Kucoin

Is Kucoin A Decentralized Exchange?

No, Kucoin is not a decentralized exchange. It is a centralized exchange that is controlled by a team that manages the order books, trading mechanisms, and user accounts.

It is like other crypto exchanges such as Coinbase, Binance, Huobi Global, and more.

Does Kucoin Have A Decentralized Wallet?

Yes, Kucoin has launched a Decentralized wallet which is called Halo Wallet.

The Halo wallet allows you to buy crypto easily and simply.

It also enables you to swap tokens on multiple chains at the best rates.

Just like Binance has a Trust wallet. Kucoin now has its decentralized wallet that is under your control.

Is Kucoin Safe To Use In Us?

This is the question that is often asked and searched on Google.

The short answer is no.

It is not safe to use Kucoin in the US.

Why?

The Kucoin exchange does not have a license to operate in the United States.

That is why it is so risky to use Kucoin in the US.

Your funds are at risk and not safe.

If something happens to your funds, no one in the government will support you to get them back.

Crypto is a check-check-check game.

Sometimes, we are just tired of seeing the white screen. So it becomes necessary to enable the dark mode.

In this article, I will show you how to enable dark mode in Kucoin.

How To Enable The Dark Mode In Kucoin On a PC?

To enable dark mode in Kucoin, you just need to follow the following steps.

Step 1- Log In To Kucoin Account

The first step is to log in to your kucoin account or create one here.

Step 2- Click On Trade

Now you have logged in to your Kucoin account. The next step is to go to trade.

Step 3- Click On Night mode (Moon)

After going to the trade window, go to the upper right corner where you will find the night mode symbol (moon) as I have shown in the image below.

Just click on it to turn on the dark mode in Kucoin.

You can also switch back to the light mode by clicking again on this button like the image below.

How To Enable The Dark Mode In Kucoin On Mobile?

If you want to enable ‘dark mode‘ in kucoin on mobile, then follow these steps.

Step 1- Log In To Kucoin Account

The first step is to log in to your Kucoin account on your mobile.

Step 2- Click On Profile

Now click on your profile icon.

Step 3- Turn On The Night Mode

After clicking on your profile, you will see the dark mode option next to your profile. Swipe left to turn on the dark mode. See the image below.

You can also switch back to the light mode by swiping the same button to the right side.

Does Kucoin Have A Dark Mode?

Yes, you can enable it easily by clicking on the moon in the trade window.

Also check: How to secure or delete a Kucoin account

Crypto is on the list of hackers.

In 2022, more than 1 billion worth of crypto was hacked.

And 2022 can be called the worst year for cryptocurrencies.

Kucoin is one of the most popular crypto exchanges in the world.

This exchange offers you a wide range of crypto coins that are not listed on other exchanges.

And that is the most significant reason people love using it for altcoin trading.

However, hackers are consistently chasing the exchanges where they can hack millions of dollars.

Certainly, if your Kucoin account has been hacked, you will have to take immediate action to recover your account and the funds stored in Kucoin.

What To Do If Your Kucoin Account Has Been Hacked?

Here’s what you can do immediately if something happens to your funds at Kucoin.

Step 1- Contact Kucoin Support

Contacting Kucoin’s customer support team is the first step as you will want to notify Kucoin as soon as possible that your account has been compromised or hacked.

They will be able to guide you on what to do next.

They will take immediate action required for the safety of your funds.

So the first thing is to inform them as soon as possible.

Step 2- Secure Your Account

If you are still able to access your account, you should immediately do the following steps.

• Change your password and 
• Enable 2-factor authentication

This will help you secure your Kucoin account and the hackers will be prevented from accessing it further.

This will make it difficult for the hackers to steal your funds once you are in action.

Step 3- Monitor Your Account 

The next thing is that you should carefully monitor your account for any unauthorized activity. 

If there is something unusual, you should immediately report Kucoin about this.

Many people don’t check their accounts for a long time which is not right at all.

Checking your account and funds is necessary and you should do it regularly.

Step 4- Keep Track Of Your Recovery Information 

It’s important to keep track of your Kucoin account recovery information such as the email address in case you need to reset it. If so, it will be useful what you have set up. Recover your password or your account.

Step 5- Avoid Asking Unauthorized people For Help

Next thing is that all users go to Reddit to share their problems in the Kucoin Reddit community.

You will surely find a solution to your problem there.

However, be careful because there are a lot of scammers on Reddit.

So you have to keep your information safe and not click on any link provided. 

As these phishing attacks are becoming common on crypto exchanges, do not share your personal or Kucoin account information there.

Kucoin may be able to help you recover your funds.

But this is not guaranteed as they ask you to set up 2-factor authentication and a strong password at the first step. 

That is why it is the user’s responsibility to secure their account information for the safety of the funds.

It is always best to ask the support team for assistance.

Kucoin will take steps if it is not late.

Will Kucoin Refund Me If I Get Hacked?

No, Kucoin will not refund you because it is your responsibility to secure your account with a strong password, and 2-factor authentication.

Kucoin will only assist you if your funds are hacked.

Also check: How to transfer crypto from Kucoin to Coinbase

Looking for how to use Kucoin in New York and find a way to trade the giant list of altcoins available on the platform?

Then I will make it clear that Kucoin does not have a license to operate in new york.

As a result, you will have to trade without KYC.

And if you are still interested in using Kucoin in New York, there is a risky way to do this.

Yes, you can create kucoin account but your account will be at risk if you choose to go on this path.

The only way to use Kucoin in new york and enjoy trading the coin you love is to do it without KYC.

And you know KYC (Know Your Customer) is essential and crucial for crypto users to access all the features of the exchange.

Without KYC, you can withdraw only 1 bitcoin in 24 hours. Also, it limits other features as well.

If you are not KYC verified, you will have access to limited features like withdrawal and fiat limits.

A nonverified user also does not get support from Kucoin if something indecent happens to their assets.

So be careful and aware of what you are trying to do.

Why use Kucoin?

The reason why people are looking to use kucoin is its massive list of supported coins. 

Kucoin supports a large number of coins which is the no.1 reason for its popularity and attraction.

When your favorite coin is not listed on significant famous crypto exchanges like Coinbase or Binance,  then you will definitely find a place where you can buy the coin that you are hopeful for a good profit and see potential in it.

How to Use Kucoin in New York?

To use kucoin in new york, you will need to create an account on this exchange first. 

You need to provide your email address and set a password for your account.

That is it and your account is ready.

Why Kucoin is not allowed In The New york

The reason is that Kucoin does not have a bitlicence from the new york government.

Lawmakers from new york require exchanges to have balance to operate in the state.

The BitLicense is an approval to the exchange for operating in the new york state.

On one hand, this license is limiting the exchanges available to the residents in new york, but also it ensures the security of their funds.

To get the bitlicence from the government, exchanges need to provide FDIC insurance on crypto assets, platform security, and other consumer protections.

For the exchanges that operate in new york, there are protections like FDIC insurance up to 250000 dollars. Which makes you protected if something bad happens to the exchange and its platform.

The BitLicense is on your side and ensures the security of your funds in new york.

How To Deposit Money In Kucoin In New York?

There is only one way to deposit crypto in your kucoin account and that is to transfer crypto from other exchanges.

How To Withdraw Funds from Kucoin In New York?

You can not withdraw funds from kucoin to your bank directly in new york.

But do not worry, here is how to do it.

Withdraw Funds VIa Other Exchange

This is the easiest and cheap way to withdraw funds from kucoin to your bank account. And that is possible by using another exchange.

The first thing is to transfer the crypto from kucoin to an exchange that is linked to your bank account like FTX.

Once you received the crypto in your exchange, convert it to fiat currency and then withdraw it to your bank account.

That is the simple and easy way.

WIthdraw By Using Bitcoin ATMs

Another option for getting your funds out of your kucoin account is using a bitcoin ATM. Bitcoin ATM allows you to send your funds to another account with a bitcoin ATM.

And then finally cash out these funds from the ATM.

However, this method could be costly due to the high fees of bitcoin ATMs.

Do you want to delete your Kucoin Account?

In this article, I will show how to delete your Kucoin account permanently.

However, as a crypto trader, it is great to know all the tricks, And that is why it will help you if you check these articles:

• How to delete a Binance account
• How to delete an Okex account

So let’s dive into the article and check how to delete Kucoin account.

Things To Know Before Deleting Kucoin Account

As a Kucoin user, you must read the following information before deleting your Kcoin account.

• You will be unable to log in and enjoy the trading services of Kucoin.
• You will be unable to use deposit and withdrawal services on Kucoin
• Your APIs will be deleted
• All device information associated with your account will be deleted
• All your trading records will be deleted
• A deleted account cannot be recovered. 
• The email and phone bound to your account will not be eligible to register r bind a different Kucoin account.

How To Delete Kucoin Account?

Follow the step below to delete your Kucoin account.

Step 1- Open Kucoin App

The first step s open and log in to your Kucin app.

Step 2- Click On Profile

After logging in to your Kucoin account, click on the profile icon at the top left corner of the app.

It will show you the account settings.

Step 3- Click On Security

In the account settings, click on security at the bottom of the app. Which will redirect you to the next page.

Step 4- Click On Delete Account

Once you clicked on ‘security’, now you will find the ‘delete account’ option at the bottom of the page.

Click on it and read the reminders carefully that I have written at the beginning of this article.

Kucoin will ask you about the reason for deleting your account.

Choose any reason and click on ‘I agree “ and then click on ‘delete account’ to continue.

Step 5- Confirm 

Now Kucoin will inform you about the balance you have on the account. And also they will ask you again if you are serious about your decision.

Click again on ‘delete’ which will get you to the ‘confirmation’ page.

You need to enter the following information to confirm the deletion of your Kucoin account:

• Enter your trading password
• Email verification code
• 2FA 

After entering these codes, click on ‘done’ to complete the deletion of your account.

Conclusion

Kucoin allows its users to delete their accounts on the Kucoin app.

Just go to security and click on ‘delete account’.

Provide the verification codes and you are done.

The Process is the same on the Kucoin website as well. Follow these steps on the website to delete your Kucoin account on the Kucoin website.