KuCoin is a cryptocurrency exchange with a variety of features. KuCoin offers their traders the very simple and basic trade types of exchanging one cryptocurrency for another. As a result, the majority of crypto exchanges now enforce KYC. Also, the platform features advanced trading and analysis tools complete with technical indicators and charting that are powered by TradingView. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. KuCoin Review 2023: Details, Pricing & Features - CoinSutra . 6. How to Complete KYC Verification 3. In conclusion, using the KuCoin wallet makes it simple for you to keep your coins safe and accessible. Tutorial video- Individual KYC Verification On KuCoin. Identity verification acts as a deterrent against people . Press question mark to learn the rest of the keyboard shortcuts. Your information can be modified before submission. It is critical to remember that hacks can happen on centralized exchanges. 68 Best Crypto Exchanges Without KYC Verification in 2022 On the next page, you will be asked to submit the front side and the back side of your identity document. What KYC does KuCoin perform? . 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. Depending on where you are looking, you may find different lists of countries that are said to be supported by Kucoin for KYC purposes. KuCoin Restricted Countries Hey I've been using KuCoin for more than a year now and everything runs smoothly, I live in Iraq and don't have KYC verification. But what countries are supported on KuCoin? Here are six exchanges that fit the bill. 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. Platform 2.0 added a variety of new features, including advanced order types, a new API, and other functions. The fee structure makes it an excellent choice for those seeking to make a small profit. The KYC is carried out to stop illegal actions like money laundering or fraud, protecting both the company and the client. It allows users to trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Get a hardware wallet like a Ledger and store it there after buying your crypto on KuCoin. (Not financial advice! implemented KYC Verification on November 1, 2018. USD, EUR, GBP, CAD, and AUD are among the most popular fiat currencies for purchasing coins. Is this correct? Please check it carefully and adjust accordingly when you make another submission. Out of respect to the company's operational requirements, we are only providing service for countries listed in the KYC countries list ( US is not included ), in order to comply with all applicable laws and regulations. There are no fees for making a deposit and traders are only charged 0.1% on their trades. Please reach out to our 24/7 customer support via online chat or submit a ticket if you have any other questions. Weex is well-known . Reports indicate that KuCoin has over 700 employees throughout the world. of you holding the identity document, and a handwritten note. It swiftly became one of the most popular crypto trading sites. Could you post the link of the website where it lists the countries allowed? Press J to jump to the feed. For one thing, U.S. citizens must trade on Binance US, which comes with KYC. It is also important to ensure that the photos are clear and readable. Its important to do your own research before signing up for a cryptocurrency exchange. US doesnt want anyone cashing out (crypto back to fiat) without available record so they can knock on your door. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. KuCoin has a fee structure that is simple and clear to understand. Once KYC1 is completed, you will now be able to apply for KYC2 (Advanced Verification) to enjoy more benefits on the platform. About KYC Verification | KuCoin - Bitcoin Trading | KuCoin Withdrawals are done by sending your cryptocurrency to your personal wallet address. KuCoin has thus far proven themselves to be a reliable and trustworthy exchange. If so, you can sign up by clicking the button below and start trading with some of the lowest fees ever! Careful. There will be a high limit for unverified accounts, but your account will be limited. Please click on Continue to Get More Benefits to apply. CopyRight 2017 - 2023 KuCoin.com. These users have access to KuCoins Staking feature, which can be used to earn rewards. Unless this is what BTC ATM's are for? KuCoin users can access their accounts via desktop, Android, and iOS mobile devices. KuCoin employs several layers of security, including micro-withdrawal wallets, industry-level multilayer encryption, and dynamic multi-factor authentication. Best Crypto exchanges with no KYC - YouTube Compared with many other cryptocurrency exchanges, KuCoin support rises above and beyond. However, the exchange has thus far proven itself to be a reputable exchange has a reputable team and founders operating the platform. Users can use margined contracts to trade Bitcoin (BTC) and Tether (USDT) with leverage of up to 100x. Another area that KuCoin excels in is their very generous bonuses and promotions. The KuCoin trading platform performs very well and has all the features one would expect from a leading cryptocurrency exchange. KuCoin is a safe exchange as they use the latest encryption technology to help secure its website from hackers. Can you use KuCoin? Welcome to KuCoin, the world's leading blockchain and crypto exchange, trusted by over 20 million members. 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. KuCoin is a well-known name in the crypto world because it has established itself as a one-stop shop for all types of cryptocurrency operations. Manage Settings It is best suited to both novice and experienced traders looking for exposure to popular and lesser-known small-cap cryptocurrency tokens. KuCoin is strictly a cryptocurrency exchange and nothing more. . In addition, it strives to add new tokens regularly, making it an excellent choice for those lurking to identify recently released coins that could take the world by storm. Once the review is completed, we will notify you of the result via email/SMS. Press Esc to cancel. The platform provides services to countries such as Turkey, India, Japan, Canada, the UK, Singapore and many others. On KuCoin your withdrawal limit without KYC will be only 1 BTC.But the worse part of an unverified account is that you wont be able to deposit or withdraw FIAT. As mentioned earlier, KuCoin only retains 10% of the fees they charge, returning 90% of the fees to the users of the platform. Contracts can be traded for up to $10,000 with as little as $100 in the account of a user. KuCoin is widely regarded as one of the worlds most trustworthy cryptocurrency exchanges. Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament. As mentioned before, KuCoin has thus far proven to be a reliable cryptocurrency exchange. If you still have questions about the selfie photo required, check the YouTube video below to get more instructions, or contact our online support for further assistance. 