KuCoin referral code: QBSSSCKP
When a person starts getting interested in cryptocurrencies, the first thing they find out is that they need to create an account on an exchange in order to be able to buy and sell cryptos.
One of the most famous exchanges for beginners is Kucoin (1 out of 4 cryptocurrency investors have a Kucoin account).
Maybe you don’t know exactly how to use an exchange yet and you are just learning how to register, so on the page where you fill in your details you have an option to use a referral code. In this article we will understand exactly what this is and what it is for.
What is the Kucoin reference code?
On the official Kucoin registration page, there is a “referral code (optional)” field, as shown in the picture below:
If you don’t have a referral code or don’t know what to put there, use the Kucoin referral code QBSSSCKKP in 2024 to get 20% off all fees at Kucoin. That discount is the best Kucoin offers, and not all codes guarantee that much discount.
The Kucoin reference code serves to encourage new users to create their account on the exchange by inviting others. By using a code, which is optional, both parties win: the user who spread the code earns money and the person who used the code guarantees discounts on the platform. So when you use the Kucoin reference code QBSSSCKKP in 2024 you are taking advantage of the best discounts the exchange can give.
Important: Risks related to the Kucoin exchange
KuCoin, like any cryptocurrency exchange, carries several risks. These can be broadly categorized into security risks, market risks, regulatory risks, and operational risks. Here’s a detailed look at each:
- Security Risks:
- Hacking: The most significant risk for any online exchange is the threat of hacking. Even though KuCoin implements robust security measures, the possibility of a security breach always exists. A successful hack can lead to the loss of cryptocurrencies stored on the exchange.
- Phishing Attacks: Users may be targeted by phishing scams, where they are tricked into revealing their login credentials or private keys.
- Internal Fraud: There’s always a risk of internal fraud or misconduct by employees of the exchange.
- Market Risks:
- Volatility: Cryptocurrencies are known for their high volatility. Sudden market shifts can significantly affect the value of assets held on the exchange.
- Liquidity Issues: In certain situations, there might be liquidity issues, especially with less popular cryptocurrencies, making it hard to execute large orders without affecting the market price.
- Regulatory Risks:
- Changing Regulations: The regulatory environment for cryptocurrencies is still evolving. New regulations or changes in existing laws can impact how exchanges operate, potentially affecting users.
- Compliance Failures: If the exchange fails to comply with regulatory requirements, it might face penalties or be forced to shut down, affecting its users.
- Operational Risks:
- Technical Failures: Issues like server downtime, software bugs, or other technical failures can hinder trading activities.
- Customer Service Issues: Inefficient customer service can be a significant risk, especially in resolving disputes or addressing users’ concerns in a timely manner.
- Asset Delisting: There’s always a risk that a particular cryptocurrency might be delisted from the exchange, forcing users to move their assets or liquidate them under less favorable conditions.
- Other Risks:
- Dependence on Third Parties: Some services provided by KuCoin might depend on third-party service providers, introducing additional risks.
- Investment Risks: Users need to be aware of the risks involved in investing in cryptocurrencies themselves, which can be high-risk investments.
It’s important for users of KuCoin or any other cryptocurrency exchange to conduct their due diligence, understand the risks involved, and take appropriate steps to mitigate these risks, such as using strong, unique passwords, enabling two-factor authentication, and keeping the majority of their funds in a secure, private wallet.
Why are there so many different Kucoin referral codes on the internet?
You may have searched on Google and seen several different Kucoin referral codes. This is because anyone can create a code and post it on the internet to get rewards.
For example, after creating your Kucoin account, when you go to the main menu, there is a referral option:
When you click there, you will see the “referral code” option and a new code to copy and share to your friends. The more people who sign up with your code, the more rewards you will earn.
That’s why so many people post their codes on the internet. The problem is, the advertisements are often untruthful. Do not believe in offers that promise unrealistic discounts with Kucoin codes.
Many people act dishonestly to try to convince users to sign up with their codes. For example, saying they will get 40%, 50% or more off by using their referral code. This is a lie. Kucoin limits the maximum discount to 20% for those who are creating a new account. You can check this information in the exchange’s official documentation.
The 40%, 50% figure refers to the commission rate the affiliate receives after someone signs up with their code, not the benefit the new user is receiving.
To be able to offer a 20% discount to your friends, you need to be approved as an affiliate. Otherwise, the limited discount you can offer your friends is 10%.
How to find out the real discount amount that was applied?
Do not believe empty promises, check for yourself what discount will be applied with the reference code entered. Notice that right after entering the code QBSSSCKP, this message appears: “You will enjoy a 20% discount on trading fees.” This is proof that the maximum discount will be obtained. Click “Sign Up” to confirm. We at bbcode.org have been approved as official affiliates and that is why we are able to offer such a good discount with the referral code QBSSSCKP.
Complete step by step to sign up for Kucoin with referral code in 2024:
- Go to the sign up page
- Select the email or phone option and enter your information
- Create a 10-32 character password
- Enter the Kucoin reference code QBSSSCKP
- Check that the discount message appears
- Accept the terms and conditions
- Click “Sign Up” to confirm
You will now have your account created and ready to buy your first cryptocurrencies.
Where to enter the reference code if I already have a Kucoin account?
Registration with a reference code can only be used with new accounts. If you have not used a referral code that offered discounts at registration and want to use it now, you will need to create a new account.
What is the Kucoin 2024 referral code?
This is the Kucoin referral code in 2024: QBSSSCKP. It works for futures, spot, derivatives and all other markets on the exchange. Use this invitation code for the best discount and bonus.
I clicked on a referral link and now I can’t change the code
If you clicked on a referral link from someone else, but the discount that appeared was not 20% (the best), close the window and open the registration page in another browser, or even in an anonymous tab in Google Chrome.
This way, the field to enter the reference code will be blank again and you can enter the code that guarantees the best possible discount in 2022: QBSSSCKP.
Okay, now that you know everything about Kucoin referral code and have created your account, the next step is to learn how to use the exchange.
Next steps to understand how Kucoin works
- Read the article Kucoin Tutorial for Beginners to learn all the features that Kucoin offers.
- See how Kucoin’s fees work.
- Understand all the details of the Kucoin affiliate program.
- Know the main statistics of the Kucoin exchange.