No Regulation

Score

0123456789.01234567890123456789
/10

fucoin

Singapore

|

2-5 years

Suspicious Regulatory License|

High potential risk

https://fucoin.net/home

Website

Rating Index
Contact
fucoin
support@fucoin.net
https://fucoin.net/home
The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
E

Licenses

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

WikiBit Risk Alerts

2
Previous Detection 2024-04-23

The number of the negative comments received by WikiBit have reached 9 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

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

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Company Name
fucoin
Regulatory Status
No Regulation
Company Abbreviation
fucoin
Platform registered country and region
Singapore
Phone of the company
--

User Reviews

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17 ratings

Participate in evaluation
Đen
Scam people. The trick is mainly Chinese hot girl making friends through dating apps like Tinder. Show off earning a few thousand dollars a day. After that, he proposed to invest together to build a common future. If you put money in, you can't take it out.
2023-08-28 00:16
7
kien vu8347
Has anyone met these two people?
2023-08-24 12:48
2
Lê Quang
This one tricked me
2023-07-21 23:41
1
FX3753670
A lady friend added to fb introduced me to this investment app while chatting. There was no problem with recharging, but it was always frozen when withdrawing cash, and then the money was frozen.
2023-06-22 09:44
1
Linkent
This is a scam app.You cannot withdraw money from your account, even if you pay taxes and other deposits. Here is a photo of that platform and the girl who recommended it to me. Be wary.
2023-06-12 21:25
0
Quân7149
fucoin scam cannot withdraw
2023-06-10 16:14
0
Linkent
this is a scam platform, you will not be able to withdraw money.
2023-06-07 13:03
0
Linkent
Fucoin is scam
2023-05-30 08:33
0
Linkent
When withdrawing money, they ask to pay tax, after paying tax, they do not withdraw money but ask for deposit
2023-05-27 11:18
0
Linkent
fucoin scam, can't withdraw money, everyone should be wary
2023-05-27 10:52
0
FX1088492000
The liquidity of fucoin is too poor, many times I want to buy or sell, but I can't place an order, which is really frustrating. The trading fees also make people feel a heavy burden.
2024-02-28 18:46
1
Denny W
Fucoin's got some decent liquidity but dang, the price volatility is something else. Fasten your seatbelts, folks!
2023-09-14 14:25
6
FX1560230067
Great fan of Fucoin! Impressive technology and innovative approach! Fast transactions, low fees. Highly recommend!
2024-02-27 01:57
5
Lê Quang
Don't allow withdrawals, and need to pay 10% tax. After paying it, I still have to pay the devil sign, and delete my account
2023-03-02 12:15
0
Lê Quang
Fucoin scam, do not allow withdrawal, pay 10% tax and still can't withdraw, forced to pay deposit. People should not download the game to avoid being scammed
2023-03-01 01:26
1
Hiểu Minh
Do not allow withdrawal, must pay 10% of personal income tax before withdrawing. withdrawal of principal is also not allowed. account lock
2022-12-16 10:00
0
神经蛙24760
You can only deposit. The customer service rejected the withdrawal.
2021-08-14 00:27
0
Aspect Information
Company Name FuCoin
Registered Country/Area Singapore
Founded Year 2020
Regulation Not regulated
Cryptocurrencies Offered/Available Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC)
Maximum Leverage 1:50
Trading Platforms FuCoin Trading Platform, FuCoin Mobile App
Deposit & Withdrawal Accepted payment methods: Bank transfer, Credit/Debit Card, Cryptocurrency
Educational Resources Comprehensive guides, tutorials, and webinars
Customer Support 24/7 live chat, email support

What is Fucoin?

FuCoin is a virtual currency exchange platform that was founded in 2020 and is based in Singapore. The company is currently not regulated. FuCoin offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Traders on FuCoin can avail a maximum leverage of 1:50.

The platform provides users with two trading platforms, namely the FuCoin Trading Platform and the FuCoin Mobile App, allowing for convenient trading on both desktop and mobile devices. FuCoin supports multiple payment methods for deposit and withdrawal, including bank transfer, credit/debit card, and cryptocurrency transfers.

