Topic: KUCOIN Scam??? (Read 1160 times)
Obviously, this is a strategy of exchanges they are manipulating the market even using the bot or their personnel for people to get some fees and make the trading goes on. Ive seen this before on poloniex, bittrex and other big exchanges.
I've been using Kucoin to trade NEBLIO a few days now. Since last night it seems they have started faking trades to push the price/volume up.
Don't believe me? Try this..
Goto NEBL/ETH on Kucoin
Put in a buy order of 1 higher than the top buy order, eg if top buy order is 0.013117 you put yours at 0.013118
Within a minute there will be two trades completed 1 higher than yours at 0.013119, one will be double figures like 45nebls worth and one triple figures like 110 Nebls worth
The completed trades seem completely fake and always follow the same pattern. Don't worry your trade shouldn't go through as there will be no real buyers for yours.
Don't believe me? Try this..
Goto NEBL/ETH on Kucoin
Put in a buy order of 1 higher than the top buy order, eg if top buy order is 0.013117 you put yours at 0.013118
Within a minute there will be two trades completed 1 higher than yours at 0.013119, one will be double figures like 45nebls worth and one triple figures like 110 Nebls worth
The completed trades seem completely fake and always follow the same pattern. Don't worry your trade shouldn't go through as there will be no real buyers for yours.
No man I don't think so. I haven't try this yet. One of my friend doing trading from this exchange. He doesn't face any difficulties from here. Also he suggest me to use this exchange. So I am going to use this.
I can not withdraw money from there today. The whole day they say that technical problems 
this exchange is too large and serious. It can not be a scam in any way. A variety of bugs are also on exchanges. (not just your case)
I have seen that on bittrex, binance and poloniex too... bot's are everywhere, get use to it...
even if they do this on purporse, that doesn't count, because the price will still be about the same, even if they do that.
I know that such trading bots exist and usually bring benefits. But I still do not understand how to use them. even if they do this on purporse, that doesn't count, because the price will still be about the same, even if they do that.
Kucoin and other exchanges have a serious problem: the problem of false trading volume.
These exchanges treat us as fools, and when we hang up a sales order, they immediately have a sale price below us, which sounds very funny.
most exchanges are like this, they use robot to trade which will increase the trading volume, its very common since if there are no robots, the real volume will be very low and the data will be very terrible These exchanges treat us as fools, and when we hang up a sales order, they immediately have a sale price below us, which sounds very funny.
I have seen that on bittrex, binance and poloniex too... bot's are everywhere, get use to it...
even if they do this on purporse, that doesn't count, because the price will still be about the same, even if they do that.
even if they do this on purporse, that doesn't count, because the price will still be about the same, even if they do that.
my coin withdraw from unknown ip address. almost 0.1 btc coin been stolen.don't know how can it possible had api also google 2fa still i didn't knew they stolen my coin i see it in withdraw support team didn't help a lot's even they were busy for normal talk and all. must say really worst experience ever from kucoin now really doubt about their security. i think their security been compromise.
I've used KuCoin many times and never had a problem with it.
im using kucoin for trading because bittrex dont accept newbies for the past month, thats why i dicided to use kucoin for now, so far i dont have any problem with kucoin, and hoping everything gonna be ok. 
Somehow Kucoin can't handle the withdrawals of ERC tokens.
It has now been 18 hours waiting for the tokens. The withdraw in kucoin says, complete. the TX hash does not exist. (ETH is correct)
support is not responsive.
For me this was a test but i will not put any funds in Kucoin anymore. Together with the fake volumes they are creating and reporting to CMC, Kucoin is a big red flag for me.
This has already happened to me, but everything went well and I was able to get ETH, but for some reason I forgot about it and today again sent a coin there. The transaction has already received more than 2000 confirmations, but the coin did not arrive at the balance sheet. The tech-support writes about the heavy load on the system and promises to fix everything in a few hours. It has now been 18 hours waiting for the tokens. The withdraw in kucoin says, complete. the TX hash does not exist. (ETH is correct)
support is not responsive.
For me this was a test but i will not put any funds in Kucoin anymore. Together with the fake volumes they are creating and reporting to CMC, Kucoin is a big red flag for me.
Thank you for sharing, although Kucoin has the problem of false trading volume, but other exchanges have similar problems.
Even as Binance Hitbtc such exchanges, I also often can see a false trade order, this can lead to our errors in judgment, so I think there may be rules to limit their future.
Even as Binance Hitbtc such exchanges, I also often can see a false trade order, this can lead to our errors in judgment, so I think there may be rules to limit their future.
This is true, i heard about that they are manipulating all the coins that are on there, that is the main reason of why those coins who are in there are the only ones who are not increasing.
They are manipulated, and they are in compliance with all the shitty exchanges of Japan.
They are manipulated, and they are in compliance with all the shitty exchanges of Japan.
Thanks for the information but I dont think it is only about kucoin. similar situation happens in most of the major exchanges. They manipulate the prices and tradings by bots. It is a very known fact.
Thanks for the information but I dont think it is only about kucoin. similar situation happens in most of the major exchanges. They manipulate the prices and tradings by bots. It is a very known fact.
KuCoin maybe new but its growing massively everydau ive been using it for about 3months and i dont faced any problem with it.
Im using KuCoin as my secondary exchange,i can confirm its not a scam,it might be a new exchange but its getting more popular and is growing massively everyday,maybe you just had a bad day,most of the big players usually uses these trading bots,you will find these bots in exchanges like bittrex but i doubt if there is already a bot to a new exchange like KuCoin.
This is a very normal phenomenon, because other exchanges have similar brush volume problem, although it will hinder us to judge altcoin prices, but does not affect our tokens are sold, we can only be sold at a low price.
I never used Kucoin before. But it seems normal to me. That is how trading platform works. But that issue wouldn't happen if you trade in some dex exchanges.
I know Kucoin has been focusing elsewhere so they have been running a little behind in their rewards. I've seen the rewards are coming a couple days late. They've been trying to distance themselves from Kubi. They tweeted about it earlier today.
Not giving dividends for owning Kucoin ---> not honoring referral contracts ---> freezing withdrawals ---> lying ---> cheating ---> but it might not be a scam so keep retweeting for your chance to win a brand new Porche! This exchange is scammy as hell! BEWARE OF KUCOIN!
Jump to: