If you're trading crypto in 2022, the options available are limited. That's because many of the crypto exchanges available ended up going bust. However, one of the exchanges still available and open to trading, is Kucoin. This article outlines the different methods in which you can buy crypto with Kucoin. Essentially, this tutorial will cover how to move the money from fiat money (traditional currency) into crypto using the Kucoin exchange. So if you're looking to use this exchange, this article will cover the 3 different methods you can buy crypto with Kucoin. The three different options are "Fast Trade", "P2P" and "Third-Party" trading.

None of the aforementioned trading methods are relevant to crypto trading (trading in between cryptos). However, they serve as a fiat on-board into cryptocurrencies. Here are the pros and cons of each method, along with a tutorial on how to use them.

Buy Crypto With Kucoin: Fast Trade

The use of Fast trade is recommended when purchasing cryptocurrencies with a credit card. This is an easy to use mechanism that allows you to purchase up to 5000$ worth of bitcoin per transaction. Unfortunately, the fee and exchange rate can be a little bit hefty though therefore it is rarely recommended unless you have to use a credit card. To use this first you have to select the currency you wish to spend, and the crypto you wish to receive. You can do this by selecting the "USD" and "USDT" icons on the right hand side. in the amount you wish to spend in the box on the top, and press the buy button. Congratulations, you have just bought bitcoin with Fast Trade!

Buying Crypto with KuCoin: P2P

If you choose to enter the decentralised market and get anonymous crypto, this is the method for you. The first step is to select the currency you wish to purchase. Unfortunately, there aren't many options available. The only cryptocurrencies you can acquire through this method are; "USDT", "BTC", "ETH', "KCS" and "USDC". Another disadvantage of using this method is that the quantity you can order, usually very limited and at a downgraded price. Thus this method is highly recommended for small private crypto purchases up to 2000$ a day.

To use this feature, select the currency you wish to buy. Then select the seller and price depending on the availability and the limit. The availability means how many of the selected cryptocurrency is available for purchase from that vendor. Whereas limit means the maximum amount the vendor is willing to accept at a time. Furthermore, you can filter them out based on your preferred payment method. You only have to link your phone number to your Kucoin account to use this feature. Finally, press "Buy" and type in the quantity you wish to spend (in the top input). Lastly, press "Buy Now" and it will lead you to the payment gateway. Follow the steps. And congratulations, you're all set!

Buy Crypto with third party through Kucoin

This method allows you to purchase crypto via credit card or bank transfer. Typically the fees are considerably low. To use it, first select the currency you wish to buy (on the top right). Then, type in the amount you wish to spend (on the top left). Then select your preferred payment method. Lastly, select the preferred payment channel and press the confirm button. Simply follow the instructions provided by your payment channel to complete your purchase.

Final Disclaimer

When interacting with centralized exchanges, resh does not recommend keeping unnecessary funds on it. Remember, not your keys, not your coins. The recent FTX debacle has recently outlined the severity of this statement. And this was not the first time, you can also check out "Mt. Gox" for another example. Or even "QuadrigaCX". The list is long. Therefore, we also recommend you to DYOR, for this type of platform you can start by looking at their proof of reserves. As always, if you have anything to share or add, feel free to drop a comment. Resh out!