You can also invest in a variety of different coins using the platform, making it an excellent choice for anyone looking to get involved with cryptocurrencies. Then, enter the amount of cryptocurrency you want to trade and click Exchange. Please click on Continue to Get More Benefits to apply. Theres reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits. It is FREE to use KuCoin P2P to buy or sell cryptocurrency. Low fees, a fast trading engine and advanced bidding tools are among the features that, is a popular derivatives exchange that could become a lot more popular if Bitmex introduces KYC, as has been rumored. The platform provides services to countries such as Turkey, India, Japan, Canada, the UK, Singapore and many others. . KuCoin. Bybit. Can you use KuCoin? 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. 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. If you cannot watch the video, don't worry, you can continue reading the article, and we will guide you step by step. May 31, 2022 Guides, KuCoin. Furthermore, they have access to different trading strategies. Over 300 people work for the company around the world. KuCoin is a cryptocurrency exchange platform that relies on KYC/AML policies to protect its traders and investors from fraud (as cryptocurrency exchanges operate on a marketplace) and comply with the regulations of the country they are based in. Find the next #crypto gem on #KuCoin, the People's Exchange | Launched in September 2017, KuCoin is a global cryptocurrency exchange with its . KYC verification is quite common in centralized exchanges. The exchange holds regular airdrops and allows users to earn USDT for lending BTMX. 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. KuCoin is an excellent choice for crypto traders. 5. 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. Please check it carefully and adjust accordingly when you make another submission. Kindly click "Supplement Information" to revise it and resubmit and we'll verify it timely. KuCoin has also increased the withdrawal limit for KYC verified accounts from $0 to $1,000 per day. The support representatives usually reply in a timely manner in a friendly and professional fashion. I never used one. 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. All deposits and withdrawals can be easily done in a matter of second via the users assets page. KuCoin is a popular crypto exchange available in 200+ countries, including Canada. Why has KYC Verification Failed?If you are notified that Your KYC verification is Failed by email/SMS, No worries, please log in to your KuCoin account, click "KYC Verification", you'll find the incorrect information highlighted. . After joining the exchange, you will be able to deposit some of your cryptocurrency funds or use KuCoin Buy Crypto to begin trading. It ensures that investment advisors know detailed information regarding various elements about their clients. 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. Nigeria can use Kucoins P2P cryptocurrency exchange, which is simple to use and has no fees for transactions. The mobile app is available for both Apple and Android devices and operates very smoothly. We are a digital asset exchange company that was established in September 2017. 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. It swiftly became one of the most popular crypto trading sites. If you live in the United States, KuCoin's lack of KYC verification is a red flag. KuCoin is a centralized cryptocurrency exchange, and according to CoinMarketCap, it has approximately 503 tradable cryptocurrencies. The simple answer is yes. The sites user interface is simple to use, and it has an extensive product offering. Part 3: Other common issues about KYC Verification. The KYC is carried out to stop illegal actions like money laundering or fraud, protecting both the company and the client. Bitmax is a popular altcoin exchange thats carved out a niche since launching in 2018. They have implemented a number of security checkpoints within their interfaces in addition to encryption of bank-level assets and data. Create an account to follow your favorite communities and start taking part in conversations. KuCoin is a great alternative to . KuCoin, a well-known cryptocurrency exchange, offers a variety of cutting-edge products and services. Gate.io Startup Free Offering: The Three Kingdoms(TTK) and Announcement of Free Distribution Rules(1,250,000 TTK free of charge) About Gate. KYC certified accounts have a daily withdrawal limit of up to $500 if they are subject to KYC1 and KYC2. CopyRight 2017 - 2023 KuCoin.com. 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. There is a fixed 0.1% trading fee associated with each transaction. ago The KYC list of countries supported by KuCoin will be found on your User Profile/Account Setting under KYC Verification. For now, though, spot trading can be accessed without requiring KYC, and you can withdraw up to 2, is a popular altcoin exchange thats carved out a niche since launching in 2018. Fiat deposits can be made with credit or debit card and theres no KYC requirement, with a 2 BTC daily withdrawal limit. KuCoin is estimated to have at least 10 million users spread over 200 countries worldwide. It has a web interface as well as a popular mobile cryptocurrency app. As mentioned earlier, KuCoin only retains 10% of the fees they charge, returning 90% of the fees to the users of the platform. Block Dx is a decentralized cryptocurrency exchange run by Blocknet Protocol and not requiring KYC verifications. KuCoin doesn't have a license to operate in the USA yet. KYC Verification. For individual accounts, please go to KYC VerificationIndividual Verification, click "Start Verification"to complete your KYC. Please note, that to compile this list only well-known and 100% legit exchanges were used. Because KuCoin is based in Hong Kong, it is accessible from all over the world. