Is KuCoin reliable for trading and securely storing cryptocurrencies long-term?
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Xolvie Resolution Specialist December 20, 2024 3:27 pm
KuCoin is a prominent cryptocurrency exchange known for its extensive range of supported coins and advanced trading features.
While it offers competitive fees and a user-friendly interface, recent user feedback highlights concerns regarding account restrictions, withdrawal issues, and customer support responsiveness.
For instance, some users have reported difficulties in updating their phone numbers due to verification errors, leading to account access problems.
Additionally, there have been instances where users experienced delays or denials in withdrawal requests, even after completing full verification processes.
Given these concerns, while KuCoin provides a robust platform for trading, it may not be the most secure option for long-term cryptocurrency storage.
Regularly reviewing KuCoin’s security updates and implementing all recommended safety protocols can further safeguard your assets.
This is the information we have, but if you have more insights from your experience, please share in the comments.
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Related Complaints
Missing Balance in My KuCoin Account After Identity Verification
Sinan
December 07, 2024 10:36 pm
-After re-entering my KuCoin account and successfully completing identity verification, I noticed that my account balance shows as zero. The cryptocurrencies I had purchased are completely missing. I attempted to contact customer support for assistance, but the lack of language support made communic...
Never Put Money Into Kucoin Because It Is Impossible To Withdraw
Mehmet
August 24, 2023 10:03 am
-In a distressing turn of events, KuCoin has held onto my $6400 under the flimsy excuse of delisting a coin I purchased. Trust shattered, I strongly advise against entrusting your funds to KuCoin's platform. Attempts to engage their support have been futile; they dish out vague responses and seem det...
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