A Beginner’s Guide to Buying Your First Bitcoin on KuCoin - Ways to Know (2024-25)

Bitcoin has come a long way since its launch in 2009. Once considered a niche experiment, it has become one of the most valuable and widely recognized assets in the world. On November 22, 2024, Bitcoin hit an all-time high of over $99,500, solidifying its position as the flagship cryptocurrency and a key player in the global financial markets. This milestone highlights Bitcoin’s increasing adoption by institutions and retail investors alike. As Bitcoin continues to ride the ongoing bull run, now is an ideal time to explore how to invest in it effectively.

 

KuCoin offers diverse and user-friendly ways to buy Bitcoin, whether you are a first-time buyer or an experienced trader. Here’s a detailed guide to help you navigate the top methods for buying Bitcoin on KuCoin in 2024.

 

Bitcoin continues to capture the attention of investors worldwide, and for good reason. In November 2024, Bitcoin soared to an all-time high of over $99,500, breaking records and solidifying its position as the flagship cryptocurrency. Analysts predict that this upward momentum will continue, with analysts like PlanB forecasting even higher valuations of around $1 million in the near future, fueled by increasing adoption and institutional interest.

 

Number of active address holding Bitcoin is on the rise | Source: Glassnode 

 

One of the key drivers of Bitcoin's growth this year has been the introduction of Bitcoin ETFs. Since their launch in January 2024, Bitcoin ETFs have accumulated a combined assets under management (AUM) of over $100 billion, underscoring the growing confidence in Bitcoin as a mainstream financial asset. These ETFs have made it easier for traditional investors to gain exposure to Bitcoin, further driving demand and pushing prices higher.

 

Bitcoin’s legitimacy as a global asset has been further underscored by its adoption at the national level. Countries like El Salvador and Bhutan have added Bitcoin to their strategic reserves, signaling a shift in how nations perceive its role in global finance. Even the United States is reportedly exploring plans to include Bitcoin in its reserves, a move that could further legitimize Bitcoin as a strategic asset.

 

In addition to being a digital store of value, Bitcoin’s appeal has been bolstered by institutional adoption. Major asset management firms have launched Bitcoin ETFs, which have attracted over $100 billion in combined assets under management (AUM) since their debut in January 2024. These ETFs provide traditional investors with easy access to Bitcoin, removing barriers such as managing private keys or using crypto wallets. As a result, institutional interest in Bitcoin has surged, driving demand and elevating its price.

 

Bitcoin takes the concept of being a potentially attractive store of value into the digital era by offering:

 

• Scarcity: Bitcoin’s supply is capped at 21 million coins, a fixed limit that makes it inherently scarce. As demand continues to grow, this scarcity drives Bitcoin’s value, making it a highly desirable "hard asset" comparable to gold. Bitcoin halving events, which occur approximately every four years, further increases BTC’s scarcity by making it harder to mine Bitcoins and squeezing the supply harder. 

• Decentralization: Operating on a decentralized blockchain network, Bitcoin offers unparalleled security and autonomy. It removes reliance on traditional financial systems, making it a unique and resilient asset for investors seeking independence from centralized institutions.

• Institutional Adoption: Major financial institutions, including asset management giants, are increasingly integrating Bitcoin into their portfolios and services. Governments worldwide are also exploring Bitcoin-related regulations and use cases, further legitimizing its role in the global financial system.

• High Liquidity: Bitcoin is one of the most liquid assets available, allowing you to easily buy, sell, or trade across a wide range of platforms. This liquidity ensures that investors can quickly act on market opportunities or convert Bitcoin into cash when needed.

• Inflation Hedge: With fiat currencies losing value due to inflationary pressures, Bitcoin’s finite supply makes it an effective store of value. Investors view it as a hedge against inflation, preserving purchasing power over time.

As Bitcoin’s adoption continues to grow and its price trajectory points higher, it remains a compelling addition to any investment portfolio. Whether you’re looking to diversify your holdings, hedge against inflation, or capitalize on long-term growth potential, Bitcoin offers a unique combination of scarcity, liquidity, and institutional backing that makes it a standout investment opportunity. Now is the time to explore how you can buy Bitcoin and join the global crypto movement.

Now, let’s explore the top ways to buy Bitcoin (BTC) on KuCoin, using over 70 different payment methods.

 

One of the fastest ways to buy Bitcoin is by using your credit or debit card, such as Visa or Mastercard, on Fast Trade. This method is ideal for newcomers due to its simplicity and speed.

