KuCoin is one of the most used Cryptocurrency exchanges around the globe. Also known as the people’s exchange, it has steadily growing users; it is used by more than 11 million customers around the globe. It has secured wallets for micro withdrawal, industry-level encryption, and dynamic multi-factor authentication. KuCoin has world-class security measures, which make it the most secure Cryptocurrency exchange and makes it very easy for its users to invest and make profits from multiple Cryptos such as LUNA price ; among others, factors that make it the best are explained below.

KYC Verification

Know your customer, also known as KYC, is presented to the users of the KuCoin, which makes it impossible to commit fraud, money laundering, and terrorist financing from your account, amongst other malicious activities, upon completion the exchange gives you a higher withdrawal rate and participation in multiple services. If you forget your credentials to access the platform or when others take over your account in case of information leaks, the KYC helps in the recovery of your account in a short time.

Locking Your Withdrawal Assets

The KuCoin gives you the feature of Address Book, which can be used as a security measure and allows you to limit the wallet addresses and becomes a convenience after setting your usual withdrawal addresses; your assets become secure and cannot be withdrawn from anywhere else without your say so.

Official Media Verification

KuCoin helps to prevent fraudulent activities by confirming their domain and contact by the KuCoin Official media verification and entering the telephone number, preventing any fraud from happening through any social app. 

Two-Factor Authentication 

Activating two-factor authentication 2FA protects your KuCoin Wallet and Account and Crypto Assets; through KuCoin, You can get any source of updates such as TRX price and its prediction without considering your compromised security.

Through Two-Factor Authentication 2FA, you can get double protection for your assets, Crypto account, and wallet. KuCoin has SMS and Google authentication and gives a convenient and easy process when changing passwords and trading from the KuCoin.

Login IP Restriction   

The smart feature of KuCoin, which helps secure the account and prevent your account’s frequent hacking, activates a defense mechanism for your account. You will log out automatically from your KuCoin account where your IP address changes; there prevents the remote login into your account from any other location with malice and making a transaction of XLM and other investments.

Moving on to the incoming influx of capital will help us understand more about crypto. The developers will work towards more safety of the capital, information, and the client’s privacy. The investors and KuCoin plan to use the web 3.0 KCC, which will be an important aspect for deploying the resources and creating a decentralized ecosystem.

The future value of KCC will tell how well the system of KuCoin worked and if it has worked collaboratively to capture value, will the KCS users have more growth by taking the benefit from the collab as KuCoin moves forward? The KCS will also be behind it. 

KuCoin is also using talent to explore new ways to secure and supply to the users. Their key to the development might be the talent they need and apply it to their app. Users will have an enhanced experience by reducing the trade latency by introducing an improved global strategy or by taking in the best-in-class security.

KuCoin also offers a separate password for trading, among other things; the password is required to make the trades and also while withdrawing assets, which provides a layer of security and it is an uncommon security measure that was taken after 2020

Conclusion 

Thus, we have finally discussed different exchanges. Well, KuCoin being one of the best crypto exchanges has exemplary services and protects its users from any fraud and remote login through any of the popular social networks and is constantly improving daily to remain ahead of the perpetrators; with its improving defense mechanism and performing periodic reviews; it protects the user’s privacy and assets. 

But it also comes down to the user to protect their information and other logins such as pin and verification codes and take the necessary protective measures to ensure the security and privacy of your account are not compromised.