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. The Complete KuCoin KYC Countries List. 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. 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's a popular option for investors who prioritize privacy and anonymity as it doesn't require users to KYC (verify identity) in order to buy, sell and . Copyright 2023 Help With Penny. Block DX. KuCoin is in third place among cryptocurrency exchanges by 24-hour trading volume. That is due to a lack of US licensing for Kucoin. 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. Users must use a Virtual Private Network (VPN) to gain access to the full platform. For more information, please see our For one thing, U.S. citizens must trade on Binance US, which comes with KYC. If a user's country is not included in the list, unfortunately, we are temporarily unable to . KYC is an acronym for 'Know Your Client'(or in some cases, 'Know Your Customer'). But as said before, you are still able to trade with just your e-mail, if you get your starting crypto-coins elsewhere. The exchange has also had regulatory issues in countries like The Netherlands and Canada. Bybit is the second-best Crypto exchange that is based in Singapore but offers services to 180 countries including Bahrain. The majority of people who trade crypto-to-crypt trades with this amount of information are satisfied. Yes. Another area that KuCoin excels in is their very generous bonuses and promotions. Even though BitMAX doesn't require KYC, customers from certain countries, including the United States, are not allowed to trade on the platform. It is made up of the Atlantic Ocean islands of Antigua and Barbuda. To do this, go to the Markets page on their website and select the currency you want to trade for. Advertisement. Unlike other exchanges, which directly report to the IRS, KuCoin does not have a US license. KuCoin, headquartered in the Seychelles, is a major global cryptocurrency exchange. You can withdraw $5,000 USD per hour without KYC and $1,000,000 USD per hour with KYC. If youre looking for an alternative to traditional exchanges, you should seriously consider it. What is the real reason for KuCoin being safe? 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. KuCoin has not made any adjustments to our policies. When looking at the weakest KYC countries in the world, CipherTrace analysts discovered that 60% of the top 10 worst KYC countries in the world are in Europe, 20% are in Latin American and Caribbean countries, and the final 20% are in APAC countries. 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. Or we can not pass your KYC verification;2. KuCoin KYC and Account Verification. These users have access to KuCoins Staking feature, which can be used to earn rewards. These days, its taken as a given that KYC must be endured to trade cryptos on centralized exchanges. Would they figure out you're not when it's a US bank? The ID document must be the original version. We do strongly suggest our clients complete the KYC verification. Below is a good example of a selfie photo for your reference. I usually go for whatever the price of the coin is immediately at that moment. Be. It's a mix of top tier, mid and low, so you still have access to coins listed on Binance without having to h. In an effort to protect your account and digital assets, the exchange has added a trading password as a new feature. KuCoin is not the only exchange that does not have a US license, and it is not the only one. KuCoin has only one standard account type that is the same for all users. 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. 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. Currently, it has more than eight million users across 207 countries all over the world. Please be reminded that KYC is not mandatory here in KuCoin. It was founded in 2017 and is based in San Francisco, California. KuCoin makes trading on the exchange as simple as possible because your digital assets are safe. 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. Completing each level will enable you to access more services on the platform. If we took into consideration exchanges with small safety scores but really large trading volumes like cryptocurrency Exchange Deepcoin. 