Since ETN is traded on kucoin there are some annoyances recently added to kucoin.
You must add 3 answers to 3 security questions on kucoin.
Then, when you withdraw your coins from kucoin you have to:
- input 2 factor authentication code
- input an answer for one of 3 security questions
- read your email and confirm the withdraw.
This kind of sucks, in order to do one thing you must do 4 other things (the three of them I've mentioned and of course the 4th is to login to kucoin.
I never saw anywhere else such thing. Everywhere it is two factor auth: login and then choose between: 2fa, email confirmation or a pin code.
That's not annoying they do that to secure their client. Also, almost all the trading sites will require you said above.
Unlike Japanese or Korean exchanges, where the Korean phone number is required, this is not a problem.
In theory it is not a problem.
But in practice, this is very annoying. And it is not just that. To do trade, every two hours you must use 2fa again. To login you must agree every time to 5 things:
https://i.imgur.com/LlMwWIk.pngIsn't that crazy?
More time you spent on those "security" things than on doing trading.
It is weird tho that ppl do not understand that the greater security risk is from bad code on exchange that make the attacker go directly without any user account auth.
Ok so you all need all those security "features". Well maybe you have 100 bitcoins on your account and you are scared somebody will steal those. Ok but let the other configure their account and disable some of those security features. Maybe I have 0.001 btc on my account and I just want to learn trading. Let me just use login authentication on
my assumed risk.
