How To Transfer From KuCoin To Gemini 2023

Crypto investors could be making the switch from KuCoin to Gemini for a number of reasons. 

KuCoin offers investors basic and advanced trading features. Some of those advanced trading features are margin trading, futures trading and cryptocurrency lending. 

However, some investors are making the switch to Gemini for its exceptional security features and ease of use. 

One of the greatest callouts for Gemini’s security features is that a majority of crypto is kept offline in a cold storage system. This is one of the safest ways to hold crypto as it limits risk to cryptocurrency hackers. 

Whatever the reason may be for wanting to transfer from KuCoin to Gemini, we will show you how to execute this transfer step-by-step!

How To Transfer From KuCoin To Gemini

The process for transferring your crypto from KuCoin to Gemini can be completed through three steps:

1. Open and verify your Gemini account
2. Prepare your Gemini account for the crypto deposit
3. Send crypto from KuCoin over to your new Gemini account

These three steps will be described in detail in the paragraphs below!

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1. Open A Gemini Account

Gemini enables investors to buy, store and trade cryptocurrencies.

This exchange is one of the few cryptocurrency platforms that has never been hacked. This means that Gemini’s security precautions are working. 

Gemini has also built a reputation as an investing platform with a simple user interface. 

As with any crypto trading platform, Gemini does charge platform fees.

Since crypto fees are often complex and vary from crypto to crypto, the list of fees can be found on the official Gemini website.

The process to open a new Gemini account is straightforward and can be completed by following the below steps:

1. Sign up for a Gemini account by clicking here!
2. Create your account sign in. This is completed by providing your name and email address and then by creating an account password. 
3. Verify your email address by following on-screen prompts.
4. Set up 2FA (2 factor authentication) by providing your home address and phone number. You will also be asked to verify your phone number during this step.  
5. Add a bank account or skip this step by clicking the “I’ll do this later” button in the top right of the platform. 
6. Verify your identity by providing your legal name, address, date of birth, and social security number. This step is for user verification as well as for tax purposes. 
7. Upload required documents to finalize the account setup. You can either upload a picture of your passport or a picture of your driver's license. 

After completing the above steps and uploading the required documentation, you will then submit your verification information for review. 

According to the Gemini website, verification typically takes 2-3 business days to complete. If the process is taking any longer you can contact customer support for help. 

2. Locate Your Gemini Wallet Address

Now that you have opened and verified your Gemini account, it is time to locate your crypto wallet address.

You will have a different address for each type of cryptocurrency that you hold within Gemini. Each one is 100% unique, and mixing them up could result in the loss of cryptocurrencies. You need to make sure you send Bitcoin to a Bitcoin address only, for example.

Here's how to locate your wallet address on Gemini:

1. ​There is a “Transfer” button that you will click in the top right corner of your newly formed Gemini account
2. From that point, click the section “Deposit into Gemini” to proceed
3. You will use the dropdown menu to select the specific crypto that you are planning on transferring over to Gemini from KuCoin
4. You will then copy the unique deposit address for your account and that specific crypto

3. Withdraw Crypto From KuCoin

Last step, time to send your crypto from KuCoin to Gemini:

1. Log in to your KuCoin account 
2. In the top right of the screen select “Assets” > “Main Account (Deposit & Withdraw)” 
3. Find and click “Withdraw” on the right side of the Assets Overview page
4. Select the cryptocurrency that you want to withdraw (make sure the cryptocurrency you are transferring is the same on KuCoin and Gemini or you will lose your funds)
5. Paste your unique Gemini deposit address into the “Wallet Address” space
6. Enter the amount of the crypto that you want to transfer to Gemini 
7. You can add notes in the “Remark” section if desired
8. Select “Confirm”
9. You may see a “Tamper-Proofing Confirmation” pop up and after confirming you can click “Confirm Withdraw”
10. You will be prompted to input your trading password, an email verification code, and 2FA (2 factor authentication) code
11. Finalize the withdrawal request by clicking “Submit”
12. The final piece is to patiently wait as your funds are transferring, which usually takes under an hour (confirmation time varies depending on network traffic and the crypto blockchain)

It is always a good idea to test the above steps by transferring over a small percentage of your crypto before transferring over all your assets. However, be sure to consider any applicable fees before doing so. 

Sometimes it is just better to be safe than to be sorry!

If you are looking to move multiple different types of cryptocurrencies from KuCoin to Gemini, you will need to repeat this process (step 2 and 3) for each different one.

Since transferring cryptocurrency does carry risk, especially if information is entered incorrectly, the above information can be verified on the official KuCoin and Gemini websites.