FuCoin aims to support traders by offering comprehensive educational resources such as guides, tutorials, and webinars. This allows users to enhance their understanding of virtual currency trading and make informed investment decisions. Additionally, FuCoin provides 24/7 customer support through live chat and email, ensuring that users receive timely assistance whenever required.

It is important to note that FuCoin is not regulated, which means that traders should exercise caution and conduct thorough research before engaging in any transactions on the platform. While FuCoin offers a range of cryptocurrencies and trading features, it is essential for users to consider their individual risk tolerance and take appropriate measures to protect their investments.

Pros and Cons

Pros

Pros:

- FuCoin offers a wide range of cryptocurrencies for trading, including popular options such as Bitcoin, Ethereum, Ripple, and Litecoin. This allows users to diversify their investment portfolio and take advantage of potential opportunities in various virtual currencies.

- The platform provides a maximum leverage of 1:50, enabling users to potentially amplify their profits or losses. This feature can be beneficial for experienced traders who are comfortable with margin trading and understand the associated risks.

- FuCoin offers multiple trading platforms, including the FuCoin Trading Platform and the FuCoin Mobile App. This allows users to conveniently trade cryptocurrencies on both desktop and mobile devices, providing flexibility and accessibility.

Cons:

- One major drawback of FuCoin is that it is currently not regulated. This means that the platform operates without oversight from regulatory authorities, potentially raising concerns about the security and protection of users' funds.

- Another downside is the lack of information regarding the company's development history. FuCoin was established in 2020, but there is limited information available about its background, which may raise questions about its credibility and reliability.

- While FuCoin provides educational resources for traders, such as guides, tutorials, and webinars, additional information about the quality and comprehensiveness of these resources would be beneficial. Without more information, it is unclear how valuable these resources may be for users seeking to enhance their knowledge and skills in virtual currency trading.

Overall, it is important for individuals considering trading on FuCoin to carefully weigh the advantages and disadvantages of the platform and conduct thorough research to make informed decisions about their investments.

Pros Cons
Wide range of cryptocurrencies offered No regulatory oversight
Maximum leverage of 1:50 Lack of information about company's development history
Multiple trading platforms Unclear quality of educational resources

Regulation

FuCoin is currently not regulated, which means that it operates without oversight from regulatory authorities. This lack of regulatory oversight can have several disadvantages for traders. Firstly, it raises concerns about the security and protection of users' funds. Without regulatory oversight, there is a higher risk of potential fraud or misconduct on the platform. Additionally, in the absence of regulatory guidelines, there may be a lack of clear rules and regulations governing the operations of FuCoin, potentially leading to a less transparent and reliable trading environment.

For traders considering using an unregulated exchange like FuCoin, it is important to exercise caution and conduct thorough research. Here are some suggestions to mitigate the risks associated with unregulated exchanges:

1. Perform due diligence: Before engaging in any transactions on FuCoin or any unregulated exchange, it is crucial to thoroughly research and understand the platform. Investigate its background, reputation, and user reviews to assess its credibility and reliability.

2. Implement strong security measures: As unregulated exchanges may have a higher risk of security breaches, it is important to take proactive steps to protect your funds. Use strong and unique passwords, enable two-factor authentication, and consider storing your cryptocurrencies in a secure, offline wallet.

3. Start with small investments: To minimize potential losses, it is advisable to start with small investments when trading on an unregulated exchange. Use only the funds that you can afford to lose, particularly when dealing with higher risks associated with leverage trading.

4. Diversify your investments: Spread your investments across different exchanges and cryptocurrencies to minimize the impact of any potential risks or losses associated with a single exchange.

5. Stay informed: Regularly monitor news and updates related to virtual currency exchanges and regulatory developments. This will help you stay informed about any potential changes or risks associated with unregulated exchanges.

By following these suggestions and exercising caution, traders can attempt to mitigate the disadvantages of trading on an unregulated exchange like FuCoin. It is crucial to assess individual risk tolerance and make informed decisions based on thorough research and understanding of the potential risks involved.

Security

The security measures implemented by FuCoin to protect user funds and information are not explicitly mentioned in the available information. Therefore, it is important for traders to conduct further research or reach out to the platform for more details on their security measures.

