How to withdraw crypto from KuCoin safely
To withdraw crypto from KuCoin safely, match the network, meet the minimum, confirm two-factor authentication, and save the transaction ID for records.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
On this page
- KuCoin is offshore, so US rules can change.
- Verify identity, turn on two-factor authentication, and whitelist.
- A wrong network or address can lose coins.
- Save the transaction ID and tax records.
KuCoin is an offshore exchange, so its withdrawal rules differ from a US brokerage's. US access and state rules can change, so check your own situation before you move funds.
What to check before withdrawing
Before you start, confirm that KuCoin serves your state and what your state's crypto rules require. Your account also needs a few security settings before a transfer can clear.
How to withdraw from KuCoin
Open your KuCoin assets page and choose Withdraw. The form has a few fields, and the order matters. Compare each field with your receiving wallet before you confirm.
- 1Select the coinPick the coin you want to move. Make sure your receiving wallet supports it.
- 2Choose the matching networkPick the network your receiving wallet uses. A different network can send the coins to a place you cannot access.
- 3Paste the addressCopy the address from your wallet and check the first and last characters. A wrong address can lose the coins.
- 4Enter the amountCheck that the amount meets KuCoin's minimum for that coin and network. Not every network carries every coin.
- 5Confirm two-factor authenticationCheck the coin, network, address, and amount one more time. Then enter your code.
After withdrawal: records and safety
The IRS treats crypto as property. Buying crypto with US dollars is not taxable, but trading one crypto for another, a stablecoin included, or paying with crypto is. Keep records that connect each withdrawal to what you paid.
Frequently asked questions
Open your withdrawal history and copy the transaction ID. Send it to KuCoin support. Do not start a second withdrawal for the same coins.
Once KuCoin broadcasts a withdrawal, it usually cannot be canceled or reversed. Contact support right away if the address or network looks wrong.
KuCoin is an offshore exchange, so it generally does not send US tax forms the way a US broker does. You still report gains and losses to the IRS.
No. KuCoin usually requires identity verification before a withdrawal, and its terms may restrict some US customers.
