Is KuCoin safe?
KuCoin is not scored yet: 0 of 6 factors have a sourced fact, and a score needs 4. Nothing below is estimated.
Each factor, with its source
Points earned, what was found, and where it was found. “Not counted” means there is no sourced fact yet.
- Proof of reserves– / 30No sourced fact yet — not counted
- Hacks and losses– / 20No sourced fact yet — not counted
- Licences– / 20No sourced fact yet — not counted
- Track record– / 10No sourced fact yet — not counted
- Outflows (7 days)– / 10No sourced fact yet — not counted
- Withdrawal pauses– / 10No sourced fact yet — not counted
Reserves
KuCoin is not in DefiLlama’s list of exchanges with published wallets, or the list has not answered yet. No reserve figure is shown rather than a guessed one.
Licences
No licence on record yet. That can mean none exists or that it has not been checked — the matrix on the home page says which.
Hacks and losses
The hacks list has not answered yet.
What if KuCoin is hacked?
No user-protection fund is on record for KuCoin yet. Even where one exists, it is a promise by the exchange, not deposit insurance.
- Keep only what you are trading on any exchange.
- Hold the rest in a wallet whose keys you control.
- If withdrawals pause, do not deposit more, and ignore anyone offering “recovery”.
Incident alerts on Telegram
When an exchange pauses withdrawals, reports a hack or publishes a new reserve report, the channel posts it with the source. The two messages below show the format only.
The alerts channel opens soon.