KuCoin Review: Can You Withdraw Coins from KuCoin?

Coins from KuCoin can be taken out and moved to another wallet.

KuCoin does not, regrettably, convert your asset into fiat money. Only digital cash like Bitcoin can be sent and received.

Make sure the receiving wallet supports the cryptocurrency you wish to withdraw if you want to withdraw a specific asset. If not, you must first turn the KuCoin asset into a cryptocurrency that can be placed into the other wallet. Kucoin review is that Kucoin is safer for having amount in your account.

For instance, if you wish to withdraw Bitcoin, you must ensure that your receiving wallet is capable of doing so. If the receiving wallet is incompatible, you won’t be able to withdraw your BTC from KuCoin.

Nevertheless, despite these restrictions, it is simple and quick to withdraw money from KuCoin.

For instance, if you want to withdraw Bitcoin, you must confirm that your receiving wallet supports Bitcoin withdrawals. If the receiving wallet is not compatible with KuCoin, you won’t be able to withdraw your BTC from it.

However, despite these drawbacks, it is simple and convenient to withdraw money from KuCoin. You can see how to withdraw money from the KuCoin platform in the section that follows. Kucoin vs binance the same thing is that both are safe and secure with millions of users.

Table of Contents

How to Make a KuCoin Withdrawal

There are multiple steps involved in withdrawing money from KuCoin: signing in, choosing a token, verifying with 2FA, and finally finalizing the withdrawal. This section will go over each stage in detail.

Logging onto the KuCoin platform is the initial step in the withdrawal process.

Scroll down in KuCoin to reach the log-in page.

Find the log-in button in KuCoin by activating it and scrolling down.

Click Assets in the platform’s menu. This tab is located at the very bottom of the user interface on the mobile app.

Select Withdraw. The mobile app UI will have this choice in the upper-right corner.

Choose a Token

The next step is to select a token from the drop-down selection. Ensure that the coin you want to withdraw is supported by the destination wallet. If not, you risk losing your money.

Remember that before withdrawing, you must confirm that the funds are in the main account and not the trading account. Your trading account cannot be transferred straight to an external wallet.

The minimum withdrawals are another item to be aware of. Verify again that you have sufficient tokens on your primary account; otherwise, your transaction will fail. The Kucoin vs binance difference binance has a higher overall score of 9.8, while Kucoin gathered an overall score of 8.6.

The 2-Factor Authentication must be met

KuCoin takes use of the 2FA and the Trading Password protocols for your benefit, despite the fact that it may be a little annoying for users.

A different password that enables you to do transactions on the KuCoin platform is the trading password. The 2-Factor Authentication procedure, meanwhile, makes sure that the confirmed user is actually the one who is logged into the account right now.

The user’s valuables are safeguarded from potential dangers thanks to these security features. The minimum withdrawals are another item to be aware of. Verify again that you have sufficient tokens on your primary account; otherwise, your transaction will fail.

KuCoin takes use of the 2FA and the Trading Password protocols for your benefit, despite the fact that it may be a little annoying for users.

The user’s valuables are safeguarded from potential dangers thanks to these security features.

This will prevent the transactions from being completed even if hackers or other bad people manage to access your account.

The entire security procedure that you must go through in order to proceed with your KuCoin withdrawal is listed here.

Enter your 6-digit trading password first.

To obtain the verification code, you will then need to enter your email address. After entering your email address, click Send Code. Remember that if you currently don’t have access to your email account, you can switch to SMS Verification instead.

After that, open the Google Authenticator app on your smartphone.

Your screen will display a code. Pay attention to this.

Re-enter the verification code on the platform before the time limit expires.

Finish the withdrawal.

Take your time to double-check your information before completing the withdrawal process.

Check the withdrawal address and the type of token you intend to withdraw twice. As previously stated, the wallet you intend to send tokens to must be able to support those tokens.

Remember that various tokens have varying fees as well. Make sure you’ve done all the math correctly and allowed for the absolute minimum.

Remember that even the smallest errors might cause your money to permanently disappear when dealing with bitcoin transfers. Because of this, it’s crucial to confirm that every information is accurate. click the blue Submit button if everything appears to be in order.

How Long Does It Take to Withdraw KuCoin?

Withdrawals of KuCoin normally take 30 minutes. This is due to the fact that KuCoin typically takes that long to complete each transaction. However, processing time could be prolonged if you withdraw a substantial sum.