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Author Topic: I think I should investigate KuCoin  (Read 97 times)
Jet Cash
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July 02, 2019, 06:36:47 AM
 #1

They seem to be making a few changes at the moment, and that could start to increase interest. I don't know much about the service, does anybody here use it?
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July 02, 2019, 09:36:42 PM
Merited by Jet Cash (2)
 #2

I first knew about this exchange from a guy I traded with in Wallapop (not sure you yanks have it; so it's basically an app to buy and sell stuff to people near you). I bought something from him and paid with BTCBTC; and while the tx got confirmed; we had some "deep talk" about "gpu mining" "altcoins" and "ways to make money yout of BTC with 0 effort". HIs ideas were a bit floppy to me; but since I was the buyer and wanted a nice review; I was all nice Smiley

In the middle of this petty talk; he mentioned Kucoin to me; because he had just won a telegram contest from them and the prize was a Ledger nano S! He the proceeded to spam me about the exchange, how I should be joining the telegram for the monthly contests,....

I was kind enough to ignore him; but a couple of days ago I saw Kucoin on some thread and decided to dig a bit. It looks nice enough to be an exchange (reminds me a lot to Etherdelta); has OTC market, aaand as far as I know; they have their own token that if kept inside the exchange; you get paid on daily basis (I think); so basically their own POS shitcoin (right me if I'm wrong here please).

That's pretty much what I can tell about Kucoin; since I have personally not made any trades there yet (and I don't thin I will, since it'd be another place to do KYC)


Shitty point: they do not support DOGE markets  Cry
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July 11, 2019, 09:37:56 PM
Merited by Jet Cash (2)
 #3

I've been trading at Kucoin for the last couple of years. Within this big time period, I didn't face any problems or issues as far as I can recall; withdrawals/deposits all processed on time. Moreover, I've noticed that a lot of projects made their appearance first at Kucoin before getting to Binance. I used to trade SelfKey (KEY), DENT (DENT), XRB (Raiblocks, now NANO), etc at Kucoin till they got listed at Binance.

HOWEVER, I lessened my Kucoin's use after reading this warning (posted back in August 2018):

WARNING: KuCoin’s Hong Kong office is empty. Be extremely cautious about depositing money into this exchange. (Proof Photos Attached)

https://medium.com/@jacksonwong2244/warning-kucoins-hong-kong-office-is-empty-29b5cee66f36

Kucoin did come up with some nice explanation in reply to this warning:

The Clarifications on KuCoin Office Locations

https://news.kucoin.com/en/the-clarifications-on-kucoin-office-locations/

I still do sometimes trade there (and all that goes smoothly), but usually don't leave even a bit of my funds there anymore.
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July 14, 2019, 11:02:41 AM
 #4

does anybody here use it?
I'm using it. Since 04 April 2019 I have a verified account there (proof).
There's never been a problem, everything's workin' fine. However, I trade there pretty rarely.
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July 18, 2019, 12:49:34 AM
 #5

I use it for some time already, because in 2017 I joined a few ICO which were listed there (it was the best exchange available for those coins).

Also, recently I traded some of those shitcoins to GRIN, which also is traded there.
As I didn't study about GRIN yet, and I don't know how to operate their wallet software, I am holding my GRIN coins at Kucoin exchange. It is a small amount of money, and I will probably move it from there soon, I am just lazy now to learn how to use a GRIN wallet.

As far as I have used, I have no complains about Kucoin, which always looked like a nice exchange. I know I shouldn't trust any exchange.
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