Is KuCoin-NZ.com Legit or a Scam?
Kucoin-NZ is not considered a reliable broker due to its lack of regulation from a reputable financial authority. It has been advertised on various platforms as an attractive investment opportunity.
When considering this provider, it is important to prioritize security. It is recommended to only open accounts with brokers regulated by top-tier regulators for a safer investment experience. The Broker Chooser website reviews only brokers that meet these strict regulatory requirements.
What is KuCoin-NZ.com?
According to Kucoin-NZ reviews, it is a cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies and futures and P2P. It offers low trading fees and facilitates cryptocurrency trading.
However, it needs U.S. licensing, making it more appealing to American users. KuCoin is popular in New Zealand, but traders often inquire about its safety and legality before exchanging. KuCoin-NZ reviews show it is a scam.
Details About KuCoin-NZ
Regulated by: | Unregulated Offshore Broker |
Is This Company Safe? | The Absence of a license makes it unsafe |
Know Websites: | http://kucoin-nz.com |
Have Warnings From: | N/A |
Registered In: | Seychelles |
Operating Since: | September 15, 2017 |
Trading Platforms: | P2P |
Minimum Deposit: | $5 to $5000 |
Deposit Bonus: | USDT and coupons, worth up to 700 USDT. |
Trading Assets: | BTC, ETH, KCS, SHIB, DOGE, Gari |
How to Withdraw from This Company? | Better contact our legal services. |
Arivaexchange.com Reviews about its Deposits and Withdrawals
The deposit amount per trade must be between $5 and USD 5,000. Users can withdraw a maximum of 1 BTC daily with a KYC1 KuCoin-NZ.com account. With a KYC2 account, the withdrawal limit is raised to 300 BTC. Currently, KuCoin only deals with cryptocurrency trading and does not support crypto to-fiat withdrawals. This may be an indicator of the KuCoin-NZ scam many investors are warned of.
Account Types:
- Funding Account
- Trading Account
- Margin Account
- Futures Account
- Finance Account
Red Flags and Warning Signs:
As per the KucoinNZ review, it clearly shows that the lack of regulation is concerning as it suggests potential risks. The user interface is cluttered and difficult to navigate, which may be overwhelming for beginners looking to make long-term crypto investments.
It’s important to note that KuCoin.com is not licensed or regulated in the US, meaning that US residents are prohibited from using the exchange due to its offshore base and lack of licensing or regulation within the country.
Read our carefully selected list of 100 top-regulated brokers to make Safe investment decisions in legitimate companies.
Customer Complaints and Negative
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FAQs:
Does KuCoin work in New Zealand?
Yes, according to KucoinNZ reviews, it operates in New Zealand. It offers a comprehensive trading experience for New Zealand traders. The platform features a wide range of altcoins, totaling 691+. This extensive list of options is one of the main reasons users are attracted to KuCoin. It provides them with the opportunity to trade diverse digital assets.
Is KuCoin legal in the UK?
Kucoin-NZ has many UK users. However, the Financial Conduct Authority (FCA) does not regulate the company.
Which country is KuCoin-NZ.com based?
KuCoin Exchange is based in Seychelles. It was founded in 2013 by Michael Gan, Eric Don, Top Lan, Kent Li, John Lee, Jack Zhu, and Linda Lin. The cryptocurrency exchange, “The People’s Exchange,” officially launched on September 15, 2017.
