KuCoin now has more than 8 million registered users in over 100 countries. KuCoin has three levels of verification; however, the process is simple; it may take several business days to complete, and KuCoin will notify you via email when the verification process is finished. How to Complete KYC Verification 3. KuCoin supports individual verification and institutional verification. The top cryptocurrency exchanges by 24-hour trading volume in 2022 are: Heres the rub: KuCoin verification is only available in select countries (and not the USA). In order to continue to be one of the most trustworthy and transparent exchanges, KuCoin officially implemented KYC on November 1, 2018, which ensures that KuCoin meets the development rules of the virtual currency industry. In addition, KYC is effective at reducing fraud, money laundering, and terrorist financing, among other things. KuCoin supports two levels of individual KYC: KYC1 (Basic Verification) and KYC2 (Advanced Verification), and at each level, the information required for filling in is different. To invest in KuCoin tokens, you only need to find a regulated exchange, deposit some money, and decide how many you want to purchase. Further, it has over 200 cryptocurrencies and more than 400 markets. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Open KuCoin account 2. Disclaimer: This article is for informational purposes only. Binance Jersey is fiat focused crypto exchange built on top of technology developed by Binance, the leading and most known crypto exchange on the market. KuCoin is one of the most popular exchanges that supports a wide range of currencies and nations. . The exchange was established in May 2017 by an experienced team of blockchain and cryptocurrency professionals who started developing and building the exchanges architecture back in 2011. The chart below outlines the differences in terms of daily withdrawal limit, fiat trading limit, and futures trading leverage limit for each verification status. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. What if you told Kucoin you were in a European country, for KYC, and tried to withdraw to your bank account? People can trade crypto with just an email address because the account verification step is optional. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. If your KYC application is not approved due to the Handheld Identity Document Photo, please refer to this video for instructions: Rewards will be provided to users who inform us of the above. However, the problem is that not all countries have access to all features on KuCoin. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. According to Inca Digital, the Seychelles-based cryptocurrency exchanges Huobi and KuCoin did not heed the demands of the US and EU countries to block debit transactions made using international bank cards issued by sanctioned Russian financial institutions. Theres reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits. If your verification has been rejected, you can log in to your KuCoin account and find the detailed reasons for verification failure on the KYC Verification page. Support wants me to verify using kyc, but I am in US. The company has an overview. The 2-Factor Authentication (2FA) feature allows you to protect your account by combining two-factor authentication with Google Authenticator, as well as protect your assets from theft. Why KuCoin Uses KYC 2. Your network may also be causing the upload to fail. KuCoin; KuCoin is one of the best Singapore-based no-KYC crypto exchanges. An example of data being processed may be a unique identifier stored in a cookie. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. KuCoin implemented a Know Your Customer (KYC) program in November 2018. How can I get my crypto? Get a hardware wallet like a Ledger and store it there after buying your crypto on KuCoin. For one thing, U.S. citizens must trade on Binance US, which comes with KYC. Its most popular product is its BTC-USD perpetual swap, although Bybit also offers futures for XRP, EOS, and ETH. Despite this, KuCoin has more than 2 million users, making it one of the worlds largest exchanges. Moreover, there are signs that Binance may transition to full KYC at some stage as its compelled to comply with the numerous jurisdictions where it operates. Identity verification acts as a deterrent against people . Please make sure the identity document photos are consistent with the ID information provided in KYC1. Are US users allowed to do KYC? The Complete Binance Supported Countries List. How To Create A Kucoin Account And Deposit Funds, How To Send Cardano From Ledger Nano S To Bittrex, How To Transfer Tokens From Kucoin To Metamask, How To Do Your Kucoin Taxes In A Simple And Straightforward Way. