Beware of Buying KuCoin (KCS)
The exchange decreases in volume daily from their highs. Currently less than 100mil down from 350mil.
Their support is terrible, non-existant
They removed the referral program, even though it was in the whitepaper. Big red flag
Every other exchange eth withdraws work fine, they still having a lot of trouble.
They keep listing shitcoins but don't address all of the outstanding issues. Makes me think they are taking listing fees to keep afloat.
They are days behind on making KCS dividend payouts - another big red flag.
They are chinese and have a virtual address in hong kong. Most of the business is still being conducted in China and not the virtual office. China could shut them down any day.
A coin forked a few weeks ago and they promised to give the new coin to holders....still haven't big red flag.
Their kcs dividends are going down based on volume in 2 months (if they are still around)
Buy into KCS at your own risk.
Agreed. I was a big believer in KCS from when I bought in under $1 up until the big dip that just happened, when all the sudden they pulled the referral program out from under us. As soon as that happened, I traded half of mine for NEO and ETH and got as much as I could off of KuCoin. It completely made me lose trust in the exchange. I'm still holding some for the moment in case it recovers and making some dividends in the meanwhile, but I'm chipping away at it gradually.
vincentb upvote/follow/comment/repeat
They still have their invitation bonus. They just moved on the panel on the left side vs on the top tabs. Really confusing.. but yes it is still there!
My only issue with KCS divdends... you get a lot of shitcoins.
Not only do you get a lot of shitcoins, you no longer can refer new people.... so you get people previously referred, but all the effort of posting ref links is now wasted since I didn't get many yet.
Unfortunately I've earned nothing from my KCS in weeks.
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