Bitcoin Forum

Hello,

My goal is to use Kucoin trading bot with USDT. I am already a Kucoin user, cause I hold KCS, but I do not want to sell KCS.

I would avoid to use my Kucoin account to deposit EUR from my credit card because Kucoin fees are very high.

I am looking to deposit eur from by bank account to somewhere where I can get USDT and then move USDT to Kucoin, or if you have another solution with low fees ...

Can you help me?

If you are coming from EU and why don't you just try to use kraken or binance? as far as I know, both were having small fees but I do believe if binance has lower fees compared with kraken

You can check it out through this link dude

https://www.binance.com/en/fee/depositFee

You can also try P2P transactions with a trusted seller on the forum or other platforms. Keep in mind that the fees might be similar (can be lower or higher, depending on your partner). Avoid anyone with a ridiculously high fee though, unless you don't really have a choice. Keep in mind that you might have to do KYC, or at least give some details about your banking account.

Use Binance's p2p (https://p2p.binance.com/en) to buy USDT by bank transfer or any payment option supported where you come from. I use the platform sometimes and one thing I know is that trading there is free (Zero fees)

You can the transfer USDT (TRC10) which is one of the cheapest options to Kucoin. Withdrawal fee for USDT TRC10 is around 1 USD

I need to get more than 1000 USDT and on P2P I do not feel safe, because there are not many guys with 100% completition.

I prefer pay more fees but being safe.

I Signed up on coinbase, deposited there 1000 eur with no fees, then purchased ADA with 14.68 eur fees, then moved to kucoin for €0.18 fees and now I am going to trade to change in USDT.


Do you know if there is another coin on coinbase with less fess then €14.68? Or any coin has such fees?

It will be bette option if you ae able to find a local seller who wants to sell USDT for EUR. There are a lot of people around us who are buying and selling by taking small profit. So p2p transaction with local seller will be best option to avoid high fees.

You are spending a lot in fees just for nothing. Binance p2p is safe so long as you follow instructions.

The completion rate you see is determined by the percentage of number of times someone completes trades out of the total number of trade requests. Therefore, when someone does not complete a trade, It means they ignored you trade request, and you still get to keep your money. Their score however, reduces. So why should you be worried if you still get to keep your money?

1000 USDT is not really a huge amount and you are completely safe when you are trading on peer to peer where users need to verify their ID before start trading there so you can avoid trading with some random stranger using stolen bank account but you still have to be careful while choosing traders, don't simply prioritise the price alone, you also need to check the trader's traded volume and feedback section.

ok, if everybody says to go to P2P Binance, then that is the right chose.
I will sign up to binance!

How much will cost to me move the USDT from Binance to Kucoin?

Not that much of a choice but I heard that fees are generally small compared to other banks that accept deposit of fiat to crypto conversion.

The fee for moving binance to kucoin is slightly cheaper cause you can use tron blockchain as withdrawal option which is totally free. If you are gonna choose erc20 type then depends on your bulk deposit but its just a fraction of course. Let say 1 to 3$ I guess.

It's better if you are using TRC20 asset to send your USDT to the Kucoin and it will cost you only $1 and that doesn't matter how much amount that you wanna send it from binance to the kucoin.
You can also try to search it on the binance withdrawal fee service. it will not cost as much as the ethereum asset. Kucoin is supporting TRC20 asset for USDT too

Kucoin allows deposits from the following networks
- USDT (ERC20) --- Withdrawal fee from binance 20 USDT
- USDT (TRC20) --- Withdrawal fee from Binance 1 USDT
- USDT (EOS) --- No supported withdrawal from Binance
- USDT (Algorand) --- No supported withdrawal from Binance

I guess you now know the best option to use

Thank you for your help.
I just payed and ordered on p2p Binance, and I hope to receive them.  :)

Then will try to move to Kucoin by TRC20.

Keeps us updated on the experience so that we know if it worked out well for you or not? It could help someone who finds this thread in the future through Google  ;)

I made 2 wire transfer orders on P2P Binance and both went through.  :) Thank you guys.

Now, on  P2P Wallet Binance I have to click on "transfer" link and move all of my USDT to "Spot Wallet" Binance.

Is that correct?

Yes you need to move the USDT from p2p wallet to your binance account and make sure that you are sending to the right chain address since USDT available on different blockchains so that you can avoid losing your funds.

Correct, the spot wallet at the same time acts as the main wallet for your Binance account from which you can directly withdraw to an external address

Thank you.

I moved my USDT succesfully from Binance to Kucoin paying only 3 USDT (I split the transactions in 3 transactions cause I am a newbie).

Thank you everybody.  :)