How does Kucoin handle reserved assets?

3 answers

• Bálint HorváthJun 11, 2020 · 5 years ago
  Kucoin handles reserved assets by implementing a multi-layered security system. Firstly, they store the majority of user funds in cold wallets, which are offline and less susceptible to hacking. Additionally, Kucoin employs strict KYC (Know Your Customer) procedures to ensure the legitimacy of users and prevent unauthorized access. Lastly, they regularly conduct security audits and penetration tests to identify and address any vulnerabilities in their system. Overall, Kucoin prioritizes the security and protection of reserved assets to provide users with a safe trading environment.
  589

  295
• EthenYangDec 20, 2023 · a year ago
  When it comes to reserved assets, Kucoin takes security very seriously. They use a combination of offline cold storage and advanced security measures to protect user funds. This includes encryption, two-factor authentication, and regular security audits. By keeping the majority of funds offline, Kucoin minimizes the risk of hacking and unauthorized access. So you can rest assured that your reserved assets are in safe hands on the Kucoin platform.
  450

  150
• MD HanifJun 14, 2024 · a year ago
  As an expert in the field, I can confidently say that Kucoin is one of the most secure exchanges when it comes to handling reserved assets. They have a robust security infrastructure in place, including cold storage, encryption, and regular security audits. Kucoin prioritizes the protection of user funds and has a strong track record in terms of security. So if you're concerned about the safety of your reserved assets, Kucoin is definitely a reliable choice.
  462

  116