showing how to buy nano on kucoin exchange

How To Buy Nano On Kucoin

Introduction

Much like Binance, Kucoin allows you to buy Nano. However, Kucoin does not enable linking bank accounts at this time. Similarly to our Binance guide we advise users to purchase Ethereum on Coinbase and then deposit Ethereum into Kucoin in order to purchase Nano. Below Step-by-Step guide will explain you how to buy Nano on Kucoin in more detail. The guide was constructed showing users images of each step, also including safety best-practices.

Step 1

Kucoin Registration

Go to Kucoin by clicking here and click on the top right-hand side “Sign Up” button as seen in below image.

showing kucoin home page
Kucoin Home Page

Tick the “Accept Terms and Continue” box and click “next”.

showing kucoin terms and conditions
Kucoin Accept Terms

Fill in your email, password and click “next”

showing kucoin registration form
Kucoin Registration Form

Verify the email by clicking on the verification link in your inbox. (e.g. your Gmail or Outlook etc.)

showing kucoin confirmation email sent to users
Kucoin Verification Email

Next, you will be recommended to setup 2FA (2 factor authentication). Download the “google authentication” app from your Android Playstore or iPhone App store.

showing 2 factor authentication enable
Kucoin 2FA

After you have downloaded google authenticator from the app store (or play store) open the app on your phone and add the secret key provided by Kucoin.

showing kucoin 2 factor validation
Kucoin 2FA Validation

Once you have added the secret key to your google authenticator you will be able to receive 6-digit verification codes. Enter the verification code from your google authenticator app into the Kucoin 2-step verification box and click on “Submit”.

showing final activation of 2FA kucoin
Kucoin Activate 2FA

Prior doing any transactions you must add security questions to your account. Add a “Safe” word that you can relate to. Then choose 3 security questions and add relevant answers.

showing kucoin security questions form
Kucoin Security Questions

After adding your security questions you will need to verify changes by clicking on the verification link sent to you by email. Once you clicked on the verification link you will be able to trade Ethereum for Nano. Please follow step 2.

showing kucoin security validation by email
Kucoin Security Question Confirmation

Step 2

Copy Ethereum Address

Next up, click on “Assets” then “Deposit” and then choose “Ethereum – ETH” from the “Cryptocurrency Selector” (“kucoin shares” dropdown menu).

showing kucoin eth deposit page
Kucoin Deposit Ethereum

You can now highlight your Ethereum (ETH) address and copy it. Hang on to it and follow step 3.

showing copy ethereum address on kucoin
Kucoin Copy Ethereum Address

Step 3

Coinbase Registration

Next, you need to create a Coinbase account by >clicking here< to be able to buy Ethereum which you will send to Kucoin for exchanging to Nano. You will be notified that I invited you (“Joe Tot”) which will earn you 10 USD (7 GBP) if you spend over 100 USD (74 GBP).

showing coinase registration form
Coinbase Registration

Coinbase will now send you a verification email which you need to verify by clicking “Verify Email Address” in your inbox (e.g. Gmail, Outlook, Yahoo etc.).

showing coinbase sending a verification email
Coinbase Verification Email

You will now need to provide your SIM/Phone number which Coinbase will use to send a verification code (message). Once you entered your SIM/Phone number click on “Send Code”.

showing users to add phone number on coinbase
Coinbase Phone

Now, enter the verification code sent to your SIM/Phone (message) into the verification box and click “Verify”. You should now have access to your Coinbase dashboard.