 

Fast Trade is designed for users who want to buy Bitcoin quickly without navigating complex interfaces. This method is intuitive and supports multiple payment options.

 

 

Step-by-Step Guide for Buying Bitcoin with a Card

• Sign up or log into your KuCoin account.

• Navigate to the Fast Trade section under “Buy Crypto” on KuCoin, and select “Credit/Debit Card.”

• Choose the fiat currency (e.g., USD, EUR) and enter the amount you wish to spend.

• Select Bitcoin (BTC) as the cryptocurrency to purchase.

• Complete the transaction by entering your card details.

Why Buy BTC with Your Credit or Debit Card? 

Buying Bitcoin with a credit or debit card is one of the fastest and easiest ways to get started in the crypto market. Here's why this method stands out:

 

• Speed and Simplicity: Credit or debit card purchases are incredibly straightforward, requiring minimal steps to complete. This makes it an ideal option for first-time buyers who want to start investing quickly without navigating complex processes.

• Instant Transactions: When using your card, the transactions are processed instantly, allowing you to acquire Bitcoin within minutes. This speed is crucial for seizing market opportunities, especially during price fluctuations.

• User-Friendly Experience: The intuitive process ensures that even beginners can buy Bitcoin seamlessly. You simply link your card, enter the amount, and confirm the purchase – no technical knowledge required.

• Flexible Payment Options: KuCoin supports various payment channels, including credit and debit cards, bank transfers, and third-party providers. This flexibility allows you to choose the payment method that best suits your preferences and availability.

This method is perfect for those seeking convenience, speed, and simplicity when entering the crypto market. Whether you're new to cryptocurrency or looking for a hassle-free way to expand your Bitcoin portfolio, buying with a card is a reliable and efficient choice.

 

KuCoin offers two secure and straightforward methods to fund your account and buy Bitcoin: Bank Transfer and Fiat Deposit. Both options cater to users looking for reliable ways to purchase Bitcoin directly using fiat currencies.

 

 

How to Use Bank Transfer or Fiat Deposit to Buy Bitcoin

1. Log in to KuCoin and go to the 'Buy Crypto' section, then select 'Fiat Deposit.’

2. Choose your fiat currency (e.g., USD, EUR, AUD, GBP).

3. Select your preferred payment method, such as Visa or Mastercard.

4. Enter the deposit amount and complete the transaction.

5. Once funds are available in your Main Account, use them to buy Bitcoin via the 'Fast Buy' page.

Advantages of Bank Transfers for Purchasing Bitcoin 

• Lower Fees: Both methods typically incur lower fees compared to credit or debit card transactions.

• Simplicity: Fiat deposits allow direct transfers into your KuCoin account without intermediaries.

• Global Fiat Support: KuCoin supports 5 fiat currencies, including EUR, BRL, RUB, KZT, and UAH.

• Security and Trust: Bank transfers and fiat deposits are trusted and compliant with regulatory standards, ensuring your funds are safe.

• Fast Access: Fiat deposits provide quick access to funds for timely trades, while bank transfers offer secure funding for larger transactions.

Note: Fiat Deposit availability varies by region. Verify if your country is supported before using this service.

 

The KuCoin P2P (Peer-to-Peer) platform is a popular choice for buying Bitcoin directly from other users without intermediaries. It’s especially appealing to our global users, thanks to zero trading fees and support for over 32 different local country-specific payment methods.

 

 

How to Get Bitcoin on KuCoin P2P:

1. Access the P2P marketplace from the “Buy Crypto” section.

2. Select your preferred fiat currency, e.g., USD, EUR, etc..

3. Browse offers from verified merchants and choose one that fits your needs.

4. Transfer the payment directly to the seller using the listed payment methods.

5. Once the payment is confirmed, the seller releases Bitcoin into your account.

Advantages of P2P Trading Bitcoin

Peer-to-Peer (P2P) trading offers a unique and user-focused approach to buying Bitcoin directly from other users on KuCoin. Here’s why this method is so advantageous:

 

• Zero Trading Fees: KuCoin’s P2P marketplace lets you buy and sell Bitcoin without any trading fees, maximizing your savings.

• Wide Range of Payment Methods: Choose from various payment options like bank transfers, digital wallets, and other regional payment options to suit your local preferences.

• Secure Transactions with Escrow Service: KuCoin’s escrow system holds the seller's Bitcoin until payment is verified, ensuring safe and reliable trades.

