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KuCoin Withdrawal Methods Guide 2024

Publisher

February 14, 2024
KuCoin Withdrawal Methods Guide 2024

KuCoin Withdrawal options

KuCoin cryptocurrency exchange stands out for its comprehensive range of withdrawal options. We will explore the various withdrawal methods, limits, fees, and step-by-step procedures to ensure users can seamlessly manage their assets on the platform.

The exchange offers multiple withdrawal options, catering to cryptocurrency and fiat withdrawals. Notably, KuCoin supports Advcash withdrawals for specific regions, enhancing its versatility. For fiat withdrawals, users can utilize various options for major currencies, including regular bank transfers through networks like SEPA for EUR, FPS and CHAPS for GBP, and SWIFT for USD, ensuring a flexible and efficient withdrawal experience.

Check out our in-depth Kucoin review for more information about the crypto exchange.

 

Crypto Withdrawals

KuCoin facilitates the withdrawal of a diverse array of cryptocurrencies, currently up to 750 digital assets.. Among the most widely recognized crypto assets available on KuCoin are USDT, UDC, BTC, ETH, DOT, LTC, AVAX, DOGE, FTM, SHIB, KCS, and XRP.

Users on KuCoin can withdraw these cryptocurrencies through various supported networks, ensuring flexibility and convenience. The supported networks encompass ERC20, TRC20, SOL, ALGO, EOS, KAVA EVM Co-Chain, ARBITRUM, KCC, XTZ, NEAR, and BEP20. This diverse range of networks allows users to explore different blockchain ecosystems and choose the one that align with their preferences.

 

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Fiat Withdrawals

KuCoin facilitates fiat withdrawals in major currencies, such as EUR, USD, and GBP, enabling users to convert crypto assets. Users can opt for a regular bank transfer via SEPA or SEPA Instant for swift EUR transactions.

GBP withdrawals run through Faster Payments Service (FPS) for instant transfers or CHAPS for transfers within one day. For USD transactions, KuCoin ensures a reliable and efficient experience through the SWIFT settlement network.

In addition, integrating Advcash expands withdrawal options to include RUB, UAH, KZT, and USD.This diverse array of withdrawal options empowers users to customize their financial transactions based on their specific preferences and requirements.

 

 

Supported Fiat Currencies:

KuCoin supports the withdrawal of funds in various fiat currencies, enhancing accessibility and flexibility for users. The supported fiat currencies include:

  • BRL (Brazilian Real)
  • EUR (Euro)
  • GBP (Pound Sterling)
  • KZT (Tenge)
  • RUB (Russian Ruble)
  • TRY (Turkish Lira)
  • UAH (Hryvnia)
  • USD (US Dollar)

 

Withdrawal Options for Major Fiat Currencies:

To streamline the withdrawal process for major fiat currencies, KuCoin provides users with specific withdrawal options. These options include:

  • EUR (Euro):
    • Regular bank transfer on settlement networks like SEPA.
    • SEPA Instant for near-instant EUR transactions.
  • GBP (Pound Sterling):
    • Faster Payments Service (FPS) for instant GBP transfers.
    • CHAPS for GBP transfers within one day.
  • USD (US Dollar):
    • SWIFT for USD transfers, ensuring a reliable and efficient transaction experience.

 

KuCoin also supports Advcash payment service for swift withdrawals in RUB (Russian Ruble), UAH (Ukrainian Hryvnia), KZT (Kazakhstani Tenge), and USD (US Dollar).

This comprehensive approach ensures that KuCoin users have a range of options for withdrawing their funds in major fiat currencies. Whether you prioritize the speed of SEPA Instant, FPS, or the global reach of SWIFT, KuCoin provides flexibility. The integration of Advcash for specific currencies enhances the platform’s commitment to offering diverse and user-friendly withdrawal solutions.

 

Withdrawal limits

KuCoin implements withdrawal limits to enhance user security. The limits vary based on the user’s KYC verification status and withdrawal method.

 

Crypto Withdrawal Limits

KuCoin’s crypto withdrawal limits vary based on the user’s verification status. For users with incomplete verification, the daily withdrawal limit ranges from 0 to 30,000 USDT, contingent on the provided KYC information. Once the verification is complete, the daily withdrawal limit increases to 999,999 USDT, with P2P transactions allowing withdrawals of up to 500,000 USDT.

These tiered limits ensure flexibility and security in crypto transactions on the KuCoin platform.

Verification Status Withdrawal Limit per 24 hours P2P
Not Completed 0-30,000 USDT (specific limits based on how much KYC information has been provided)
Completed 999,999 500,000 USDT

Explore KuCoin withdrawal limits.

 

Fiat Withdrawal Limits

KuCoin’s fiat services offer a daily withdrawal limit of 150,000 USD, allowing users to convert their crypto assets into traditional currencies. In addition, the “Sell crypto for fiat” service comes with a daily limit of 50,000 USD, providing flexibility for users looking to liquidate their crypto holdings.

Fiat Service Daily Limit (USD equivalent amounts used for calculations)
Fiat withdrawals 150,000 USD
Sell crypto for fiat 50,000 USD

Read more on KuCoin daily withdrawal limits

 

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Withdrawal fees

Understanding withdrawal fees is crucial for users managing their portfolios. Different withdrawal methods may have distinct fee structures, impacting the overall cost of transactions.

