Kucoin & Unlicensed Status

​

Kucoin is ranked among the top cryptocurrency exchanges in the world. Although, Kucoin is not licensed in the United States. Of course, the platform offers standard security measures like identity verification, trading passwords, and anti-phishing phrases, people in the U.S. can complete KYC verification.​

​

​

How can It impact the security of our account and our crypto? Is there any good alternative for it?​

 

[DavidDeFi]

that's a valid concern you raise! It's important to make sure your crypto exchange is secure and trustworthy.

while Kucoin may not be licensed in the US, they do offer standard security measures like identity verification, trading passwords, and anti-phishing phrases. However, if you're looking for an alternative, there are several other reputable exchanges that are licensed in the US, such as Coinbase, Kraken, and Gemini.

when it comes to securing your crypto, it's always recommended to use best practices like two-factor authentication, strong passwords, and keeping your funds in a secure wallet.

 

[Andrea]

Very informative and practical. Thank you for this.