US citizens are the only ones who are unable to use it due to a lack of a license and the Know Your Customer (KOR) process. In 2019, KuCoin saw a number of significant updates. KuCoin is fastly becoming one of the worlds largest cryptocurrency exchanges. Your decisions are yours alone and we are in no way responsible for your actions. It is also important to ensure that the photos are clear and readable. The size of the image file should be less than 4MB;3. It provides the exchange with a stable and trustworthy financial institution while also meeting the regulatory requirements of a financial institution. The selfie photo must include three things: 1) your portrait, 2) the written paper note, and 3) your ID document. Copyright 2023 Help With Penny. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. In the United States, there are no KuCoin-supported countries. There will be a high limit for unverified accounts, but your account will be limited. Despite this, KuCoin has more than 2 million users, making it one of the worlds largest exchanges. The only deposit and withdrawal options offered by KuCoin are cryptocurrencies. The software and technical aspects of the exchange were in development since 2011 and tested in 2013 as the project came together. Its founders, Michael Gan and Eric Don, created the platform to make exchanging safe and simple. The KuCoin exchange does not impose a mandatory KYC verification, and you can sign up with your email address only and trade anonymously. As a result, people can use their email addresses to trade cryptocurrency without having to verify their accounts. If you live in the United States, KuCoin's lack of KYC verification is a red flag. Part 3: Other common issues about KYC Verification. If you choose to trade with another cryptocurrency, you can still use your e-mail address. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. Create BitMAX Account. Withdrawals are done by sending your cryptocurrency to your personal wallet address. Depending on where you are looking, you may find different lists of countries that are said to be supported by Kucoin for KYC purposes. After KYC1 is approved, proceed to complete Advanced Verification, you will get more trading benefits. 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. The company intends to calculate a weighted average of a cryptocurrency based on exchanges across multiple major markets. Also, the platform features advanced trading and analysis tools complete with technical indicators and charting that are powered by TradingView. Users are not required to verify their identities and can create an account in a matter of minutes. If we took into consideration exchanges with small safety scores but really large trading volumes like cryptocurrency Exchange Deepcoin. At the time of writing, KuCoin had raised nearly USD 20,000,000 in BTC. 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. 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. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. 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. KuCoin, a well-known cryptocurrency exchange, offers a variety of cutting-edge products and services. The exchange does not charge a fee for withdrawals based on the coin and the blockchain chosen by the exchange. 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Please make sure the identity document photos are consistent with the ID information provided in KYC1. Introduction Coinbase, founded in 2012, has grown to become one of the world's largest digital currency exchanges. Underneath Price, enter the price you'd like to buy the cryptocurrency. KuCoin has always been dedicated to providing the safest and most user-friendly trading experience possible, and they have taken numerous measures to protect their customers accounts and assets. KuCoins trading fees are donated to the community 90% of the time. Hello I am from the USA and it says both here and on your website it is fine for us citizens to use kucoin. KuCoin has also increased the withdrawal limit for KYC verified accounts from $0 to $1,000 per day. But the next time you will be asked to only provide your valid ID. The customer support and service offered by KuCoin is excellent. For retail investors, please go to KYC Verification Individual Verification, and click on Start Verification to submit your information. KuCoin lets you buy, sell, and store a wide range of cryptocurrencies. However, this does not mean that KYC-free exchanges are less trustworthy; it is the duty of each trader to perform their due diligence and choose a reputable exchange. How to Change Metamask Window Size with Ease, Phemex Learn & Earn Answers to All Courses: Earn Free USD, The biggest Crypto Exchanges by 24- hour trading volume, Simple Fix to You Declined the Action in Your Wallet OpenSea Error, What is Profit Margin and How to calculate it Using Google Sheets. They have implemented a number of security checkpoints within their interfaces in addition to encryption of bank-level assets and data. Your blog guide to the world of finance and Cryptocurrencies. We do strongly suggest our clients complete the KYC verification. Check it out! It's worth noting that altcoins and smaller-cap assets tend to lose more money when we have crypto market corrections. To do this, go to the Markets page on their website and select the currency you want to trade for. Simple and easy to start trade 700+ cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), KuCoin Token (KCS), new crypto and even meme coins here! Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. It allows users to trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The . Financial institutions use KYC processes to confirm the identity of their customers. 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. The majority of people who trade crypto-to-crypt trades with this amount of information are satisfied. 