Do You Know About Kucoin Token? Is Kucoin Scam?

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Mrcoin

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Experienced cryptocurrency traders can get the most out of KuCoin's advanced features, low fees, and wide range of coins. You might wonder if Kucoin could be safe or scam? Read our full KuCoin review to find out if you should start to invest.

Launched in Hong Kong in August 2017, KuCoin is a well-known name in the crypto industry as its rich feature set and low fees could make it a compelling choice for advanced crypto investors. The platform aims to give people all over the world access to a simple and safe platform to trade a huge range of 600+ cryptocurrencies. It has certainly made an impact on the global crypto community, growing its user base to over 11 million in just 5 years, and serving one in four crypto holders worldwide.

KuCoin suffered from a security breach in 2020

However, KuCoin suffered from a major hack in 2020. Hackers stole over $280 million worth of crypto from users’ hot wallets. Fortunately, the assets were covered by an insurance fund, but a security breach of this magnitude is still concerning.

Complaints about KuCoin

KuCoin receives poor marks overall from its users, and it has an average of just 1.8 out of 5 stars across nearly 800 Trustpilot reviews. Several negative reviews report problems with customer support, the withdrawal process, and making deposits.

Others accuse KuCoin of market manipulation and say their assets randomly disappeared from their accounts, which is especially concerning. Despite the negative feedback, some reviewers did have positive things to say about KuCoin’s low fees and wide selection of cryptocurrencies.

KuCoin has been a popular project by having over 11 million users however, there are some drawbacks to be aware of as well. KuCoin was recently the subject of a major hack and had a lot of bad reviews on Trustpilot. What do you think about KuCoin? Do you think it is scam or legit? We are looking forward to hearing from you so we can start to discuss. Thanks for reading!
 

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