 

FIAT Fees

KuCoin offers transparent and competitive fiat withdrawal fees for various currencies. For EUR transactions, utilizing SEPA or SEPA Instant incurs a nominal fee of 1 EUR, with a minimum withdrawal amount of 5 EUR. GBP withdrawals via FPS or CHAPS involve fees of 1 GBP and 25 GBP, respectively.

USD withdrawals through SWIFT come with an 80 USD fee, and the minimum withdrawal amount may vary.

Notably, Advcash facilitates RUB, UAH, KZT, and USD withdrawals with no fees, ensuring a cost-efficient and instant withdrawal experience. Users are encouraged to check the withdrawal page for specific minimum withdrawal amounts.

 

Currency

Currency Settlement Network Processing Time Withdrawal Fees Minimum Withdrawal Amount
EUR SEPA 1-2 Business Days 1 EUR 5 EUR
EUR SEPA Instant Near instant 1 EUR 5 EUR
GBP FPS Near instant 1 GBP 5 GBP
GBP CHAPS 1 Day 25 GBP 50 GBP
USD SWIFT 3 – 5 Business Days
Payment Service Withdrawable Fiat Currency Speed Withdrawal Fee
Advcash RUB,UAH,KZT,& USD Instant Free

More info on Advcash.

 

Crypto Fees

The withdrawal fee rate on cryptocurrencies are dynamic.

 

KuCoin Crypto Withdrawals

KuCoin crypto withdrawals involve transferring tokens from KuCoin to external platforms, where KuCoin acts as the sender, and the receiving platform records it as a deposit. For example, withdrawing BTC from KuCoin means sending it to external wallets. Get the specific network’s wallet address from the receiving platform’s “Deposit” section for accurate transactions.

Before initiating a withdrawal, it’s crucial to have your account settings configured. Enable either “Phone Number + Trading Password” or “Email + Google 2FA + Trading Password.” These settings can be conveniently set or reset on the account security settings page.

 

Step 1: Login and Navigate to your “Dashboard”.

  • Visit the official KuCoin page here and click on the log in button, or sign Up for a new account.
  • Login to your KuCoin account to navigate to your “Dashboard”.
    Upon logging into your KuCoin account, you will be directed to your default page, the “Dashboard.” If, for any reason, you find yourself on a different page within the KuCoin platform, easily navigate to the Dashboard by clicking on the circular button displaying your initials, as illustrated in the image below.

 

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Step 2: Choose Cryptocurrency and Network

  • From your “Dashboard” Click on the “Withdraw” button as shown below to view the Withdraw Crypto page.

  • Choose Your Cryptocurrency:
    • On the withdrawal page, select the cryptocurrency you wish to withdraw, such as USDT, BTC, ETH, or DOGE.
  • Input the Receiving Wallet Address:
    • Copy and paste the wallet address from the receiving platform. Alternatively, if you have the receiver’s address saved, click on the “Saved Addresses” link. Be diligent in double-checking the address to prevent any potential errors in sending funds to the wrong destination.
  • Select the Preferred Network:
    • Choose the desired network for the transaction as shown in the image below. KuCoin automatically assigns the appropriate network to your selected coin wallet address. This automated feature helps users avoid the common mistake of sending funds to the wrong networks.

 

Step 3: Confirm Details and Withdraw

 

Enter the desired withdrawal amount

Users can withdraw from their “Funding Account” or “Trading Account.” Select the appropriate radio button to indicate your choice between withdrawing from your Funding or Trading account.

  • Confirm all details, including the withdrawal fee.
  • Click “Confirm” to initiate the withdrawal.
  • Complete the withdrawal process by entering your trading password, Email verification code and/or Google verification code if you have it set up.
  • Click the submit button to confirm the security verification and complete your withdrawal.

Repeat these steps for each cryptocurrency you wish to withdraw.

 

KuCoin Fiat Withdrawals

Kucoin users can seamlessly convert their crypto assets into traditional currencies, and KuCoin supports a diverse set of fiat currencies for withdrawals, catering to a global user base.

However, note that the availability of fiat withdrawal options may vary depending on your region. Consider the withdrawal options provided by KuCoin, taking into account the specific methods available in your region for a seamless and tailored experience.

 

KuCoin Fiat Withdrawals: Step-by-Step Guide

Step 1: Visit the Fiat Withdrawal Page

  • Login to access your KuCoin Main account.
  • Click on the “Withdraw” button to navigate to your main Dashboard.

  • Click on the “Withdraw Fiat” button as shown above from the “Withdraw Crypto” page.

 

Step 2: Select Fiat Currency and Withdrawal Method

  • Pick the fiat currency you want to withdraw from the drop down menu.

  • Choose the withdrawal method based on your preferences.

 

Step 3: Add Bank Account and Request Withdrawal

  • If it’s your first time, add a new bank account.
  • Submit a withdrawal request after confirming all details.
  • Follow these steps for each fiat currency withdrawal.

 

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Summary

In conclusion, KuCoin offers a versatile withdrawal experience accommodating major cryptocurrencies like BTC, ETH, and USDT, supported across various networks such as ERC20, TRC20, and BEP20.

The platform extends its fiat withdrawal support to major currencies like EUR, USD, and GBP, providing options for regular bank transfers through SEPA, SEPA Instant, FPS, CHAPS, and SWIFT. By integrating Advcash, KuCoin further expands the fiat withdrawal options, including RUB, UAH, KZT, and USD.

Understanding the withdrawal limits, fees, and following the provided step-by-step guides, users can navigate KuCoin’s diverse withdrawal offerings seamlessly.

 

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