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🌱Buy $XCH with Kucoin

Dislaimer : This is a guide made on Feb 20th 2024. It is not meant to be used as financial advice. All sites are run by 3rd parties that are not associated with us. Use all sites and information at your risk.

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First what is KuCoin?

Here are some key features of KuCoin:

  • **Wide selection of cryptocurrencies:** Trade a diverse range of established and emerging cryptocurrencies.

  • **Multiple trading options:** Choose from different trading options like spot trading, margin trading, futures trading, and P2P trading.

  • **Earning opportunities:** Earn rewards by staking or lending your crypto holdings.

  • **User-friendly interface:** The platform is designed to be accessible for both beginners and experienced users.

However, it's crucial to remember that:

  • **KuCoin is not available to users in certain regions, including the United States, due to regulatory restrictions.**

  • **Cryptocurrency trading carries inherent risks of price volatility and potential loss.**

Buying $XCH on KuCoin

Prerequisites:

KuCoin Account: If you don't have one, create a free account on the KuCoin exchange (https://www.kucoin.com/).

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  • Chia Wallet: Download and install a compatible Chia wallet. The official Chia wallet is a good option (https://www.chia.net/). Make sure you have your wallet address ready.

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Steps to Buy XCH on KuCoin:

Fund Your KuCoin Account:

  • Wallet Address: Type an address to see its balance, transaction history, and holdings.

Click on Deposit

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Select Coin you want to deposit and select network.

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  • ​iat purchase: Use KuCoin's "Fast Trade" or "P2P" options to buy cryptocurrencies using your credit/debit card or other supported payment methods.

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Fast Trade

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P2P

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1. Find the XCH Trading Pair:

  • Search for "XCH" in the KuCoin markets or find the appropriate trading pair (e.g., XCH/USDT).

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2. Place an Order:

  • Choose the type of order (market order for immediate purchase at the current price, or limit order to set your desired price).

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  • Enter the amount of XCH you want to buy. Review the order and click "Buy XCH."

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  • ​now you have $XCH

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Steps to Buy XCH on KuCoin:

1. Go to Withdrawal Page:

  • Within your KuCoin account, navigate to the "Assets" section and then to "Withdraw."

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2. Select XCH and Enter Wallet Address:

  • Choose "XCH" as the cryptocurrency.

  • Carefully paste your Chia wallet address in the "Withdrawal Address" field. **Double-check the address for accuracy!**

  • Select the appropriate blockchain network (Chia's own blockchain).

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3. Specify Amount and Network:

  • Enter the amount of XCH you want to transfer.

  • Confirm the network is correct (should be the Chia blockchain).

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4. Review and Confirm:

  • Carefully verify all details (address, amount, network).

  • Proceed with the withdrawal, following any additional verification steps KuCoin requires.

Important Notes:

  • Network Compatibility: Ensure the Chia blockchain network is selected during withdrawal to avoid losing your funds.

  • Transaction Fees: Be aware of KuCoin's withdrawal fees for XCH.

  • Security: Always prioritize the security of your funds. Use a reputable Chia wallet and keep your private keys and seed phrase in a safe offline location.

  • Verification: You may need to complete identity verification (KYC) on KuCoin before being able to deposit or withdraw.

Disclaimer: Cryptocurrency markets can be volatile. Always conduct your own research and invest at your own risk.

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