How to transfer from Bitso to KuCoin

If you want to know why I recommend using Bitso as a gateway or for transferring money to other Crypto exchanges, I explain here my opinion on Bitso and on part on Binance. so you can read the document however Bitso is the access for most Latinoamerica crypto enthusiasts and is a easy way to . In short explanation, I suggest or use Kucoin over Coinbase because the lending feature, the lower fees and the option to use margin are better and you have fewer restrictions than on Coinbase.

The first thing that you need to know is about Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions. “Gas limit” refers to the maximum amount of gas (or energy) that you’re willing to spend on a particular transaction.

In the next list from Bitso, you can see a Gas fee for the cryptocurrencies that are handled by this exchange site and you will notice that XRP is without cost so we are going to use that.

XRP doesn't have a cost to do the transfer on Bitso

The current minimum transaction cost for XRP required by the network for a standard transaction is 0.00001 XRP (10 drops). It sometimes increases due to a higher than usual load. Again on Bitso doesn't have cost but is because is really low.

First We need to go to Ku Coin and look for Assets on your account you click there and then you click on Deposit

After that, it will show you a screen where you need to select on which crypto coin you want to receive the deposit

you select XRP and it will show you the XRP Address and your tag that you will need on Bitso.

In Bitso you need to select XRP on the dashboard list and click on send(enviar)

This will show the next popup where you will need to add the XRP address and the destination tag you have to copy & paste and don't put it wrong because you can lost the coin if you put it wrong.

You will need to capture the transaction password from Bitso

After you capture the send and capture your transaction password this will show up

After 2 min you will see at the bottom of KuCoin the deposit and it didn't cost you anything to make a transaction and you don't have to pay the extra fees or conversion from Mexican Peso to USD or EUR.

On Ku Coin, you have a lot more Coins and options like staking, trading bots, margin, etc… so you will not be short on options like on Bitso and you can use the same process for other Crypto Exchanges sites.