One way to gauge the security of an exchange is to consider user feedback and reviews. However, the available information does not provide specific details on user feedback regarding the security of FuCoin. Therefore, it is advisable for traders to explore independent sources and user reviews to gain insights into the platform's security reputation.

It is essential for traders to prioritize security when using any virtual currency exchange. Here are some general security measures that traders should consider when evaluating the security of any exchange:

1. Two-factor authentication (2FA): Enable 2FA to add an extra layer of security to your account. This typically involves using an authentication app or receiving a verification code via SMS to log in.

2. Secure password: Create a strong and unique password that is not easily guessable. Avoid using common words or personal information.

3. Cold storage: Consider storing a portion of your cryptocurrencies in a secure, offline wallet that is not connected to the internet. This can help protect your funds from potential hacking attempts.

4. Regular updates and security patches: Ensure that the exchange regularly updates its software and implements necessary security patches to protect against any known vulnerabilities.

5. SSL encryption: Look for exchanges that utilize SSL encryption to secure your data transmission and protect your personal and financial information.

6. Transparent and clear privacy policy: It is important to review the exchange's privacy policy to understand how your personal information is collected, used, and protected.

It is advisable for traders to carefully consider the security measures and user feedback of FuCoin or any exchange they are considering using. Conduct thorough research, stay informed about industry best practices, and prioritize security when making investment decisions.

Cryptocurrencies Available

Cryptocurrencies

FuCoin offers a wide range of cryptocurrencies for trading, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are known for their global popularity and market capitalization, making them attractive options for traders.

Cryptocurrency prices can fluctuate significantly on exchanges due to various factors such as market demand, overall market sentiment, and news events. As an exchange, FuCoin provides a platform for users to participate in the buying, selling, and trading of these cryptocurrencies. Traders can take advantage of price fluctuations to potentially generate profits through trading strategies.

It is advisable for traders to closely monitor the cryptocurrency market, stay informed about industry news and developments, and conduct thorough research before engaging in any trading activities on FuCoin or any other exchange. This will help traders navigate the volatile nature of the cryptocurrency market and make educated investment decisions.

How to Open an Account?

How

The registration process on FuCoin typically involves the following steps:

1. Visit the FuCoin website and click on the “Sign Up” or “Register” button to initiate the registration process.

2. Provide your email address and create a strong password for your FuCoin account.

3. Complete any additional required personal information, such as your full name, date of birth, and country of residence.

4. Accept the terms and conditions, privacy policy, and any other relevant agreements.

5. Verify your email address by clicking on the verification link sent to your registered email.

6. Once your email is verified, you can log in to your FuCoin account and start trading.

Fees

Fees

Detailed information about the trading fees and other fees on FuCoin is not explicitly provided in the available information. When evaluating trading fees, it is important for traders to consider factors such as the fee structure (percentage-based or flat fee), maker and taker fees, as well as any discounts or promotions offered by the exchange. Additionally, traders should also take into account deposit and withdrawal fees, which can vary depending on the payment method and currency used.

It is advisable for traders to carefully consider the fee structure and potential costs associated with trading on FuCoin or any other exchange. Conduct thorough research, compare fees across different platforms, and take into account the overall trading experience and features offered by each exchange before making a decision.

Deposit & Withdrawal

Deposit

Detailed information about the deposit and withdrawal methods, as well as the processing time on FuCoin, is not explicitly provided in the available information. To obtain specific details about deposit and withdrawal methods, traders should visit the FuCoin website or reach out to their customer support for further information.

When evaluating deposit and withdrawal methods, it is important for traders to consider factors such as the available payment options (bank transfer, credit/debit card, e-wallets, etc.) and any associated fees or limitations. Additionally, traders should also consider the processing time for deposits and withdrawals, as this can vary depending on the chosen method and the exchange's internal procedures.

To gain insights into the deposit and withdrawal methods and processing time on FuCoin, traders can explore independent sources, user reviews, or reach out to the FuCoin community to gather firsthand experiences. This will provide a better understanding of the platform's deposit and withdrawal capabilities and help traders make informed decisions.

