Does KuCoin Require KYC and How to Complete It?

KuCoin, a popular cryptocurrency exchange, does require Know Your Customer (KYC) verification for certain users. This means you'll need to provide identification documents to access higher limits and certain features.

To start the KYC process, you'll need to log in to your KuCoin account and navigate to the "Identity Verification" page. From there, you'll be prompted to upload a valid government-issued ID and take a selfie.

KuCoin accepts various types of IDs, including passports, driver's licenses, and national ID cards. Make sure to upload a clear and high-quality image of your ID to avoid any issues.

KuCoin is a safe cryptocurrency exchange to buy, sell, send, and trade digital assets, but it's essential to note that you should never keep cryptos on an exchange except for trading.

To complete the identity verification process on KuCoin, you'll need to provide your personal name, passport, ID card, or driver's license, and a working camera to scan your ID and face.

The identity verification process on KuCoin involves several steps, including selecting your country and ID type, entering your first and second name, ID number, and scanning your ID and face.

Here are the benefits of completing identity verification on KuCoin:

Failing to complete the identity verification process on KuCoin will restrict the amount of money users can withdraw to 2 BTC, roughly $17,000.

Completing identity verification on KuCoin comes with a range of benefits that make the process well worth your time. You'll be able to enjoy more functions and higher daily withdrawal limits on the platform.

One of the main benefits is increased access to account functions. With a verified account, you'll be able to link and change security settings, freeze your account, delete it, create a sub-account, and even participate in the affiliate program.

You'll also be able to deposit fiat currencies, buy crypto via P2P, and withdraw fiat currencies, among other things. Spot trading will be available to you, and you'll be able to create and manage APIs.

Additionally, you'll be able to participate in token events for promising projects through KuCoin Spotlight, and your account will be protected from unauthorized use. If you forget your credentials or your account is compromised, the information you provide during verification will help you recover your account swiftly.

Here are the specific benefits you can enjoy with a verified account:

Overall, completing identity verification on KuCoin opens up a world of possibilities for you to enjoy the full range of features and benefits the platform has to offer.

You'll need to verify your identity to use KuCoin's advanced features, including trading and withdrawals. To do this, you'll need to provide personal particulars, such as your name, and a valid ID, like a passport or driver's license.

The verification process is straightforward, and you can complete it on the KuCoin website or through their mobile app. You'll need a working camera to scan your ID and face.

Here are the steps to complete identity verification on KuCoin:

If you encounter any issues during the verification process, you can try updating your browser or contacting KuCoin's support team for assistance. Some common errors include face scanning errors or issues with uploading photos.

Once you've completed identity verification, you'll be able to enjoy more features and benefits on KuCoin, including higher daily withdrawal limits and access to KuCoin's fiat-to-crypto services.

KuCoin has introduced KYC checks, which will restrict users who don't sign up to a daily withdrawal limit of 2 BTC, roughly $17,000.

This change is part of KuCoin's efforts to ensure compliance with developing regulations in the crypto industry.

Failing to complete KYC will indeed restrict the amount of money users can take off the exchange.

KuCoin's decision to introduce KYC is reportedly to "ensure KuCoin remains compliant with the developing regulations in the crypto industry".

Users will have the option to complete the authentication process when they log onto their account.

Regulatory pressure has led to many prominent cryptocurrency exchanges integrating KYC controls.

KuCoin's 24h trading volume is just under $64m, according to CoinMarketCap.

The exchange has a reputation for hosting new tokens more quickly than established competitors.

Completing trades on KuCoin requires a verified account, and the process of identity verification is relatively straightforward. You'll need to provide your personal name, passport, ID card or driver's license, and a working camera to scan your ID and face.

To complete the KYC verification, you can follow these steps: click on "Identity Verification", select the type of verification you want to do, choose your country and type of ID, enter your first and second name, and ID number, and finally, hold your ID and scan your face using your camera.

The benefits of completing identity verification on KuCoin include increased withdrawal limits, access to fiat-to-crypto services, and compliance with global financial regulations. You'll be able to withdraw up to 3000 BTC a day with the highest level of verification, and you'll also be able to use the Fiat-Crypto deposit service.

Here are the daily withdrawal limits for different verification levels:

Completing identity verification also makes it easier to retrieve your account in case of unauthorized access by third parties. And, as an added bonus, you'll be able to participate in token events for promising projects through KuCoin Spotlight.

Overall, completing identity verification on KuCoin is a simple process that offers numerous benefits, including increased security, compliance with regulations, and access to advanced features.