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. Create BitMAX Account. Stronger compliance, via more robust identification procedures, could help crypto shed its perceived . US citizens can use KuCoin, but that doesnt mean all features. By completing different levels of KYC verification on KuCoin, you will be able to enjoy more privileges. For institutionalaccounts, please go to KYC Verification, click Switch to Institutional Verificationand then "Supplement Information" to finish your KYC. If you meet problems when uploading the identity information and photos, kindly suggest to checking the following factors:1. We strongly advise our clients to complete the KYC verification process. Updated: February 8, 2023. The Blocknet is a blockchain interworking protocol that permits private & public blockchains to liaise, converse, and for individuals to trade cryptocurrencies across the platforms. The exchange has over 300 trading pairs, supports over 180+ countries, and with 100x leverage it can offer maximum profit opportunities. Sale, account verification, KYC service. Dont want to get your crypto stolen? KuCoin has not made any adjustments to our policies. The Kucoin team has worked hard to make the platform user-friendly and available in a variety of languages. They can buy cryptocurrencies on the KuCoin P2P Fiat Trade. The vast majority of countries are unable to use all of KuCoins features. Finally, and this applies to using all centralized exchanges, regardless of KYC, dont leave all your crypto on there. Since its inception in 1993, it has grown to become one of the worlds largest exchanges by trade volume, with more than 10 million users and a presence in over 200 countries. 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. Kai's been manipulating words for a living since 2009 and bought his first bitcoin at $12. The native token (KCS) of KuCoin is a low-cost, rewards-based payment method. It allows users to earn crypto by lending or staking through its Pool-X. There are some caveats though. Moreover, KYC verification is highly recommended on KuCoin because such KYC information can help you recover your KuCoin account quickly in the event of you forgetting your credentials for accessing the platform or your account being taken over by others due to the leakage of personal information. Ride With BitKeep and Seize the Opportunity as Arbitrum Argonaut Makes Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3. Deposits are made by sending cryptocurrencies to your KuCoin wallet address. KuCoin has not made any adjustments to our policies. The top fiat currencies with which you can buy coins are USD, EUR, CNY, GBP, CAD, AUD, and many more . FIAT services are locked for only verified users. Why KYC Verification Failed. Currently, the platform supports two levels of individual KYC: Basic and Advanced Verification. Its most popular product is its BTC-USD perpetual swap, although Bybit also offers futures for XRP, EOS, and ETH. KuCoin, a cryptocurrency ecosystem with an increasing number of services, is on the verge of being a truly exciting ecosystem. , . When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. Currently, the platform supports two levels of individual KYC: Basic and Advanced Verification. Theres reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits. As a result, people can use their email addresses to trade cryptocurrency without having to verify their accounts. Fees charged by KuCoin range from 0.0125% to 0.1%, depending on your tier level. Because you cant complete the KYC process as KuCoin is not licensed to operate in the United States. This may impact how, where and which products / companies / services we review and write about. The Complete Binance Supported Countries List. Supplement individual information and click "Submit", your KYC1 will be approved soon. Simply complete a Bitcoin address search to view it on the blockchain. Theres 24-hour customer support and trading fees are reduced by 50% for holders of the native NMX token. Withdrawal Limits. KuCoin, an upcoming cryptocurrency exchange, has already made a name for itself in the cryptocurrency community. The consent submitted will only be used for data processing originating from this website. Weex is well-known . The exchange holds regular airdrops and allows users to earn, , Kucoin among them. How to Recover Stolen Cryptocurrency? Deposits and withdrawals are free, but each cryptocurrency has its own set of fees and charges. 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. 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. There is a risk in . Please "Upload Identity Document Photo" to supplement the information. However recently I heard some rumors that KuCoin will close accounts from Iraq and other countries. The exchange was founded in 2013 by Michael Gan and Jack Zhu. Please login KuCoin account, click KYC Verification under the avatar, and fill in the requested information. As a result, the majority of crypto exchanges now enforce KYC. Please follow our prompts to take a photo and pay attention to check if the text information is written as required. Please note that the areas highlighted with * are required. then you cash out the same way. KuCoin is a crypto exchange based in Seychelles that was established in 2017. The CEO and original founder of KuCoin, Michael Gam, formerly worked at Ant Financial which is the most valuable Fintech company in the world. The trading platform utilizes all the features an experienced trader would expect and is easy enough for new traders to grasp. Kucoin US is a digital asset exchange company. Getting started in the crypto scene is simple with KuCoin, which offers low fees and a large number of coins to choose from. Are US users allowed to do KYC? (Not financial advice! It now has over 10 million users and a presence in over 200 countries around the world. This includes virtual currencies. CopyRight 2017 - 2023 KuCoin.com. Let us know in the comments section below. About this app. