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KuCoin Review – Safe or a Scam? What You need to Know

Read our long form review here:

KuCoin is an exchange that was launched in 2017 through an ICO. They were originally based in China but moved offshore to Hong Kong in the crackdown in crypto in the country.

In terms of security, they have not suffered any hacks and have a wide array of security protocols in place. These include things such as cold storage and advanced firewall technology on the backend.

There is quite a long list of assets that they support on the exchange with over 250 coins. Some of these may be shitcoins so you should do your research before you consider purchasing any of these coins. They also want to include a number of other coins in their roadmap.

Like most of the other exchanges KuCoin operates a maker-taker fee model which means that they will reward those who make liquidity on the exchange and they will charge those who take it off their exchange. This is also place on a sliding scale that will adjust based on the volume traded in a 30 day timeframe.

KuCoin also has their own proprietary token called the KuCoin shares (KCS). These tokens are sort of like ownership in the exchange and they confer a certain number of dividends to the holder over a period of time.

In terms of customer support, you can either use the live chat function, the ticket support system or through email. KuCoin has stated in their ICO whitepaper that they aim to complete all support requests within 10 minutes. It remains to be seen whether they were able to do this.

KuCoin does offer anonymous accounts but there are limits on these accounts at 2BTC per 24-hour period. If you want to withdraw more than this then you will have to get your account verified. They will require you to complete their KYC procedures.

KuCoin is a crypto only exchange which means that you cannot fund the account in Fiat currency. You will have to send Bitcoin to the exchange if you want to start trading. We have a list of reputable exchanges that you can use on our website.

The trading platform is relatively advanced and they use tradingview charting technology. They also have an advanced order execution engine that is able to meet 2 million orders per second.

There is also a mobile app for those who like to trade on the go. For the developers among you, they have a pretty standard API with average throughput rates.

In conclusion, a pretty advanced exchange with an array of coins to trade with. We encourage you to do your own research before you use the exchange or buy any of the coins.

This is for informational purposes only. Coin Bureau does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice.

Source: Coin Bureau

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  8. Its get hacked like Binance, look today where Binance stay, look at Kucoin Token compare to Binance, there will be multiple X' go up on Kucoin Token, who bought at 1-1.50 USD and Invest 5k, will be a millionare in 2021!

  9. I just reached out to their customer service. They indicated that the USA is not an approved Country. Feb 2021.

    "We apologize that we don’t provide service for USA customers. Currently, we are only providing service for countries listed on the KYC page in order to comply with all applicable laws and regulations. KuCoin has an obligation of anti-money laundering, so all unverified accounts will be restricted on withdrawal, leverage for Contract and Margin."

    Hey man….I just want to buy some coins…

  10. I was using them for a few days and deposited a few hundred and about two days later my account was reset, no history of deposits, so please be careful people.

  11. I have had the account from 2019 (I am from the US) and have had ZERO problems to transfer money to them, from them (I use CoinBase and credit cards to deposit funds) and trading/lending, KNOCK ON WOOD !!!

  12. KUCOIN BoTs make this axchange shitty. Ive noticed that as soon as you make a limit order they start imdediatly throwing your in the backwall forcing you to buy or sell lower at key points and then imedediatley pump or dump the price constantly liquidating people.

  13. From my personal experience I think Kucoin is a scam. Being trying to get my money back for 2 months. Support is B.S. Trustpilot has many people feeling the same. Although there are some obvious fake reviews. I tried leaving a reddit about my experience…but I think Kucoin is deleting them. Somebody is definitely deleting them. Can anyone advise me? How can I get the word out without it being deleted?


    I transferred my coins from Coinbase pro and they are lost.
    I verified the address was correct and transaction is completed
    They don't response to my emails

  15. I noticed some very suspicious fills on my Kucoin account and it eventually lead to my account being liquidated on their futures market. I've been trading for close to a decade in equities, options, and options on S*P E-mini futures. The order book would immediately shift to orders that opposed mine and since there was little liquidity, Kucoin would send in orders to drop their price. It was backwardation.

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