first-timers incur the biggest losses.
There are withdrawal restrictions and you cannot withdraw money.
As explained above, if KYC is not completed, there will be restrictions on the withdrawal amount. In addition, if you have set up phone number verification, changed your transaction password, changed your phone number, changed Google’s two-step verification, or changed your email address, withdrawals will be restricted for 24 hours. KYC is also a security measure and is easy to do.
network congestion
There may be a problem with transaction processing due to network congestion. If it takes more than an hour to receive your package, please contact support. If you are already in the process of processing a withdrawal, you can check the withdrawal status by accessing it within your account, so please compare and check it frequently. There is a transaction history as a function, so please download it and check it.
Is there a withdrawal refusal?
KuCoin is a virtual currency exchange founded in Hong Kong in 2017. The operating company has since moved to Seychelles and is regulated as it has obtained the latest Financial Services Authority license. Therefore, there are no issues with safety and reliability. There have been no withdrawal refusals so far. Also, discount bonuses and campaigns are currently being held, and users can receive rewards.
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