21 Best US Customer Friendly Crypto Exchanges in 2022 KuCoin is a cryptocurrency exchange that is primarily used by traders outside the United States. The platform has a very user-friendly design and interfaces making it ideal for both new and experienced traders. What KYC-free exchanges do you recommend? The platform excels in the area of design and is much nicer than many other cryptocurrency exchange platforms we have tested. KuCoin, an upcoming cryptocurrency exchange, has already made a name for itself in the cryptocurrency community. I feel like the whole thing masquerades as protective risk safeguard around margins, but IRS wants their money and seems like they are slowly making moves to be able to get it. The trading platform utilizes all the features an experienced trader would expect and is easy enough for new traders to grasp. Plus, visit our Bitcoin Charts to see whats happening in the industry. I think if you are involved in the world of cryptocurrencies, you must have heard of this platform. It was founded in 2017 and is based in San Francisco, California. Should you have further concern, please contact our support team. Please note that the areas highlighted with * are required. KuCoin has had no reported hacking incidents since July 2020, according to KuCoin statistics. KuCoins services are available to a number of countries, including the United Kingdom, Russia, Australia, India, and Germany. I tried to submit KYC and it failed. The worlds largest cryptocurrency exchange is also a bastion of KYC-less trading. It provides the exchange with a stable and trustworthy financial institution while also meeting the regulatory requirements of a financial institution. As a result, the majority of crypto exchanges now enforce KYC. KuCoin, founded in 2017, is a leading cryptocurrency exchange with over 8 million registered users in 207 countries and regions around the world. You can withdraw $5,000 USD per hour without KYC and $1,000,000 USD per hour with KYC. Bybit is a popular derivatives exchange that could become a lot more popular if Bitmex introduces KYC, as has been rumored. Kucoin is available in over 190 countries and territories around the world. KuCoin is a crypto exchange based in Seychelles that was established in 2017. 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. The KYC process may vary a bit depending on the industry with financial services provided.From a real example, you will one time need to provide your ID, face verification, and proof of address on government-issued documents. to margin trading. M (Mobile) StationHave Fun with KuCoin by visiting the Mobile Site! Once it is submitted, the information only can be viewed, but cannot be modified again until the review result is published. Further, it has over 200 cryptocurrencies and more than 400 markets. KYC1 consists only of providing your legal details name, surname, and ID number.KYC2 is full KuCoin user verification with photos of your legal documents. You don't want to be caught in a scenario where you have lower trading . The average time it takes to complete a KYC (Know Your Customer) process with Kucoin is between 2-3 minutes. Up to 3 BTC a day can be deposited and withdrawn without requiring KYC. KuCoin is a cryptocurrency exchange that provides a large array of crypto assets to its users. The exchange is very easy to use and features a wide array of cryptocurrency assets. KuCoin is one of many exchanges that have been targeted in the past. Bybit is the second-best Crypto exchange that is based in Singapore but offers services to 180 countries including Bahrain. The website, which is registered in the Seychelles, has a very simple interface. After KYC1 is approved, proceed to complete Advanced Verification, you will get more trading benefits. Countries Not Supported. Then, enter the amount of cryptocurrency you want to trade and click Exchange. 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. 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KuCoin Shareholders receive discounted trading fees and other benefits such as entering in contests, draws, and more. Traders can even save on the little fees incurred on them by holding and using KuCoin Shares for trading. KuCoin-supported countries KuCoin supports nations such as the United Kingdom, Russia, Australia, India, and Germany. Johnny Lyu is the CEO of KuCoin, a cryptocurrency exchange based in Singapore. And on the paper note, please include the code shown on the KYC page (it will change on a daily basis), the date, and your signature. Is it even possible? How to Complete Individual KYC Verification | KuCoin KuCoin is one of the most popular global cryptocurrency exchanges, with over 10 million registered users in over 200 countries. Let us know in the comments section below. Kucoin KYC (Know Your Customer) Verification - BosCoin This makes it one of the most accessible exchanges for users looking to buy, sell, or trade cryptocurrencies. KuCoin offers 3 levels of Verification:Verification LevelWithdrawal LimitFIAT trading limitFutures trading LeverageUnverified1 BTC/day0Up to 5XKYC11 BTC/day0Up to 20XKYC2200 BTC/day100k USD a dayUp to 100X. One of the best things about Bybit is its guides to margin trading. Because you cant complete the KYC process as KuCoin is not licensed to operate in the United States. These help traders learn the terms, tricks and tips required to effectively swap derivatives products. The KuCoin token is not accepted in the United States due to a lack of regulatory authority. Create an account to follow your favorite communities and start taking part in conversations. An example of data being processed may be a unique identifier stored in a cookie. Buy Crypto With PayPal in the UK | Bankless Times KuCoins instant exchange makes it simple to trade cryptocurrency instantly. The list will be alphabetical for easy navigation. Currently, the platform supports two levels of individual KYC: Basic and Advanced Verification. How Long Does KuCoin Verification Take? | KYC Guide [2023] - Finbold Users who prefer to trade on the go can do so by downloading KuCoins mobile app for both Android and iOS devices. We have prepared a two-minute video to show you how it can be completed in a few clicks. 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Getting started in the crypto scene is simple with KuCoin, which offers low fees and a large number of coins to choose from. A crypto exchange that has a strong KYC process in place is able to identify and understand who is using the platform, allowing us to assess potential risks to user protection. It accepts customers from many countries and provides easy access to crypto trading for all classes of investors. What if you told Kucoin you were in a European country, for KYC, and tried to withdraw to your bank account? Even fiat trading pairs are not offered, so traders will need to acquire cryptocurrencies with fiat currency elsewhere before trading on KuCoin.