With so many cryptocurrency trading pairs, it can be tricky to start trading Stellar Lumens (XLM). That’s why we’ve prepared this guide on the procedure of trading XLM on KuCoin, one of the largest cryptocurrency exchanges in operation today. If not, see our KuCoin review first and create an account on KuCoin to be ready to follow these steps.
KuCoin And Its User-Friendly Trading Procedure
Sign up to KuCoin
You can visit their website and fill out the required information. Once you have completed this, you will need to verify your email address and phone number. To trade BTC/USDT, you need to deposit BTC or USDT from your wallet or exchange that supports these currencies. Find BTC/USDT under BTC Markets and click Deposit next to it. You will then be prompted with an address where you can send Bitcoin from your wallet or exchange.
BTC/USDT is one of the most popular trading pairs on KuCoin. To trade this pair, you must have Bitcoin and Tether in your KuCoin account. Then, you can place an order to buy or sell BTC/USDT. After filling your order, you will have Bitcoin and Tether in your KuCoin account. You are ready to use them as a base currency to trade other crypto-currencies like Stellar Lumens (XLM). To trade XLM on KuCoin, BTC/USDT must be available in your account.
Add funds to your account
Before you can start trading XLM on KuCoin, you’ll need to add some funds to your account. Best way to purchase BTC or USDT from another exchange and transfer it to your KuCoin account.
Trade XLM With Lumens (XLM)
BTC/USDT is the trading pair for Lumens (XLM) on KuCoin. You can trade Lumens with Bitcoin (BTC) or Tether (USDT). . Then, you can place an order to buy or sell Lumens. Your order will be matched with another order, and the trade will be executed. You can then withdraw your Lumens to an external wallet.
Trade XLM With Tether (USDT)
- BTC/USDT is one of the most popular trading pairs on KuCoin.
- To trade XLM with Tether (USDT), you must have a KuCoin account and some Tether (USDT) in your account balance.
- Once you have both of those things, you can go to the Markets page on KuCoin and search for the BTC/USDT trading pair and Crypto price
Trade XLM With Bitcoin (BTC)
You can trade Stellar (XLM/XLM price) with Bitcoin (BTC) on KuCoin by following these steps:
- Log in KuCoin account and go to the Markets page.
- Search for BTC/USDT and select it from the list.
- Enter the amount of XLM you want to buy or sell in the Buy/Sell box.
- Review the transaction details and click Buy XLM or Sell XLM.
Conclusion and Future Recommendations
The whole process of trading XLM on Kucoin is quite user-friendly. All you need to do is deposit BTC/USDT into your account and place an order in the trading section. The fees are also very reasonable, making it a great exchange.