1. (flag the Mobile App box for that) and platforms that require KYC (flag the Without Verification box for that). Can you use KuCoin? By completing different levels of KYC verification on KuCoin, you will be able to enjoy more privileges. If you live in an area where you have experience trading cryptocurrency, you may enjoy the services KuCoin provides. Create an account to follow your favorite communities and start taking part in conversations. Manage Settings In this article, well take a look at the countries where Kucoin is available and discuss some of the benefits of using this exchange. KuCoin is pretty incredible given they operate without KYC and offer hundreds of exotic altcoins and low fees. You can still do transactions including withdrawal and deposits. The average time it takes to complete a KYC (Know Your Customer) process with Kucoin is between 2-3 minutes. We do not require KYC verification for deposits, trades, or withdrawals. If you use a VPN, your privacy will be protected. This makes it one of the most accessible exchanges for users looking to buy, sell, or trade cryptocurrencies. KuCoin is strictly a cryptocurrency exchange and nothing more. Users can buy . KuCoin has not made any adjustments to our policies. How do I use KuCoin without KYC? Even though BitMAX doesn't require KYC, customers from certain countries, including the United States, are not allowed to trade on the platform. There are a lot of negative reviews on crypto exchanges, but KuCoins user reviews are especially bad. August 10, 2022 Previous. I never used one. The exchange holds regular airdrops and allows users to earn USDT for lending BTMX. This page may not include all available products, all companies or all services. Kindly, Users from certain countries will not be able to pass KYC verification on KuCoin due to regulatory reasons. Complete list of KuCoin supported countries. Once KYC1 is completed, you will now be able to apply for KYC2 (Advanced Verification) to enjoy more benefits on the platform. The Complete KuCoin KYC Countries List. The fee structure makes it an excellent choice for those seeking to make a small profit. KuCoin supports a large number of countries around the world, such as India, Turkey, Japan, Canada, the UK, Singapore and many others. You can click on the countries tile to see which countries are not eligible for participation, then the purchase agreement tile to read the agreement and select "I agree." . It's long gone. Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin MultiVAC-KCS Session Total Issuance Amount: 10,000,000,000 MTV Spotlight Amount: 600,000,000 MTV Price: 0.00317 KCS Start Time: 2019-04-03 07:00 Note: Purchase limit: 30,000MTV-600,000MTV per person Sold Out The purchase only supports KCS as payment method. KuCoin officially implemented KYC in November 2018, which was important for meeting the changing rules in the crypto industry for fighting against cybercrimes such as scams, fraud, and money laundering. Completing each level will enable you to access more services on the platform. About this app. Bybit is the second-best Crypto exchange that is based in Singapore but offers services to 180 countries including Bahrain. The number of crypto and fiat currencies is always increasing. , . The website, which is registered in the Seychelles, has a very simple interface. By signing up, you agree to the our terms and our Privacy Policy agreement. 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. The fees for P2P marketplace purchases are entirely determined by the payment method and processor rates used. Get a hardware wallet like a Ledger and store it there after buying your crypto on KuCoin. Using KuCoin Fast Buy, traders can buy and sell BTC, USDT, and other cryptocurrencies such as IDR, VND, and CNY. These are the best crypto exchanges with no KYC. If so, you can sign up by clicking the button below and start trading with some of the lowest fees ever! then you cash out the same way. USD, EUR, GBP, CAD, and AUD are among the most popular fiat currencies for purchasing coins. KYC verification is quite common in centralized exchanges. Kucoin Kyc United States. The native token (KCS) of KuCoin is a low-cost, rewards-based payment method. Users always talk about how monero is private but you have to on and off board somehow so I'm not sure how ppl get around turning crypto profit into cash without off boarding in a way that allows gov to see the actions. KuCoin offers their traders the very simple and basic trade types of exchanging one cryptocurrency for another. KuCoin is an excellent choice for crypto traders. KuCoin has a fee structure that is simple and clear to understand. People can trade crypto with just an email address because the account verification step is optional. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Nonetheless, you should be aware of any tax laws in your country. KuCoin is a relatively new cryptocurrency exchange based out of Hong Kong. The KuCoin customer support team is available to answer any questions or concerns you may have. Cyprus is a country in the Czech Republic. 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). KuCoin can be used without undergoing a KYC process, but it comes with a 1 BTC withdrawal limit. implemented KYC Verification on November 1, 2018. For individual accounts, please go to KYC VerificationIndividual Verification, click "Start Verification"to complete your KYC. of you holding the identity document, and a handwritten note. Upon registering on KuCoin you will be given an unverified profile status. Please confirm your information is true and valid, otherwise, it will affect your audit result. KuCoin is an all-digital exchange that accepts cryptocurrency, meaning you can not deposit any fiat unless you purchase it directly from third-party integrations like SImplex or Banxa. Kucoin has a strong focus on the Chinese market but also allows international users to trade on its platform. Users can use margined contracts to trade Bitcoin (BTC) and Tether (USDT) with leverage of up to 100x. KuCoin is a cryptocurrency exchange with a variety of features. A number of exchanges legally operate in jurisdictions that do not mandate KYC, or have no official headquarters, placing them in a grey area in terms of legal obligations. I also hope your cryptocurrency trades work out!See you in the next article! KuCoin, founded in 2017, is a leading cryptocurrency exchange with over 8 million registered users in 207 countries and regions around the world. Get the latest news and insights from the crypto world. It allows users to earn crypto by