KuCoin Academy Lesson 9|How To Send Cryptocurrencies To Your Friends
New to crypto? Don’t worry. Keep up with KuCoin and soon you will become a crypto expert!
We are now launching the KuCoin Academy program, covering topics from crypto basics to trading knowledge. After learning each lesson, you will be able to complete a quiz to earn reward points!
In the first week, we said that the most convenient and easiest way to get crypto assets is to directly purchase them through an exchange. In addition to knowing how to buy cryptocurrency using fiat currency, you also need to know how to make transactions between cryptocurrencies if you want to become a senior crypto investor.
In KuCoin Academy lesson 9, we will demonstrate how to send Cryptocurrencies to your friends
Contents:
*How can I get a deposit address?
*How to deposit coins into KuCoin
*How to make a withdrawal on KuCoin
*How to Transfer Between Internal Accounts
To start trading cryptocurrencies on KuCoin Exchange, in addition to purchasing cryptocurrency through P2P Fiat Trade or third-party payment, you can also deposit cryptocurrencies into your KuCoin account.
KuCoin supports the trading of over 250 different cryptocurrencies, and you can deposit any one of these onto the exchange. Before you make a deposit, you need to get a deposit address.
1. How can I get a deposit address?
1. Log in to your KuCoin account. In the upper right corner of the website, find “Asset” and click “Main Account (Deposit & Withdraw)” from the drop-down list.
2. Click “Deposit” on the right side, select the coin you want to deposit from the drop-down list or search for the coin’s name directly and select it.
3. Just copy your deposit address and paste it into the withdrawal platform, and then you can deposit coins to KuCoin.
2. How to deposit coins into KuCoin
Now that you have your deposit details, you can open the wallet that you wish to send the deposit from.
1. Once your wallet is open, select the coin you wish to send. In this case, it is KCS.
2. From this screen, you will need to enter your KuCoin deposit address.
3. Once you have entered your details, you can send the transaction. Your KuCoin main account will be credited shortly after.
Notes for deposit:
If the coin you deposit has a Memo/Tag/Payment ID/Message, please be sure to enter it, otherwise the coins won’t arrive in your account.
3. How to make a withdrawal on KuCoin
1. Log in to your KuCoin account. Click on “Overview” under the “Assets” tab, then the “Withdraw” tab. You may type the token name in the search box, or scroll down and click on the token you want to withdraw.
2. Once you have selected the correct token, you will need to add the wallet address (composed of remark and address) and amount. The Remark is optional. Then click “Confirm” to carry out the withdrawal.
3. Input your trading password, email verification code, and Google 2FA or SMS verification code to complete all the withdrawal steps.
Notes for Withdrawals:
Please double check your withdrawal address and token type. If the withdrawal succeeds on KuCoin, it is no longer possible for it to be canceled. Different tokens charge different withdrawal fees. You can check the fee amount on the withdrawal page by searching that token after logging in.
If you meet problems in verifying your trading password, email code or Google 2FA/SMS code, please refer to the following links for further help:
4. How to Transfer Between Internal Accounts
Customers can transfer tokens of the same type directly from account A to account B on KuCoin with 0 fees. Internal transfers arrive quickly. If your friends are KuCoin users, you can send them cryptocurrencies by internal transfer.
1. Log in to your KuCoin account, click Assets in the upper right corner, and click on Overview-Withdraw:
2. For example, if you want to transfer KCS between KuCoin accounts, enter the KCS wallet address of KuCoin directly. The system will automatically identify the address belonging to KuCoin and check “Internal transfer” by default. If you want to transfer by the way of the blockchain, then just cancel the “Internal transfer” option directly.
5.How to Transfer Cryptocurrency through Red Envelope
The red envelope is a new function in the APP version. With a red envelope, you can give your cryptocurrency to friends as gifts, and the one who gets a red envelope will receive the cryptocurrency for free. Below is the instruction in detail: https://support.kucoin.plus/hc/en-us/articles/360033768273-What-is-the-Red-Envelope-
Finished the article? Here’s a quiz to test how much you have learned from this lesson. Answering all the questions correctly will earn you 100 points.
Join the KuCoin Official Group to be informed of the upcoming lessons and the points of ranking.
Don’t have a KuCoin Account? Sign up here!
To read our previous articles, check out the official Medium account of KuCoin Academy: https://medium.com/@KuCoinAcademy
