1 Level
5 Review
1 Karma
Review on KuCoin Shares by Sara Woolnough
As an investor, Kucoin is also an excellent choice for those interested in…
As an investor, Kucoin is also an excellent choice for those interested in Kucoin stock. KCS will appreciate the value if Kucoin becomes more popular. Limited supply of KCS will increase the demand of each KCS. If Kucoin can provide over 10 top currencies, Kucoin's initial investors will be rewarded a lot.
Pros
- Kucoin adheres to industry-standard financial encryption protocol by applying layers of data transmission to store user information and sensitive data, similar to banks. All Kucoin logins, withdrawals and session initiation require the user to enter 2FA, significantly reducing the risk of loss in case the account is "hacked" or opened.
Cons
- Since Kucoin has grown at its speed, it sometimes slows down and congestion. However, this problem is resolved relatively quickly with upgrades that the team is ready to scale appropriately. These upgrades take 30 minutes to several hours and are notified via twitter. Another disadvantage is that Kucoin is vulnerable to bot attacks. Since they do not perform reCAPTCHA authentication to block bots from sending spam requests, attackers who want to slow down Kucoin can implement this method. The fix here will simply be for Kucoin to make that feature in its log.
