Stoppage of Business

Score

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/10

KB

Singapore

|

Stoppage of Business

2-5 years|

Suspicious Regulatory License|

High potential risk

https://www.kbcoin.top/

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Contact
KB
KBcoin@yeah.net
https://www.kbcoin.top/
Influence
E

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

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Company Name
KB
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Customer Service Email Address
KBcoin@yeah.net

WikiBit Risk Alerts

2
Previous Detection 2024-11-21

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Aspect Information
Company Name KB
Registered Country/Area South Korea
Founded year 2018
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available Over 100
Fees Token price:0.0002USD
Payment Methods Credit card, Debit cardbank transfer
Customer Support 24/7 live chat, email support

Overview of KB

KB, established in 2018, is a cryptocurrency platform based in South Korea. Despite being a relatively young entrant in the crypto market, KB boasts a diverse selection of over 100 digital currencies available for trading. The platform operates under an unregulated framework, which means potential users should be diligent when considering its services. A standout feature for traders is the token price, set at an enticing 0.0002USD. KB prioritizes convenience for its users, accepting a myriad of payment methods including credit cards, debit cards, and bank transfers. For any concerns or queries, the platform provides round-the-clock assistance through their 24/7 live chat and email support channels, ensuring users always have a helping hand available.

Overview

Pros and cons

Pros Cons
Diverse Cryptocurrency Selection Unregulated Platform
Competitive Token Price Young Market Player
Multiple Payment Methods Lack of Phone Support
Responsive Customer Support Potential Geographical Limitations

Pros:

  • Diverse Cryptocurrency Selection: With over 100 digital currencies available, KB offers traders a wide array of options, allowing for diversified portfolios and greater investment opportunities.

  • Competitive Token Price: The token price set at 0.0002USD can be enticing for traders, potentially offering a low entry point for investments.

  • Multiple Payment Methods: KB supports various payment methods, including credit cards, debit cards, and bank transfers, providing flexibility and convenience for its users.

  • Responsive Customer Support: With 24/7 live chat and email support, KB ensures that users have continuous access to assistance, enhancing user experience and trust.

  • Cons:

    • Unregulated Platform: Operating without regulatory oversight can pose risks for users, as there might be a lack of certain protections and standards typical of regulated platforms.

    • Young Market Player: Founded in 2018, KB might not have the same level of experience or established reputation as some older cryptocurrency platforms.

    • Lack of Phone Support: While they offer live chat and email, the absence of phone support might deter users who prefer more direct and immediate communication.

    • Potential Geographical Limitations: Being based in South Korea, there might be restrictions or limitations for users from certain countries, potentially affecting its global reach.

    • Regulatory Authority

      KB operates under an unregulated framework. This means that the platform doesn't currently adhere to or is not overseen by any specific financial regulatory authority or standards typical of regulated entities. While many cryptocurrency platforms around the world are beginning to seek regulation to enhance user trust and security, KB remains outside of this circle for now.

      Unregulated platforms can offer a degree of flexibility in their operations and might sometimes provide unique features or benefits that regulated platforms don't. However, it also means that users may not have the same level of protection or recourse in the event of disputes or issues. Prospective users of KB should exercise diligence, be aware of the potential risks, and make informed decisions when considering using unregulated platforms. Always prioritize understanding the platform's operational transparency, security measures, and user reviews when making such decisions.

      Security

      KB places utmost importance on the security of its users and has integrated multiple safeguards to protect their assets and personal information.

      • Segregation of Funds: KB ensures that client funds are stored in distinct bank accounts, separate from the company's operational funds. This practice safeguards users' assets, ensuring they aren't utilized for the platform's day-to-day operations.

      • SSL Encryption: To guarantee the safety of user data, the KB platform employs SSL (Secure Socket Layer) encryption. This makes certain that all data communication between the user and the platform is encrypted and shielded from unauthorized access.

      • Two-Factor Authentication: Recognizing the importance of account security, KB offers two-factor authentication (2FA) for user accounts. This security measure necessitates both a password and a second verification step, typically a code or a physical device, ensuring a heightened level of protection against unauthorized access.

      • Advanced Trading Safeguards: KB offers an assortment of trading safeguards like automated trading limits and periodic account reviews to assist users in managing their cryptocurrency portfolios responsibly.

      • For optimal security, KB advises users to adopt best practices such as setting strong, unique passwords, enabling 2FA, and routinely updating and securing their personal devices.

        Cryptocurrencies Available

        KB offers over 100 different cryptocurrencies for trading. This provides users with a wide range of options to choose from and allows them to diversify their portfolios. Some of the cryptocurrencies available on KB may include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others.

        In addition to cryptocurrency trading, KB also offers other products or services. These may include features such as margin trading, futures trading, or lending services. However, it's important to note that the specific products and services offered by KB may vary, and it is advisable to refer to the exchange's website or contact customer support for the most up-to-date information on available products and services.

        Cryptocurrencies Available

        How to open an account?

        The registration process for KB can be completed in six simple steps. First, visit the KB website and click on the “Sign Up” button. Next, enter your email address and create a strong password for your account. After that, you will receive a verification email. Click on the verification link in the email to confirm your email address. Once your email is verified, provide your personal information, such as your name and date of birth. Finally, review and accept the terms and conditions, and click on the “Register” button to complete the registration process.

        Fees

        • Token Price: The primary cost associated with trading on KB is the token price, which is currently set at 0.0002USD. This price represents the value of the platform's native token and could be an essential consideration for traders involved in buying or selling this particular token.