Here’s all you need to know about how to trade P2P on KuCoin. 

 

For traders looking to purchase Bitcoin using other cryptocurrencies or stablecoins, the KuCoin Spot Market is an excellent option. This method allows you to buy Bitcoin with over 100 different trading pairs like BTC/USDT or ETH/BTC.

 

 

How to Buy and Sell Bitcoin on the KuCoin Spot Market:

1. Fund your Trading Account by transferring crypto or stablecoins like USDT.

2. Navigate to the Spot Market and search for your preferred trading pair, BTC/USDT in this case.

3. Choose from different order types (e.g., market orders for instant trades or limit orders for price-specific trades).

4. Place your order, click Buy BTC to confirm your order, and monitor its status.

Why Use Spot Trading to Buy Bitcoin?

The Spot Market on KuCoin offers advanced tools and flexibility, making it a preferred choice for experienced traders and crypto enthusiasts:

 

• Advanced Trading Options: The Spot Market provides sophisticated order types like stop-loss and OCO (One Cancels the Other), allowing you to automate trades and manage risk effectively. These features give you greater control over your transactions, enabling precise execution of your trading strategies.

• Diversification Opportunities: If you already hold cryptocurrencies like Ethereum or stablecoins such as USDT, the Spot Market is an ideal platform to exchange them for Bitcoin. It allows you to diversify your portfolio seamlessly without the need for additional fiat funding.

• Market Accessibility: KuCoin's Spot Market supports a wide range of trading pairs, including BTC/USDT and BTC/ETH, giving you multiple options to buy Bitcoin using other assets.

This combination of advanced features and flexibility makes the Spot Market an excellent option for those looking to trade Bitcoin with precision and expand their holdings efficiently.

 

Here’s a convenient guide to help you make your first trade on KuCoin’s spot market. 

 

The Recurring Buy Plan is ideal for long-term investors looking to automate their Bitcoin purchases. This method uses dollar-cost averaging (DCA) to mitigate market volatility.

 

 

How KuCoin’s Recurring Buy Plan Works

1. Click Buy Crypto, Fast Trade, and select the Recurring Buy option. 

2. Choose Bitcoin as your preferred cryptocurrency.

3. Set a fixed amount and frequency (e.g., weekly, monthly).

4. Link your payment method.

5. Monitor your growing Bitcoin holdings over time.

Advantages of a Recurring Buy Plan for Investing in Bitcoin

A Recurring Buy Plan is a powerful strategy for building your Bitcoin portfolio over time, offering several distinct advantages:

 

• Reduces the Need to Time the Market: Automating Bitcoin purchases removes the stress of predicting market highs and lows.

• Smooths Out Market Volatility: Dollar-cost averaging helps you buy more Bitcoin when prices are low and less when they are high.

• Builds Your Portfolio Steadily: Regular purchases ensure consistent growth of your Bitcoin holdings over time.

• Convenient and Hassle-Free: The plan runs automatically, saving you time and effort while building your portfolio.

• Minimizes Emotional Decision-Making: A fixed schedule keeps you disciplined and avoids impulsive trading decisions during market swings.

This hands-off and consistent investment approach makes the Recurring Buy Plan an excellent choice for both beginners and seasoned investors aiming to build their Bitcoin holdings with minimal effort.

 

Learn more about the benefits of dollar-cost averaging (DCA) strategy to buy Bitcoin. 

 

KuCoin supports third-party payment providers like Simplex and Banxa, offering additional avenues to buy Bitcoin. These channels often support multiple fiat currencies and payment methods, expanding accessibility.

 

 

How to Buy Bitcoin with Third-Party Channels on KuCoin

• Go to the “Buy Crypto” section and select Third-Party Payment.

• Select BTC as the crypto you wish to buy and enter the quantity. 

• Select your payment method and payment channel. 

• Follow the instructions of the selected payment channel and click Confirm to complete the transaction.

Why Buy BTC via Third-Party Channels?

Third-party payment channels on KuCoin provide added flexibility and accessibility for purchasing Bitcoin:

 

• Expanded Payment Options: These channels support a variety of payment methods, including local bank transfers, credit cards, and digital wallets, making it easier to choose an option that suits your preferences.

• Support for Multiple Fiat Currencies: Third-party providers often accept a wide range of fiat currencies, giving users the freedom to transact in their local currency without the need for conversion.

