I don't think it's only kucoin that is involved in this kind of poor quality service on their network, i don't often make use of some centralized exchanges that have lesser reputation than Binance, we should know that even Binance is not the safest but still appears the best and most preferred among others, it's not by their names we get the best of them, it's by what they offer that is satisfactory by every user for recommendations.
Do not get this wrong. The KucoinP2P have no transaction fee, just like BinanceP2P which is also CexP2P. What I am just surprised about is that Kucoin can send such email of wire transfer of $80 fee which will use I&E window or CBN rate which is just stupidity when we have CexP2P and P2P.
If this transaction goes through from the bank registered with them. Is it not like telling the government that you’re into crypto and using KuCoin exchange service for that? Although, I don’t know how strict the government is about its crypto regulation if they find a users bank attached to it. Or the bank will see it as just a separate service provided by the exchange and not that the user is into crypto by using the platform for wire transfer.
I think the bank can easily know that it is crypto transaction using wire transfer.
I never see any exchange platforms in Nigeria wey dey customer friendly except Binance and Ramitano all di rest I know their transactions fees are something else. The parallel market is high and even at that people like to use am more than the stock exchange market.
If you use KucoinP2P, it is also like BinanceP2P. There are other centralized exchanges with P2P too. P2P is just the best way to go about this, which is us trading within ourselves.