It is advisable for traders to carefully consider the deposit and withdrawal methods, associated fees, and processing time when choosing an exchange like FuCoin. Conduct thorough research, compare options available on different platforms, and consider individual preferences and requirements before making any deposit or withdrawal transactions.

Educational Resources

The available information does not provide specific details about the educational resources and tools offered by FuCoin. Therefore, it is advisable for traders to further research the platform or reach out to their customer support for more information on the educational resources available.

Educational resources play an important role in helping traders learn and improve their trading skills. Some commonly available resources and tools provided by exchanges include trading guides, video tutorials, webinars, and educational articles. These resources aim to provide traders with insights into the basics of trading, technical analysis, and other relevant topics.

In addition to the platform-provided educational resources, traders can also explore external sources such as forums, social media groups, and online communities dedicated to cryptocurrency trading. These platforms offer opportunities for traders to connect, share knowledge, and learn from experienced traders.

To assess the educational resources and tools provided by FuCoin, traders should explore the platform, visit their official website, and seek out user reviews and feedback. This will help traders evaluate the quality and usefulness of the educational resources available on FuCoin and make informed decisions about their trading strategies.

It is important for traders to prioritize their educational needs and consider platforms that offer comprehensive and reliable educational resources. By gaining knowledge and understanding the market dynamics, traders can make more informed investment decisions and potentially improve their trading outcomes.

Customer Support

The available information does not provide specific details about the customer support of FuCoin. To obtain information about the customer support services, available hours, contact channels, supported languages, and other relevant details, traders should visit the FuCoin website or reach out to their customer support directly.

Customer support plays a crucial role in addressing traders' concerns, resolving issues, and providing assistance when needed. It is important for traders to have access to reliable and responsive customer support services, especially in the fast-paced and sometimes complex world of cryptocurrency trading.

When evaluating the customer support of an exchange like FuCoin, traders should consider factors such as the available contact channels (email, live chat, phone support), the response time for inquiries, and the supported languages for communication. Additionally, traders may also consider the availability of a dedicated support team or community support platforms.

To gather insights into the customer support services of FuCoin, traders should explore independent sources and user reviews to gauge the general sentiment and experiences of other users. This can provide valuable information about the quality and effectiveness of the customer support offered by the platform.

It is advisable for traders to carefully consider the customer support services and capabilities of any exchange they are considering using. Prompt and reliable customer support can significantly enhance the trading experience and help traders navigate any challenges or issues they may encounter.

Is fucoin a Good Exchange for You?

No. FuCoin is not a good exchange. It currently has no valid regualtion and their website is unavailavle. Much infomation is not revealed openly. Every trader should be aware of the risks! Traders can consider seeking advice or insights from experienced traders or joining relevant online communities to gain further recommendations tailored to their specific trading needs.

Conclusion

In conclusion, FuCoin is a cryptocurrency exchange that offers a platform for traders to buy, sell, and trade various cryptocurrencies. While specific details about its registration process, trading fees, deposit and withdrawal methods, educational resources, customer support, controversies, and user satisfaction are not explicitly provided in the available information, traders are advised to conduct thorough research and seek out additional information to make informed decisions. Additionally, assessing factors such as access speed, fees, platform usability, and the overall trading experience is crucial. Considering potential disadvantages and advantages, as well as gathering a range of objective opinions and experiences from independent sources, can help traders form a comprehensive understanding of FuCoin's suitability for their specific trading needs.

FAQs

FAQs

Q: What is FuCoin?

A: FuCoin is a cryptocurrency exchange platform where traders can buy, sell, and trade various cryptocurrencies.

Q: Are there any fees associated with trading on FuCoin?

A: The available information does not provide specific details about the trading fees on FuCoin.

Q: What cryptocurrencies can I trade on FuCoin?

A: FuCoin offers a variety of cryptocurrencies that traders can trade on their platform. Some popular options may include Bitcoin, Ethereum, Ripple, and Litecoin.

Q: Does FuCoin have an educational section or resources for traders?

A: The available information does not explicitly mention the presence of educational resources on FuCoin.

Q: What are the available deposit and withdrawal methods on FuCoin?

A: The available information does not provide specific details about the deposit and withdrawal methods on FuCoin.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.