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Topic: Kucoin NOT a scam - beware trading password though - page 2. (Read 287 times)

legendary
Activity: 3458
Merit: 6948
Top Crypto Casino
There is a "trading password" (I must have confused it with normal 2FA because I have no idea what it is) they put on my account.
Yeah, that's one of the few idiotic features of Kucoin, which I wish they'd just get rid of (having separate main and trading accounts is another).  If I'm not mistaken, though, you must have set up a trading password when you registered your account, and I don't think they would have just assigned one to you.  Do you remember entering anything like that?  I forgot it once when I hadn't logged in for a long time, but I was able to recall it eventually.

I have done this THREE TIMES and every time I receive a form letter telling me it is wrong and they will not let me change the password.  They never say WHAT is wrong, just that it is incorrect.
Not having a good enough pic has also happened to me on multiple exchanges that I tried to register on, and I think the pic you send these places has to be of such high resolution that you'd need a super-duper-high-def camera just to satisfy them.  It's bloody ridiculous if you ask me--but I'm surprised that Kucoin is asking for that, since they're one of the very few exchanges that's basically non-KYC.  Maybe it's different because of where you live, but I doubt it.

Don't give up, because Kucoin has pretty decent customer service and most issues can be resolved without much hassle.  Read what Potato Chips quoted and try going that route or something similar.  Hopefully Kucoin will be flexible.
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
It happens. Most centralized exchanges are using identity verification software which is nowhere near accurate. (This has been discussed in: Frustration with third party KYC services in crypto platforms) I don't think they're straight up scamming you.

I suggest trying this. They had the same problem as you

I reached out to the support team, and after I made it clear that I won't be sending my personal documents, they asked me for screenshots for the assets overview, trading, and deposit/withdrawal history pages. My account got unlocked shortly after I sent the screenshots and I managed to withdraw the funds without any issues.
newbie
Activity: 9
Merit: 5
Thankfully they are honest - read for details, don't forget your trading password unless you want a real hassle.

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I deposited some XMR to convert to Bitcoin on KUCOIN last night.

Everything went OK until I tried to withdraw.  There is a "trading password" (I must have confused it with normal 2FA because I have no idea what it is) they put on my account.

Before I can withdraw, I must change the "trading password."

To change the "trading password" you are supposed to send them a photo of the front and back of a government ID, along with a photo of you holding the ID along with their code, the date, and your signature.

I have done this THREE TIMES and every time I receive a form letter telling me it is wrong and they will not let me change the password.  They never say WHAT is wrong, just that it is incorrect.

This is obviously just a way to steal from people.  

Stay away from this exchange, it's horrible.
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