Why hasn’t the withdrawal of Kucoin arrived yet (Is a deposit required for Kucoin withdrawal)?
Why hasn\’t the withdrawal of Kucoin arrived yet? According to the news from Kuco
Why hasn’t the withdrawal of Kucoin arrived yet? According to the news from Kucoin exchange, there have been nearly 200 wallets and over 1 million traders withdrawing from Kucoin. However, from the actual situation, these are indeed small withdrawals (such as Bitcoin transfers) and it also requires waiting until the withdrawal deadline to return to normal state. Therefore, this issue is not mainly caused by insufficient withdrawals, but due to platform reasons.
So, why hasn’t the withdrawal arrived? This is because users are using “recharge” service to receive funds of USDT, BTC, and other cryptocurrencies, and the value of assets received is much higher than the amount or quantity originally paid to users.
Is a deposit required for Kucoin withdrawal?
In the Kucoin withdrawal service, a deposit is required for recharged assets before withdrawal. For accounts holding over 1000 USDT (if needed), please make sure to deposit 200 OKS into Kucoin exchange first and complete the withdrawal process. If users do not have sufficient cryptocurrency wallets or financial strength, they will not be able to withdraw. Additionally, if there is one BTC and 100,000 XRP wanting to be withdrawn from Kucoin, a certain amount of deposit must be submitted to participate in the withdrawal activity.
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