Beginners guide to kucoin Trading
The following are the primary actions that you must take in order to trade on Kucoin:
1. Register for an account on the Kucoin app or website.
2. Make a USDT deposit into your Kucoin wallet. You must have USDT in your account in order to make a purchase because we will only be trading our coins using USDT as the pair.
3. ESSENTIAL action: Your "MAIN ACCOUNT" will receive the USDT or any other funds that you deposit into your KuCoin account. Transferring those USDT into the "TRADING ACCOUNT" is required.
4. To ensure you are ready, if this is your first time using Kucoin, we strongly advise making a tiny test trade by purchasing and selling a little quantity of other coins before the signal. Occasionally, Kucoin will request your trading pin before allowing you to make a trade. To avoid having to reenter your trading pin when we announce the coin to buy, make sure you know how to enter it quickly enough to buy in as soon as possible. Alternatively, just execute a tiny transaction on a different coin a few minutes before the pump.
5. Buying and selling: Kucoin makes buying and selling really easy. The "MARKET" option is highly recommended because it will ensure that your deal is done promptly at market price without requiring you to manually select the price, ensuring a speedy entry. You can use Kucoin safely even when you are trading large amounts because it has a safety mechanism that prevents you from buying too high. Any trade above 10% of the current price gets canceled automatically, while the amount below your 10% buy gets executed. If you want to buy more, all you have to do is market buy more times.
We strongly advise selecting the 75% option, which will allow you to purchase with 75% of your current balance, or 100% if you'd want to use it all.
If you're using the phone application:
If you're using the web:
6. NEVER sell at market price, that is, NEVER choose the Market option when selling. Simply put in a sell order at the price you want to sell at and wait for it to be filled when you're ready to sell. Choosing the price you wish to sell at and clicking "Limit" will allow you to accomplish this.We use a limit when selling because we want to maintain price momentum. Our team works to keep the price rising as long as possible in order to maintain a strong and steady pump. If you trade larger lots, the limit will also help you maximize your profits because spreads can be very large. Our Kucoin objectives can reach up to 2000%, which implies that there may be very large gaps between buys and sells. This makes limit selling a more advantageous strategy for maximizing profits.