lending or staking through its Pool-X. Users in the United States, on the other hand, cannot buy cryptocurrency using fiat money on the platform through third-party transfers such as simplex or banxa. Founded in Singapore, Bybit doesnt require KYC, although U.S. residents are excluded from trading. The platform is a fully registered and regulated cryptocurrency exchange broker that operates in over 100 countries worldwide. KYC for KuCoin can be accessed via the following countries (alphabetical): It is located in the Caribbean country of Antigua and the British Virgin Islands. KuCoin doesn't have a license to operate in the USA yet. Because you cant complete the KYC process as KuCoin is not licensed to operate in the United States. The list will be alphabetical for easy navigation. KYC is required + US Customer Friendly. But as said before, you are still able to trade with just your e-mail, if you get your starting crypto-coins elsewhere. kucoin_moderator 2 yr. ago. KuCoin is a safe exchange as they use the latest encryption technology to help secure its website from hackers. The top fiat currencies with which you can buy coins are USD, EUR, CNY, GBP, CAD, AUD, and many more . CopyRight 2017 - 2023 KuCoin.com. Trade safe, be smart, and keep your identity private by avoiding surveillance exchanges. Let us know in the comments section below. Yes. . 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. Mobile trading The mobile web version of the exchange allows users to trade on the go. 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). The fees offered by KuCoin are among the lowest in the cryptocurrency exchange space. The KuCoin trading platform performs very well and has all the features one would expect from a leading cryptocurrency exchange. KuCoin officially implemented it in November 2018. KYC Verification. The maximum leverage available on KuCoin futures is 100x, but users need to pass KYC first. In an effort to protect your account and digital assets, the exchange has added a trading password as a new feature. 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. What this means is that most traders will not be required to complete verification unless there is suspicious activity or in the case of them wishing to exceed the 2 BTC daily trading limit. Please reach out to our 24/7 customer support via online chat or submit a ticket if you have any other questions. Another area that KuCoin excels in is their very generous bonuses and promotions. If a user's country is not included in the list, unfortunately, we are temporarily unable to verify the user's KYC. The team and founders behind KuCoin only launched in 2017 when they had refined all aspects of the exchange and implemented the latest security, technical, and encryption protocols. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. 6. As well, the exchange makes money from listing new cryptocurrencies as they must pay a hefty price to be listed on the exchange. Getting started in the crypto scene is simple with KuCoin, which offers low fees and a large number of coins to choose from. The exchange supports fiat currencies like EUR, CZK, NZD, HUF, CAD, etc., through Simplex, Banxa, and OTC. What this means is that most traders will not be required to complete verification unless there is suspicious activity or in the case of them wishing to exceed the 2. has transitioned into a crypto company that offers a broad range of services, operating under various subdivisions. Completing each level will enable you to access more services on the platform. Is this correct? What KYC does KuCoin perform? How can I get my crypto? To use Kucoin, first create an account on their website. It is FREE to use KuCoin P2P to buy or sell cryptocurrency. US doesnt want anyone cashing out (crypto back to fiat) without available record so they can knock on your door. However recently I heard some rumors that KuCoin will close accounts from Iraq and other countries. KuCoin now has more than 8 million registered users in over 100 countries. 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. KuCoin is a cryptocurrency exchange that operates outside of the United States. Funds stolen in the KuCoin hack on September 26, 2020 were quickly moved into DEXs such as . Currently, the platform supports two levels of individual KYC: Basic and Advanced Verification. Please ensure the certificate of identity is consistent with you. Kucoin is available in over 190 countries and territories around the world. In isolated margin mode, the leverage is up to 10x and depends on the trading pair. Please login KuCoin account, click KYC Verification under the avatar, and fill in the requested information. KuCoin officially implemented it in November 2018. 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. Up to 3 BTC a day can be deposited and withdrawn without requiring KYC. Some users on the exchange are concerned about being taxed on their gains due to this concern. If you live in the United Kingdom and want to buy KuCoin, this is a simple process. All Rights Reserved. KuCoin cryptocurrency exchange was founded in 2017 by Michael Gan and Eric Don. Its important to do your own research before signing up for a cryptocurrency exchange. The HDF Educational Welfare Report: CoinEx Charity Empowers Childrens Education Through Bitget Integrates with TradingView For Crypto Derivatives Trading. Traders can even save on the little fees incurred on them by holding and using KuCoin Shares for trading. Micro-withdrawal wallets, multilayer encryption, and multi-factor authentication are just a few of the security measures available. Unfortunately, KuCoin is not licensed to operate in the U.S . KuCoin has managed to gain immense amounts of popularity in the cryptocurrency space and aims to be one of the top 10 cryptocurrency exchanges by 2019. KuCoin is a crypto exchange headquartered in Seychelles. 2021 CryptoChronicle.io All rights reserved. 1. But its still a great exchange I really like it easy to use for a beginner like me. It accepts customers from many countries and provides easy access to crypto trading for all classes of investors. Please keep photos clearly visible. Founded in Singapore, Bybit doesnt require KYC, although U.S. residents are excluded from trading.