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Token Sale Participation Rules . However, you are limited to 1 BTC per withdrawal transaction for 24 hours. Press question mark to learn the rest of the keyboard shortcuts. Though KuCoin is a relatively new cryptocurrency exchange, it is rising to the top very quickly as the services they provide exceed many users expectations. Depending on where you are looking, you may find different lists of countries that are said to be supported by Kucoin for KYC purposes. Find the next #crypto gem on #KuCoin, the People's Exchange | Launched in September 2017, KuCoin is a global cryptocurrency exchange with its . KuCoin . Its important to do your own research before signing up for a cryptocurrency exchange. It's a mix of top tier, mid and low, so you still have access to coins listed on Binance without having to h. KuCoin was hacked in 2020, causing major damage. Customers can call KuCoins customer service department 24 hours a day, seven days a week by following the steps below: Furthermore, there are numerous social media channels available to choose from. The exchange was founded in 2013 by Michael Gan and Jack Zhu. In 2019, KuCoin saw a number of significant updates. Upon registering on KuCoin you will be given an unverified profile status. Kindly click "Supplement Information" to revise it and resubmit and we'll verify it timely. Dont want to get your crypto stolen? Their platform is user-friendly and has a diverse range of features. After KYC1 is approved, proceed to complete Advanced Verification, you will get more trading benefits. These are the best crypto exchanges with no KYC. It swiftly became one of the most popular crypto trading sites. Meanwhile, please note that it may take several business days to complete the verification due to a large number of requests, we shall further notify you by email if there are any updates, during this period of time, please rest assured that the deposit and withdrawal are available at your KuCoin account. Stronger compliance, via more robust identification procedures, could help crypto shed its perceived . First, log in to your KuCoin account, and click on. By entering a unique trade password, users can validate platform transactions and access their accounts. Users who complete KYC certification will also be able to participate in the Fiat-Crypto service provided by the KuCoin. Like most cryptocurrency exchanges they are very basic and do not offer margin trading. Edit: For the record I'm poor so don't even have profit to hide just curious how these things work out of curiosity lol, Can I get kyc verified in the US if I use a vpn? Purchase Agreement. As of the end of 2018, KuCoin has collaborated with Simplex, a European payment provider, allowing users from more than 100 countries to deposit money using a debit or credit card. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. An interesting aspect of KuCoin is that the exchange employs a profit-sharing system in which they distribute 50% of the trading fees among users who hold KuCoins native token KuCoin Shares (KCS). How to Complete Individual KYC Verification, How to Complete Institutional KYC Verification, Downloading the KuCoin App and Registering an Account, One ID document can be used for verifying a maximum of, Network issues may result in photos failing to upload. These include their risk tolerance, investment knowledge, and financial position. KuCoins futures platform, which launched in mid-February 2019, is one of the first in the world. The company intends to calculate a weighted average of a cryptocurrency based on exchanges across multiple major markets. Ever see those peeps selling crypto on craigslist and wonder why? Kucoin is a digital asset exchange that is available in most countries. As a result, people can use their email addresses to trade cryptocurrency without having to verify their accounts. KuCoin is a relatively new cryptocurrency exchange, Excellent trading platform and user interface. It may sound scary that your account will be limited, but the limit for unverified accounts is quite high. One of the biggest crypto exchanges in the world. The native token (KCS) of KuCoin is a low-cost, rewards-based payment method. Is this correct? Block DX. Get the latest news from the World of Finance & Cryptocurrencies handmade by Help With Penny. The sites user interface is simple to use, and it has an extensive product offering. Fiat deposits can be made with credit or debit card and theres no KYC requirement, with a 2 BTC daily withdrawal limit. However recently I heard some rumors that KuCoin will close accounts from Iraq and other countries. Verification on KuCoin is pretty simple. The average time it takes to complete a KYC (Know Your Customer) process with Kucoin is between 2-3 minutes. At this point in time, KuCoin advertises itself as the top 1 altcoin exchange platform. To complete your KYC, log in to your KuCoin account, click KYC Verification under the avatar, select Individual Verification, then Start Verification, and finally fill out the information required. Users can trade, buy, and sell cryptocurrencies in KuCoin using over 600 different types of cryptocurrency. KuCoin is a crypto exchange headquartered in Seychelles. KuCoin has thus far proven themselves to be a reliable and trustworthy exchange. Please ensure the certificate of identity is consistent with you. KYC verification is quite common in centralized exchanges. Users are not required to verify their identities and can create an account in a matter of minutes. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Moreover, there are signs that Binance may transition to full KYC at some stage as its compelled to comply with the numerous jurisdictions where it operates. In September 2020, a cyber attack on KuCoin resulted in $285 million being stolen from the exchange. The HDF Educational Welfare Report: CoinEx Charity Empowers Childrens Education Through Bitget Integrates with TradingView For Crypto Derivatives Trading. In 2023, Weex released the English version of their website, which is what brings us to review this exchange. KuCoin can be used without undergoing a KYC process, but it comes with a 1 BTC withdrawal limit. The app utilizes all the basic features found in the web-trader version and allows traders to view charts, make trades, see open orders and trade history. In cases where the client forgets