QUESTION
How can you transfer funds from KuCoin to a bank account?
ANSWER
To transfer funds from KuCoin to a bank account, one must first ensure that the cryptocurrency has been converted into a fiat currency that the bank can accept. This step typically involves selling any crypto assets on the KuCoin platform for a fiat currency such as USD or EUR. After selling the cryptocurrency and having the fiat balance reflected in the account, access the withdrawal section of KuCoin and select the option to withdraw fiat money. Here, one would need to follow the instructions to add and verify a bank account, if not done previously. Once the bank account is linked and verified, enter the amount to withdraw and complete any additional security verifications required by KuCoin. After confirming the withdrawal, KuCoin will process the transaction, which may take a few days depending on the bank's processing times and any applicable policies or regulations. Always check for minimum withdrawal amounts, fees, and any regulatory requirements before initiating a transfer.
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