What is a KuCoin wallet and how does it work?

A KuCoin wallet is an integral feature of the KuCoin cryptocurrency exchange platform, designed for the storage, management, and transaction of digital assets. It operates as a secure account that enables users to receive, store, and send various cryptocurrencies supported by KuCoin. When a user registers on the platform and creates a wallet, they are provided with unique addresses and keys corresponding to different cryptocurrencies, ensuring safekeeping of their funds. Users can easily deposit coins into their wallets by transferring from external wallets or buying directly on the platform. Similarly, assets can be withdrawn by sending them to other wallet addresses. The KuCoin wallet ensures protection through encryption, two-factor authentication (2FA), and other security measures to safeguard users' assets against unauthorized access.