How to convert crypto coins on KuCoin
While you need to be cautious of price volatility, this will allow you to capitalize on market movements.
Trading fees are the lifeblood of every transaction on the blockchain and, with it, users can determine which exchange is favorable to transact or not.
While the ban on peer-to-peer (P2P) trading on Binance and KuCoin in Nigeria has driven many users toward Bybit, others still prefer KuCoin for transactions, thanks to its Convert feature.
This feature allows users to switch between cryptocurrencies without engaging in complex trades on the open market, saving on significant fees. It’s particularly useful for those who want to avoid traditional trading, quickly diversify their portfolio, or take advantage of market opportunities without navigating complicated processes.
In this tech guide, you will learn how to convert crypto coins on KuCoin.
Steps to Convert Crypto Coins on KuCoin
Step 1. Open the KuCoin app on your smartphone
Step 2. On the homepage, swipe the top menu to the side.
Step 3. Select "Convert" from the available options.
Step 4. On the conversion interface, tap the drop-down arrow at the left corner to choose the wallet where your coins are.
Step 5. Next, select the cryptocurrency you want to convert from in the "From" field and pick the cryptocurrency you want to convert to in the "To" field.
Step 6. Input the amount of crypto you wish to convert. KuCoin will display the real-time conversion rate and the amount you’ll receive.
Step 7. Carefully review the details to ensure everything is correct. Once reviewed, tap "Convert to [the coin you want]" to execute the conversion.
Step 8. Click "Confirm" to complete the process once the rate is okay.
The converted crypto will reflect in your KuCoin wallet almost instantly.
Conclusion
Despite restrictions on P2P trading in Nigeria, KuCoin remains a popular choice for users who appreciate its variety of cryptocurrencies and low fees. Perhaps you want to avoid complex trading activities. Follow the steps above to convert crypto coins on the KuCoin exchange. It is easy and straightforward if you want to diversify your portfolios and react quickly to market changes.
Image credit: David Adubiina/Techloy.com