• Convenience for Restricted Regions: For users in regions where direct fiat-to-crypto purchases are unavailable, third-party services act as a bridge, ensuring access to Bitcoin and other cryptocurrencies.

• Streamlined Process: These channels integrate seamlessly with KuCoin, providing a user-friendly experience from payment to receiving your Bitcoin.

By offering diverse options and removing regional limitations, third-party channels make Bitcoin purchases more accessible to a global audience.

 

KuCard seamlessly connects digital and traditional finance. It lets you spend Bitcoin and earn cashback rewards. While primarily intended for spending, KuCard also offers the option to convert Bitcoin to fiat currency and make real-world purchases with it.

 

 

Features of KuCoin’s KuCard

KuCoin’s KuCard bridges the gap between cryptocurrency and everyday spending, offering a wide range of features to enhance convenience and value:

 

• Instant Crypto-to-Fiat Conversion: KuCard allows real-time conversion of your Bitcoin and other cryptocurrencies into fiat currency, enabling seamless purchases at millions of merchants worldwide.

• Integration with Major Digital Wallets: You can link your KuCard to Google Pay and Apple Pay, making it easier to use your crypto for everyday transactions both online and in-store.

• Cashback Rewards: Earn cashback on your purchases, adding extra value to your Bitcoin holdings while incentivizing frequent use of the card.

• Wide Cryptocurrency Support: KuCard supports a variety of cryptocurrencies, giving you the flexibility to spend your preferred digital assets.

With these features, KuCard makes it simple to integrate cryptocurrency into your daily life while rewarding you for spending.

 

Learn more about how to get a KuCard. 

 

KuCoin has earned its reputation as one of the most trusted and versatile platforms for investing in Bitcoin. Here’s what makes it stand out:

 

• High Liquidity: KuCoin offers a robust order book with deep liquidity for Bitcoin and other cryptocurrencies, ensuring smooth trading experiences even during times of high market volatility. This means you can easily buy or sell Bitcoin at competitive prices without worrying about slippage.

• Extensive Options: With over 700 cryptocurrencies and a wide range of payment methods, including credit cards, P2P trading, and fiat deposits, KuCoin provides unparalleled flexibility to meet diverse user needs. Whether you're buying Bitcoin or exploring other crypto assets, KuCoin’s comprehensive offerings have you covered.

• User-Friendly Interface: Designed to cater to both beginners and seasoned traders, KuCoin’s platform features intuitive navigation, easy-to-use tools, and detailed tutorials. New users can start buying Bitcoin with minimal effort, while advanced traders can access features like margin trading and sophisticated order types.

• Top-Tier Security: KuCoin prioritizes the safety of its users through regular Proof of Reserves audits, ensuring that all customer funds are fully backed 1:1 by real assets. The platform also employs advanced security measures such as two-factor authentication (2FA) and an anti-phishing code to protect your investments.

• Global Community and Support: With over 30 million users worldwide, KuCoin fosters a thriving global community. It also provides 24/7 customer support to assist users with any issues, ensuring a smooth trading experience.

Whether you’re a first-time investor or a seasoned crypto enthusiast, KuCoin combines liquidity, security, and ease of use, making it a go-to platform for buying and managing Bitcoin.

 

When buying Bitcoin, security is paramount. Here are some best practices to follow:

 

• Enable Two-Factor Authentication (2FA): Add an extra layer of security to your KuCoin account.

• Verify Details: Ensure the seller’s payment information matches before transferring funds.

• Use Secure Payment Methods: Opt for methods that provide proof of transaction.

• Stay On-Platform: Conduct all communications and payments within KuCoin to leverage its built-in security features.

Bitcoin’s latest bull run, highlighted by its all-time high of over $99,000, makes 2024 a promising year to invest. KuCoin simplifies the process with a variety of methods tailored to your preferences and experience level. Whether you’re using P2P trading, Fast Trade, or exploring the Spot Market, KuCoin ensures a seamless, secure, and rewarding experience.

 

Take the first step today. Choose a method that works best for you and join the growing community of Bitcoin investors. With KuCoin, you’re in safe hands.

 

• How to Buy Bitcoin (BTC)

• The History of Bitcoin Bull Runs and Crypto Market Cycles

• Top Trading Strategies in a Crypto Bull Market

• How to Trade Options on KuCoin: A Beginner’s Guide

• How to Make Your First Trade on the KuCoin Spot Market

• What Is Crypto P2P Trading, and How Does It Work?