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. Why KuCoin Uses KYC 2. Stop, Stop Limit, Trailing Stop, and Scaled are among the order types that can be placed on Nominex. The legislation is tailored to regulate the taxation of sales and profits in the countrys market read more. The KuCoin exchange does not impose a mandatory KYC verification, and you can sign up with your email address only and trade anonymously. Kucoin is a digital asset exchange based in China. Get the latest news and insights from the crypto world. But their account will remain unverified. But your account will be limited. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. One of the best things about Bybit is its guides to margin trading. Johnny Lyu is the CEO of KuCoin, a cryptocurrency exchange based in Singapore. Get the latest news from the World of Finance & Cryptocurrencies handmade by Help With Penny. Generally speaking, KYC exchanges that are fully regulated offer better protections for their customers, and there may be greater redress in the event of something going wrong, such as a hack. of you holding the identity document, and a handwritten note. Conclusion Ever see those peeps selling crypto on craigslist and wonder why? KuCoin has also added the ability for KYC verified accounts to enjoy a higher daily withdrawal limit. More posts you may like r/kucoin Join 15 days ago Me: 98 19 r/binance Join 27 days ago Waiting for buying opportunity again :< 250 25 r/binance Join KuCoin features a wide variety of cryptocurrencies to trade and continue to add new coins all the time. 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. What is KYC? Open KuCoin account 2. May 30, 2022 Guides, KuCoin, Security. Should you have further concern, please contact our support team. Some users on the exchange are concerned about being taxed on their gains due to this concern. KuCoin is a relatively new cryptocurrency exchange based out of Hong Kong. The worlds largest cryptocurrency exchange is also a bastion of KYC-less trading. Trade safe, be smart, and keep your identity private by avoiding surveillance exchanges. The list of countries that Kucoin supports for Know Your Customer (KYC) verification are: United Arab Emirates (UAE), Bahrain, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Kuwait, Malaysia, Oman, Qatar, Russia, Saudi Arabia, Singapore, South Korea, Spain, Switzerland, Taiwan, Thailand, Turkey, the United It provides excellent customer support, with a quick response time and a solution to your problem within a few hours. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Bybit is a popular derivatives exchange that could become a lot more popular if Bitmex introduces KYC, as has been rumored. 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. KYC may also be important in improving crypto's public image throughout the economy. 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. Sadly its for tax reasons and makes a ton of sense. I also hope your cryptocurrency trades work out!See you in the next article! If you live in the United States, you can still use Kucoin, but it will be limited. KuCoin lets you buy, sell, and store a wide range of cryptocurrencies. In 2018, the exchange announced a 20 million USD Round-A-Funding from Matrix Partners and IDG Capital. KuCoin . Please ensure the certificate of identity is consistent with you. Financial institutions use KYC processes to confirm the identity of their customers. 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. Read More. Kucoin Verification Failed You can get the Coinbase Wallet for free. This makes it one of the most accessible exchanges for users looking to buy, sell, or trade cryptocurrencies. We highly recommend that you use this companys customer service because they are responsive and will respond to your questions as soon as possible. Many exchanges operate partial KYC, Kucoin among them. The exchange supports fiat currencies like EUR, CZK, NZD, HUF, CAD, etc., through Simplex, Banxa, and OTC. Identity verification acts as a deterrent against people . It is critical to remember that hacks can happen on centralized exchanges. Micro-withdrawal wallets, multilayer encryption, and multi-factor authentication are just a few of the security measures available. Furthermore, KuCoin is a member of the Association of Cryptocurrency Exchanges (ACX), a group that promotes best practices and customer service among cryptocurrency exchanges. However, this can vary depending on the number of users completing the process at the same time. The exchange was established in May 2017 by an experienced team of blockchain and cryptocurrency professionals who. 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 No KYC requirements. Tokoin, Lukso, Coti, Chromia, MultiVAC, Bitbns, and Trias have all received funding from the launchpad. KuCoin cryptocurrency exchange's service is not limited to buying and selling or exchanging crypto tokens for altcoins or fiat currencies.