KuCoin is a third-party cryptocurrency exchange that lets you buy, sell, and trade various cryptocurrencies. It was founded in May 2017 by a group of seasoned business professionals who had previously worked on Ant Financial and iBox PAY. KuCoin is one of the industry’s newest cryptocurrency exchanges.
In the second quarter of 2019, KuCoin will enable peer-to-peer trading on its platform. Binance will launch its peer-to-peer trading platform in 2020. In this article, we’ll look at how a newcomer can use the KuCoin peer-to-peer platform to trade crypto for cash or vice versa. KuCoin is a very new platform, which explains why they provide services much more flexibly than other well-established platforms.
What Is The Best Way To Buy Crypto On The KuCoin P2P Trading Platform?
To buy crypto, go to the KuCoin exchange’s Buy crypto p2p section from the desktop top menu or the home page and the deposit screen on the mobile version. You have two choices at the exchange. Whether you want to buy from the express option at the lowest feasible rate within your set limit or whether you want to personally review the verified merchant’s advertisements and decide after your limit based on available ad limitations and cryptocurrency prices.
Your purchase order has been placed!
Now submit your payment to the counterparty’s account, and click the “I Have Paid” button within the time window allotted. If you don’t click in 15 minutes and have already paid, you must place a new order for the same amount you paid in the prior canceled transaction, and the merchant will process it accordingly.
On the KuCoin P2P Trading Platform, how can you sell, cash out, or withdraw cryptocurrency?
To sell or cash out crypto, go to the KuCoin exchange’s p2p section from the desktop top menu or the mobile version’s home page. The deal gives you two choices: you can sell from the express option at the best possible rate within your set limit, or you can manually review the verified merchant’s advertisements and decide on your available amount based on the limitations and pricing of available ads.
If you’ve decided to sell a stable currency to cash out your earnings or for any other reason, click the Sell USDT price button.
If the merchant does not react and the order is about to expire, you can place a fresh order with any other verified merchant and verify the fulfillment rate for a positive experience. You can file a complaint using the “Contact Customer Support” option if a merchant does not cooperate with you. A customer service team member will be assigned to your case and will work to address it as quickly as possible.
KuCoin continues to improve the p2p trading UI and overall experience by adding more trading pairs and payment options, expanding to new locations by cooperating with locals, and allowing consumers to purchase and sell cryptocurrency in a hassle-free and secure environment.