        • Trading Fees: KB might charge a fee for trading, which can be a percentage of the traded amount or a fixed fee per trade. This information varies depending on the transaction amount, so users should refer to KB's official website or contact their customer support for specific details.

        Payment Methods

        KB supports a variety of payment methods, ensuring flexibility and convenience for its users. Traders can utilize the following methods to facilitate their transactions on the platform:

        • Credit Card: KB allows users to make deposits and withdrawals using credit cards. This method provides instant access to funds, making it suitable for those looking to quickly capitalize on market opportunities.

        • Debit Card: Similar to credit cards, debit cards are also supported by KB. They offer a direct link to the user's bank account, ensuring smooth transactions without the need for additional transfer steps.

        • Bank Transfer: For those who prefer traditional banking methods, KB offers the option of bank transfers. While this method might be slightly slower than card transactions, it can be more suitable for larger transfers due to higher limits and perceived security.

        Regarding fees:

        • Deposit Fees: KB ensures a user-friendly experience by not charging any fees on deposits, regardless of the payment method chosen.

        • Withdrawal Fees: Users will be pleased to know that KB also refrains from charging any fees for withdrawals. This no-fee structure for both deposits and withdrawals can make trading on KB more cost-effective, especially for frequent traders.

        However, it's always essential to note that while KB may not charge fees for these transactions, individual banks or credit card providers might have their own set of charges.

        Customer support

        KB is committed to providing top-tier customer service to address user queries and concerns. The primary point of interaction for support is through their official website, https://www.kbcoin.top/. Here, users can access a range of resources, FAQs, and other essential information to guide them through any issues they might encounter. For direct inquiries or more personalized assistance, customers can reach out via email at KBcoin@yeah.net. The KB support team is dedicated to timely and effective communication, ensuring users receive the assistance they need as smoothly and efficiently as possible. It's always recommended to go through the website's FAQ or help section first, as many common queries are addressed there, saving users time.

        Is KB a Good Exchange for You?

        Based on its wide selection of cryptocurrencies,KB is suitable for various trading groups.

        • Novice Crypto Enthusiasts: Given its user-friendly interface and a plethora of educational resources, KB is an ideal platform for individuals who are new to the world of cryptocurrency trading. The platform provides an easy-to-navigate environment that helps beginners understand the intricacies of crypto trading without feeling overwhelmed.

        • High-Volume Traders: With support for over 100 cryptocurrencies and advanced trading features, KB caters to seasoned traders who handle significant trading volumes daily. The platform's efficient transaction processing and potentially competitive fees make it appealing for these traders to manage their portfolios and maximize profits.

        • Diversified Asset Traders: For traders interested in a diverse portfolio, KB is a fitting choice due to its extensive list of available cryptocurrencies. These traders, always on the lookout for emerging coins or unique trading pairs, will find KB's offerings expansive and in line with their diversification strategies.

        • Is KB a Good Exchange for You?

          Conclusion

          In conclusion, KB, established in 2018 and headquartered in South Korea, emerges as a notable player in the cryptocurrency trading landscape. With support for an extensive array of over 100 cryptocurrencies, it caters to both novice and seasoned traders alike. While the platform operates unregulated, its user-friendly interface, diverse trading options, and commitment to efficient customer service solidify its position as a preferred choice for many in the crypto community. The platform's transparent fee structure and multiple payment options further enhance its appeal to a broad spectrum of traders.

          FAQs

          Q: Is KB a regulated platform?

          A:No, KB operates unregulated. However, users are always advised to conduct their own research and exercise caution when trading on any platform.

          Q: What are the customer support options available on KB?

          A: KB offers 24/7 customer support to assist traders with any questions or concerns they may have. Traders can reach out to customer support through various channels, such as email, live cha.

          Q: Can I withdraw my funds from KB at any time?

          A: Yes, traders can withdraw their funds from KB at any time, subject to withdrawal limits and any applicable fees. Traders should refer to the withdrawal process outlined on the KB website or contact customer support for more information.

          Q: What are the payment methods supported by KB?

          A: KB supports credit cards, debit cards, and bank transfers for both deposits and withdrawals. Notably, there are no fees associated with these transactions on KB's side.

          Q: How many cryptocurrencies does KB support?

          A: KB offers trading options for over 100 cryptocurrencies, making it a diverse platform suitable for traders looking to diversify their portfolios.

          User Review

          User 1: I've been using KB crypto exchange for a few months now and I'm really impressed with their security measures. They prioritize user safety and have implemented various security measures to protect against unauthorized access. I also appreciate the fact that they are regulated by the US Securities and Exchange Commission, which gives me added trust in the platform. The interface is user-friendly and intuitive, making it easy for me to navigate and execute trades. The only downside I've experienced is that the liquidity can be a bit low for some less popular cryptocurrencies, but overall, I'm satisfied with KB's service.

          User 2: I've been trading on KB crypto exchange for a while and the customer support has been exceptional. They offer 24/7 customer support, which is great because I can reach out anytime I have a question or concern. The response time is quick and the support team is knowledgeable and helpful. However, I find the trading fees to be relatively high compared to other exchanges. While the variety of cryptocurrencies available is impressive, the deposit and withdrawal speeds can sometimes be slower than expected. Overall, I find KB to be stable and reliable, but they could work on improving the fees and transaction speeds.

          Risk Warning

          Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.