In cryptocurrency, users make profits through various means. Some make gains by staking crypto or burning crypto. But the major and most popular means of profit-making in cryptocurrency is trading, that is buying and selling digital coins. It is no wonder then that despite the numerous crypto projects arising daily, Bitcoin remains the largest cryptocurrency and it thrives on the trading of BTC crypto pairs.

Furthermore, due to the desire to trade crypto daily by users, there is a need to create an efficient system that facilitates crypto trading. But the crypto space is so vast that no single exchange captures all the facets of crypto. Thus, we see crypto exchanges being developed regularly, but it is vital that you know which is suitable for you and how to trade crypto on these platforms.

This is one of the reasons the paradise team provides premium membership on the Kucoin exchange; we share personal trades with our VIP family (crypto signals), which are the best on the market for multiple reasons. We also teach them how to trade professionally (click here for reviews from our clients), and here is the good news, PRO20% will give you a 20% discount; long or short, you can always win trades with Mycryptoparadise family.

Therefore, as KuCoin exchange stands out as one of the leading crypto exchanges in the market. This article will assess the KuCoin exchange and provide a guide on how to create a trade on the exchange. So, read on and learn a good means to make a profit in crypto through trading.

What is KuCoin Exchange?

Essentially, KuCoin is a global crypto exchange that began in the year 2017. It has since expanded its services across various continents, providing high-class crypto services to over six million users globally. KuCoin is renowned for its advanced security system which is a vital aspect of cryptocurrency in an era of malware and internet hacks. 

This global crypto exchange offers users various crypto services such as spot trading, futures trading, margin, lending and staking, P2P and much more. It is no wonder that it is used by many users globally. Also, KuCoin is said to be a user-friendly platform with an easy-to-understand interface suitable for crypto beginners. 

KuCoin exchange also has its native coin known as KCS, which has a circulating supply of over 80 million and a burning strategy that helps to increase its value. The crypto exchange also offers very low transaction fees to users.

KuCoin is very vital to crypto traders because unlike exchanges KuCoin lists coins with a small market cap, which means a greater margin for growth. So, it lists coins with small caps which have the potential for greater growth. However, KuCoin also offers a large selection of well-known coins or tokens in the market. and KuCoin offers a very generous profit-sharing structure. This is because about 90% of the total transaction fees on the platform returns to KCS holders in form of incentives and rewards. Those who hodl over six KCS even get the chance to get daily bonuses in the KuCoin community and holders get passive income on the platform.

How To Create Trades on KuCoin Exchange

Now that we have a better understanding of the KuCoin platform and some of the benefits that come from using the exchange to trade. Let us discuss how you can create crypto trades on KuCoin.

Create an Account

KuCoin has both a web trading platform and an application. So, the first step to trading on KuCoin is to create an account. You can easily create an account with either an email address or a phone number. It is a very simple process, but you will need to verify your email address or phone number with a code sent to you. So, ensure whatever means you use to register is readily accessible to you. 

If you further in the verification process on the platform, you get more access to rewards and reduced trading fees as an advanced feature of the exchange.

Select the Trade Menu

After you register an account on KuCoin exchange, go ahead to login into your account and select the ‘Trade’ option. This menu is found on the top-left corner of the web platform. It will present a dropdown menu with three options; spot trading, margin trading, and trading bot. As mentioned earlier, KuCoin allows various trading means including the use of a trading bot to create trades. But for the sake of this illustration, we will select ‘Spot Trading’.

The Market Interface

The platform will load up the trading market interface, where you will see various markets you can trade. Some examples include the Stable Coin, Bitcoin, KuCoin Token, Alts, etc. Each market has its trading pairs and not all tokens are present in all markets.

Let us assume that you want to use BTC to purchase a KCS token. You select the BTC market and type KCS into the search bar before choosing the KCS/BTC trading pair. This move opens up the KCS/BTC trading pair interface. But to create a trade you are required to input your KuCoin trading password, this is an added security feature of KuCoin.

The next step is to select the order type. Order types determine the price at which you buy or sell a coin and the other details you can add to your trade. Simply like placing an order at a restaurant, either at the counter or through a menu list. KuCoin offers four order types; limit order, market order, stop-limit order, and stop market order. But our focus will be on limit orders.

Limit Order

Limit order involves setting the ideal price and quantity at which you want to purchase or sell a coin. To do this, select ‘limit order’ from the options. Then, you get two boxes; one for the price and the second for the quantity. Input the price at which you want to buy or sell KCS/BTC and the quantity of KCS in the amount. If you want to buy click on ‘Buy’ and vice versa if you want to sell. Your order will be placed and can be found in the ‘Open order’ section.

Conclusion

KuCoin exchange is an easy to use cryptocurrency platform and creating a trade is not an issue as long as you know where to go and what to do. Surely, this article has guided you and now you know how to create trades on Kucoin exchange.

KuCoin offers lots of benefits to traders, including reduced trading fees. So, it is advisable to get familiar with the platform.

You can learn more about trading in Kucoin exchange through the education and information provided by Mycryptoparadise; use our discount PRO20% to get a 20% discount on your premium membership today;  click on this link to join our telegram channel.