KuCoin enforces mandatory know-your-customer verification (2024)

FAQs

How do I pass KuCoin verification? ›

If you have an individual account, please select Identity Verification → Individual Verification, then click Verify Now to fill in your information. The Identity Verification procedure involves: 1) personal information, 2) ID photos, and 3) face verification and review.

This is part of our commitment to curbing illicit activities such as money laundering and terrorist financing. Notice: i. As of August 31, 2023, at 00:00 (UTC), all new users must complete Identity Verification to use KuCoin's products and services.

Can I use KuCoin in the US without KYC verification? Users who signed up after 31 August 2023 won't have access to any features without KYC verification. Using a VPN will let KYC-verified users access KuCoin's features in restricted countries, but it won't let non-KYC-verified users access its services.

A: New users must complete the Identity Verification before using KuCoin's products and services.

Yes, you can use KuCoin from the US but only its limited version with low withdrawal amounts and other restrictions. This is due to the lack of licensing and KYC verification and limited customer support.

One such country is the United States. KuCoin's full capabilities are not available in the US due to a lack of necessary licensing. As a result, KuCoin US customers have no straightforward way to complete the verification process, but can still register and use limited functionalities.

KYC and AML Compliance

Kucoin is committed to preventing fraud, money laundering, and other illegal activities on its platform. To achieve this, the exchange adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

If KYC procedures are not completed, users will only be able to use services such as spot trading sell orders, futures trading deleveraging, margin trading deleveraging, "earn" product redemptions and ETF redemptions, KuCoin said. They will not be able to make deposits to the exchange but they can withdraw.

Yes, KuCoin is a legitimate cryptocurrency exchange that has been operating since 2017. It has built a reputation for providing a wide range of cryptocurrencies and advanced features. However, as with any exchange, it's essential to do your research and consider user reviews before using the platform.

The maximum leverage available on KuCoin Futures is 100x, while the default leverage is 20x. Users can enter the leverage they want or drag the slider to set the leverage. Users need to pass KYC first. How to KYC?

Can I withdraw crypto without KYC? ›

Can I withdraw crypto without KYC? It depends. Taking Binance as an example, if your daily withdrawal limit is less than 2 BTC, you don't need to complete KYC to withdraw crypto.

Frauds and scams are quite common in the crypto space. Malicious actors will try to get your login and security info to steal the funds in your account. When your account is at risk, withdrawals may be temporarily suspended to prevent your funds from being stolen.

2. How long does it take to complete Identity Verification? The KYC process typically takes 3–5 minutes. However, this duration may sometimes extend to 1-3 working days depending on the security requirements of a platform, your local compliance policies, certain product features, or the network environment.

Withdrawing on the Web

Log into your KuCoin account. From the navigation bar, select Assets → Overview → Withdraw to enter the withdrawal page. 2. From there, select the cryptocurrency you wish to withdraw from the dropdown (Example: USDT).

2. How long does it take to complete Identity Verification? The KYC process typically takes 3–5 minutes. However, this duration may sometimes extend to 1-3 working days depending on the security requirements of a platform, your local compliance policies, certain product features, or the network environment.

Firstly, log in to your KuCoin account. Click the avatar on the upper right corner and select "Account Security" in the drop-down menu. Step 2: Find Security Settings, click "Set" and then click "Send Code", an email verification code will be sent to your registered E-mail address.

Try again at a later time with the Send Code button, or contact our support team for help. If you have certain security apps on your phone, they may block text messages from unknown senders. Disable these features temporarily, then hit the Send Code button again to try again.