How do you buy Electroneum on KuCoin exchange?
KuCoin is a very user-friendly exchange on which to buy Electroneum, and the steps are quite easy to follow.
In this post I’ll show you how to:
- Create an account on KuCoin
- Setup Two-Factor Authentication
- Deposit funds
- Buy Electroneum
Create an Account
Enter your email and a new password you’d like to use. Confirm the password one more time and hit Next.
You’ll now be prompted to confirm your email. Open your email account and click on the confirmation link that was sent to you.
This will most likely log you into KuCoin automatically. If not, simply click on Login in the top right-hand corner and log in with the details you’ve just provided.
Setup Two-Factor Authentication
In order to deposit funds into KuCoin, you’ll need to setup two-factor authentication using the Google Authenticator app or a similar one.
Firstly, download Google Authenticator to your mobile device.
Then, on KuCoin, click on Account at the top and then click on Google 2-Step.
Click Next to show that you’ve installed the app.
You’ll now be presented with a secret key that you can use to recover your account if your phone is lost or stolen. Write this key down and keep it safe! If you lose your phone, there is no way to get access to your account again.
For convenience, you can click on Download Key File to save it to your computer and then click Next.
Now scan the QR code presented using the Google Authenticator app and enter the 6 digit code given to you by the app.
In order to buy Electroneum, you need to deposit some other cryptocurrency such as Bitcoin or Ethereum. These can be purchased from sites like Coinbase, CEX.io, LocalBitcoins, or some other local exchange in your country.
To deposit funds into your account, do the following:
Click on Assets in the top navigation bar.
In the Overview tab, look for the search bar in the top right and type in BTC (if you want to deposit another currency, please type the appropriate code here).
This will narrow the search and display Bitcoin in the list below. Click on Deposit on the right-hand side.
Click Confirm to confirm that you are depositing Bitcoin and not some other cryptocurrency.
Send your Bitcoins to the address given (or scan the QR code with your Bitcoin wallet app).
Note! Don’t send your coins to the address in this image, else it will be added to Electroneum101’s account! Send it to the address given in your own KuCoin account.
You’ll be able to watch the deposit history at the bottom of the page.
The funds will automatically be added to your Bitcoin balance after 3 block confirmations.
Once you’ve deposited funds, you can now buy Electroneum.
Click on Markets at the top of the page and then click on an ETN market in the list (most likely ETN/BTC). You can also search for ETN in the Search coin box if it is hard to find.
This will take you to the trading screen for ETN/BTC. In the bottom right you will see the Buy/Sell panel.
To Buy Electroneum, we’re going to complete the Buy section.
In the price box, enter the price you’d like to buy at. Clicking on the blue best price link at the right of the box will enter the best price currently available.
In the amount box, enter the amount of ETN you’d like to buy for that price. Clicking on the blue max link to the right of the box will fill in the maximum ETN you can buy with your balance.
Then click on the green Buy button.
You’ll see a message saying “Buy order has been submitted” and your transaction will be processed.
You can view your ETN balance by looking at the top right of the Sell ETN box.
You are now the proud owner of new Electroneum coins!
KuCoin is a great exchange with a very user-friendly interface. It is one of the easiest exchange, currently, to buy Electroneum on.
Have any more question about this process? Let me know in the comments to so we can all learn from one another.