To transfer money, follow these three simple actions. The first is (if you haven’t already) transferring your cryptocurrency from your trading account to your main account on KuCoin. Platform Kucoin brokers helps you in earning more profit from trading.
Getting your Coinbase wallet address, also known as your bitcoin address, is the second step. Sending Bitcoin from your KuCoin main account to your Coinbase account is the third!
Having a registered account is obviously required in order to conduct withdrawal operations. This shouldn’t be a problem because you can’t make a deposit without having a registered account.
Connect to both of your accounts.
Open two browser tabs: one for your KuCoin account and the other for your Coinbase account. Log into each app before beginning if you’re using a mobile device.
selecting a withdrawal form
Go to your Coinbase account and click the trade icon in either the bottom right or top left, depending on whether you’re using the desktop or mobile app.
the Coinbase address for that currency
Enter the name of the cryptocurrency you’ll be using to withdraw from KuCoin in the search field. Select the coin you want to send by clicking it. Stellar Lumens (XLM) will be used in this instance because of its speed and affordable fees. In binance vs Kucoin relation we find that binance has more ability to capture user’s attraction.
Getting Coinbase’s deposit address
The functionality for deposits and withdrawals on Coinbase is quite simple. With a few buttons clicks, it can be completed.
Your dashboard will be visible once you enter into your Coinbase account. If you’d like, you can also utilize the smartphone application.
You will click the send/receive button in the right upper corner once you have seen this dashboard. You can choose from another page that will appear as a result of this.
You must select the receive button when you see this screen in order to see the deposit address. Click “asset” and modify it if the coin you wish to deposit is different from what you see.
Choose what you want on this page, or go to the “trade” area and pick “purchase” next to the currency you wish to deposit money into. If the coin you wish to deposit isn’t visible, you can type it into the search field and then click it.
Finishing
The withdrawal is completed at Kucoin
The screen we need to finish is right here. If you want to be certain that you have the correct address, it is advisable to double check it from both sides. When transferring cryptocurrency, it’s typical to have both pages open at once. Verify that the address you pasted here corresponds to the one on Coinbase once more. The binance vs Kucoin similarity is that both have unique options that facilitates users.
On this form, we paste the address we copied from Coinbase. Pick the network that Coinbase will also use, but be careful to pick the right network. Enter the amount we want to send, then press the “Confirm” button.
KuCoin security:
In summary, KuCoin is secure and trustworthy, and any cybersecurity breaches are covered by insurance.
Advertisement
To safeguard the crypto assets kept on its exchange, the cryptocurrency exchange has joined with on chain Custodian, a Singapore-based crypto asset custody platform. The largest private insurance brokerage firm in the world, Lockton, has secured insurance to support the custodial funds.
According to KuCoin, it saves customer funds offline in cold storage, making them more difficult to hack. However, it makes no indication of the percentage left inactive. Customers are able to withdraw money and conduct transactions since the remaining monies are maintained online in hot wallets.
Is Coinbase superior to KuCoin?
Since they have been operating for a long, KuCoin and Coinbase are regarded as reliable and safe.
Which is better for you, given that each has advantages and downsides of their own?
Advertisement
While Coinbase charges a fixed transaction cost of 2.49 percent, greater than rivals, KuCoin provides incredibly low fees of just 0.1 percent with an additional 20 percent savings if you pay with KCS. KuCoin charges disproportionately high fees (3 percent to 12 percent) when purchasing cryptocurrency with fiat money, and you are unable to withdraw fiat from the exchange. KuCoin offers more than 600 coins for trading, but Coinbase only offers more than 70. Both KuCoin and Coinbase provide an iOS and Android mobile app with a straightforward and user-friendly layout.
Both have excellent security features and provide insurance, but Coinbase’s security features are far more extensive.