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Coinbase Phone Verification

Step 4

Add Credit/Debit Card

Next up, from the Coinbase dashboard navigate to the “Buy/Sell” tab on the top left-hand side and click “Add a Payment Method”. Then proceed by clicking on the add “Credit/Debit” card option.

showing coinbase buy page
Coinbase Buy/Sell Tab

You will now have to provide one of the following ID’s: Passport, Driver’s Licence or Photo ID. Click on a document that you have at hand and take a picture of the front and back of the ID (using webcam or your phone). After uploading Coinbase will use automated ID recognition which should take less than a minute. If you run into problems follow this Coinbase Guide.

showing ID options
Coinbase Select ID

After successfully verifying your ID you will be able to link your Credit/Debit card. Do this by navigating from the Coinbase dashboard to the “Buy/Sell” tab (if you are not already there) and click “Add Payment Method” to add your Credit/Debit card.

showing coinbase add payment method
Coinbase Add Payment

Enter your billing address and click “Add Billing Address” which will bring you to the Credit/Debit card details form. Once you have filled in your card details click “Add Card” which will be securely processed by Coinbase.

showing coinbase card details form
Coinbase Add Card Details

Step 5

Buy & Send Ethereum

You can now buy Ethereum (ETH) which you will use to exchange for Nano on Kucoin. Reason we choose Ethereum is that it has less transaction costs and faster transactions per second (tps) when compared to Bitcoin. To purchase Ethereum (ETH) head back to the “Buy/Sell” tab (if you are not already there) and click on the “Ethereum” tab. Enter the amount you would like to purchase and click on “Buy Ethereum Instantly”.

showing buy tab to purchase ethereum
Coinbase Buy Ethereum (ETH)

Next up, you will need to send your Ethereum (ETH) from Coinbase to Kucoin. Do this by navigating from the Coinbase “Dashboard” to the “Accounts” tab where you will see your Ethereum (ETH) wallet and funds.

showing coinbase ethereum funds
Coinbase Ethereum Account

Click on the “Send” button (under the funds section) and paste your Kucoin Ethereum deposit address you copied earlier in step 2 into the “Recipient” box. Specify the amount you would like to send and click “Continue”.

showing how to send ethereum to binance
Coinbase Send Ethereum

You will now be prompted by a security notice asking you to confirm your send request. Enter the verification code sent to your Phone/SIM (message) and click “confirm”. After you sent the transaction, your Ethereum will be broadcast to the Blockchain network. Since it is being cryptographically verified it can take between 4-7 minutes depending on Ethereum’s Network Status and the number of network confirmations required by Kucoin (e.g. 25 x 16 = ~400 sec. or 6 min.). Follow step 6 for further instructions.

Check ETH transaction by entering your tx address here.

showing coinbase confirm request to send ethereum
Coinbase Confirm Request

Step 6

Buy Nano On Kucoin

After your Ethereum (ETH) transaction has been processed head back to Kucoin and go to the Nano/Ethereum exchane by clicking on “Markets” -> “Globe Icon” -> “ETH Tab” -> and type “nano” into the currency box to filter the Nano pair (XRB/ETH).

showing filter of nano and ethereum pair
Kucoin Ethereum/NANO Pair

Next, click on “Buy” then click on the “Ask” price (blue highlight) to buy Nano according to current market rates. Then specify the amount of Nano (formerly known XRB) you’d like to buy and enter your Kucoin 2-step verification code (2FA) and click “Buy” to execute the order.

showing buy nano with ethereum
Kucoin Buy Nano (NANO)

After buying your Nano (welcome to the club!) you can check your balance under “Assets” -> “Overview” and typing “nano” into the currencies search box.

showing nano balance
Check Nano Balance

If you wish to withdraw your Nano, simply navigate to “withdrawal” and enter the recipient address into the “Address” box. Specify the amount of Nano you’d like to send -> enter your security answers -> enter your 2-step verification code and click “confirm”.

showing withdrawal of nano on kucoin
Kucoin Withdraw Nano (NANO)

Next Steps

Store Nano Safely

The storage of your Nano depends on your situation. If you decide to trade short term (day trading) you can leave your Nano on Kucoin for further trading purposes. However, if you decide to use Nano for personal or business transactions we recommend storing your nano in a desktop/mobile wallet. If you decide to HODL (long term investment) than we recommend storing Nano using offline cold storage as this would be the most secure option. Depending on your situation you may find following guides useful: