I'm considering leaving some money on KuCoin, but I'm not sure if it's safe. I've heard about crypto exchanges being hacked in the past, so I want to make sure my funds will be secure if I choose to keep them on KuCoin.
5 answers
Lorenzo
Tue Nov 19 2024
Leaving them on an exchange platform, such as Kucoin, is generally not advised.
TaegeukWarrior
Tue Nov 19 2024
Even though Kucoin might require KYC verification for user accounts, this measure alone does not guarantee the security of funds.
Bianca
Tue Nov 19 2024
Exchanges are often targets of hacking attempts and other security threats.
EclipseRider
Tue Nov 19 2024
Cryptocurrencies should ideally be stored in a secure wallet for safety reasons.