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After trading crypto on KuCoin for a certain amount of time, you may want to withdraw your funds and deposit your crypto holdings elsewhere. It doesn’t matter if you’re a newbie or an experienced cryptocurrency trader; it is crucial that you keep your digital assets safe and secure in a crypto wallet that you can trust.
In this extensive yet beginner-friendly how-to withdraw money from KuCoin guide, we will guide you through the process of withdrawing your funds from the KuCoin centralized cryptocurrency exchange to the world’s most secure and advanced, Web3-ready non-custodial wallet, Zengo.
To successfully withdraw your money from KuCoin, you have to set up your Zengo wallet first. Zengo is a next-generation Web3-ready non-custodial cryptocurrency wallet that utilizes industry-leading MPC technology to ensure your digital assets are stored in the safest way possible.
MPC technology is a cryptographic protocol that distributes data across multiple parties and ensures no individual party can see the other parties’ data. Because of this, combined with guaranteed account recovery, no private key vulnerability, and a built-in Web3 firewall, Zengo is the best cryptocurrency wallet available to participants of digital asset ecosystems.
If you want to check whether the funds you’ve just withdrawn from KuCoin have already arrived in your Zengo wallet, simply open the Zengo app and check the main balance page. If you want more detailed information regarding specific transactions, tap the ‘History’ button located in the main menu to be provided with a full overview of your latest deposits and withdrawals.
Zengo is a must-have crypto wallet for those seeking a secure non-custodial wallet on which to store cryptocurrencies and NFTs as well as access DeFi trading and staking platforms.
Zengo is one of the safest and most secure crypto wallets available to retail users today. The wallet app utilizes state-of-the-art MPC technology, three-factor authentication with biometric login and transaction confirmation for an extra layer of security. With Zengo, you don’t need to remember any difficult seed phrases as your face is used to generate a truly unique and secure seed to access your digital assets!
With Zengo’s non-custodial wallet, you are in complete control of your own private keys without having to worry about security or losing access to your funds. Furthermore, our fiat on-ramp service allows you to easily diversify and grow your crypto portfolio by purchasing your crypto of choice with fiat currency. Aside from that, you can also take part in our savings program.
If you ever need any assistance with your Zengo wallet, you can contact our real human customer support staff at any time, even on weekends and holidays. Alternatively, you can check out our Help page to see if your question has already been answered.
With Zengo, you can easily send crypto to other wallets or ‘’cash out’’ to fiat whenever you want. To send crypto to other wallets, tap on the ‘’Actions’’ button located in the main menu followed by ‘’Send’’. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction.
Rather cash out your crypto earnings to fiat? No problem! Simply tap on the ‘’Actions’’ button, and then on the ‘’Sell’’ button. As of writing this guide, you can sell your digital assets for Euros, British Pounds, and/or United States Dollars.
Note that you have to connect your bank account to your Zengo wallet prior to requesting a fiat withdrawal and that it may take a few days for your funds to arrive.
KuCoin is a Seychelles-based cryptocurrency exchange founded by Johnny Lyu in 2017 after a successful initial coin offering. Dubbed “the people’s exchange,” KuCoin allows its users to buy, sell, trade, store, and stake cryptocurrencies and NFTs. KuCoin is one of the largest globally operating cryptocurrency exchanges in terms of both user count and daily transaction volumes.
The key difference between Zengo and KuCoin is that Zengo is a non-custodial wallet that allows its users to be in full control of their private keys, whilst KuCoin is a centralized cryptocurrency exchange that happens to offer custodial services to its clients without giving them access to their own private keys. If KuCoin becomes insolvent for any reason, it can halt or ‘freeze’ customer withdrawals.
KuCoin charges withdrawal fees on a per-coin basis like 0,0005 BTC on Bitcoin withdrawals, for example. For a full overview of KuCoin withdrawal fees, check out the official KuCoin fees page. KuCoin is a digital asset-only trading platform that doesn’t support fiat withdrawals as of writing this guide.
Users can withdraw a maximum of 1 BTC daily with an undefined or KYC1 KuCoin account, which is raised to 300 BTC with a KYC2 account. You upgrade your KuCoin account status by completing the Know Your Customer procedure. All withdrawals are subject to a 24-hour rolling period.
KuCoin tries to process all withdrawal requests within 30 minutes. However, withdrawals can take up to 2-3 hours to process when many transactions are taking place on a certain blockchain network.
The most common problems that can occur while withdrawing money from your KuCoin account are that you accidentally fill in the wrong receiving address, use the wrong blockchain network, or send the wrong cryptocurrency. Due to this, we always recommend double-checking inputs while conducting digital asset transactions.
KuCoin is a cryptocurrency-only trading platform as of writing this guide and doesn’t support crypto to fiat withdrawals. As a result, one of your best courses of action should be to send your funds to the Zengo non-custodial crypto wallet app and then withdraw the funds in fiat currency when you are ready.
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