his/her credentials to access the platform or when his/her account is taken over by others because of the leakage of personal information from the client-side, the verified KYC information will help the client recover his/her account quickly. By signing up, you agree to the our terms and our Privacy Policy agreement. You can still do plenty of trading on KuCoin without verification, however! Complete list of KuCoin supported countries. As a result, the majority of crypto exchanges now enforce KYC. KYC Verification. Its easy to use for one thing and lists a number of tokens that arent available on major exchanges. Theres reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits. Hello I am from the USA and it says both here and on your website it is fine for us citizens to use kucoin. In isolated margin mode, the leverage is up to 10x and depends on the trading pair. KYC certified accounts have a daily withdrawal limit of up to $500 if they are subject to KYC1 and KYC2. The cryptocurrency exchange launched in August 2017. If you value your privacy, and wish to keep your personal details out of the reach of busybodies and criminals, it makes sense to seek platforms where you can exercise your right to trade cryptocurrencies in peace. Theres a Bybit mobile app available on the iOS and Google Play stores, while regular trading competitions keep things fresh. If you're willing to spend a little money and effort you can get a Binance KYC approved account by going through the verification process by getting residency in another country or setting up a. They have implemented a number of security checkpoints within their interfaces in addition to encryption of bank-level assets and data. . US doesnt want anyone cashing out (crypto back to fiat) without available record so they can knock on your door. Know Your Customer (KYC) legislation requires businesses to verify the identity of individuals using their service, particularly where the transmission of money is involved. Despite its higher trading fees, KuCoin is most likely the best option for users based in the United States. KuCoin generates money from small fees incurred on trades and withdrawals. Read More. The KuCoin trading platform needs no introduction! You only need your email. If we took into consideration exchanges with small safety scores but really large trading volumes like cryptocurrency Exchange Deepcoin. For institutionalaccounts, please go to KYC Verification, click Switch to Institutional Verificationand then "Supplement Information" to finish your KYC. Let us know in the comments section below. Unlike brokers such as Coinbase, you don't actually purchase coins from Kucoin.. Then, enter the amount of cryptocurrency you want to trade and click Exchange. The most popular fiat currencies for purchasing coins include USD, EUR, GBP, CAD, and AUD. Please be reminded that KYC is not mandatory here in KuCoin. Please follow our prompts to take a photo and pay attention to check if the text information is written as required. KuCoin supports a large number of countries around the world, such as India, Turkey, Japan, Canada, the UK, Singapore and many others. KuCoins reputation as a highly secure and reliable exchange is well deserved. In addition, KuCoin has a P2P exchange, which many users will find attractive. However, it is not mandatory to use a KYC exchange (also referred to as surveillance exchanges by their detractors) to trade. You can trade securely and safely using a VPN while traveling to the United States, and you can access the platform while traveling there. As Spanish citizen, could I use Kucoin as resident of Paraguay or Cyprus? Weex is a crypto trading platform founded in Singapore in 2018, focused on derivatives trading. The mainstream fiat currencies supported by KuCoin are USD, CAD, CNY, VND, and IDR. Simply complete a Bitcoin address search to view it on the blockchain. Please click on Start Verification on the Individual Verification page. Please confirm your information is true and valid, otherwise, it will affect your audit result. We do strongly suggest our clients complete the KYC verification. We hope this article has been helpful. This page may not include all available products, all companies or all services. August 10, 2022 Previous. The use of KuCoin for cryptocurrency deposits does not require KYC approval, and it is entirely up to you whether or not you want to do so. Please note that the areas highlighted with * are required. Neither Bankrate nor this website endorses or recommends any companies or products. A bill updating Russias tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. Conclusion November 24, 2022. Why KYC Verification Failed. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The KuCoin trading platform performs very well and has all the features one would expect from a leading cryptocurrency exchange. Using KuCoin Fast Buy, traders can buy and sell BTC, USDT, and other cryptocurrencies such as IDR, VND, and CNY. In 2018, the exchange announced a 20 million USD Round-A-Funding from Matrix Partners and IDG Capital. Also, two-factor authentication techniques can be utilized for sign-ins and withdrawals. Keep in mind that KuCoin, like Robinhood and Coinbase, does not directly report to the IRS. KuCoin boasts of having over 300 coins and 450 cryptocurrency pairs, making it a one-of-a-kind exchange for trading even the most unusual digital assets. As one of the most popular cryptocurrency exchanges, Kucoin has gained a loyal following among traders and investors looking for a comprehensive and user-friendly platform.