The website, which is registered in the Seychelles, has a very simple interface. Kucoin is available in over 190 countries and territories around the world. However, there may be users who want to withdraw a lot of cryptocurrency at once. There is no doubt that centralized exchanges are not without their risks, but they are a safer option than using a decentralized exchange, which is also vulnerable to hacking. 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. One ID is eligible for a maximum of 3 KuCoin accounts only;2. 1 20 20 comments Best Add a Comment kucoin_moderator 8 mo. Contracts can be traded for up to $10,000 with as little as $100 in the account of a user. We hope this article has been helpful. But as said before, you are still able to trade with just your e-mail, if you get your starting crypto-coins elsewhere. Getting started in the crypto scene is simple with KuCoin, which offers low fees and a large number of coins to choose from. In this article, well take a look at the countries where Kucoin is available and discuss some of the benefits of using this exchange. Full KuCoin KYC (and all features) is available in the following countries (alphabetical): A Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan B Bahamas Bahrain Bangladesh Belarus Belgium Belize Benin Bhutan Bolivia Botswana Brazil Brunei Bulgaria Burkina Faso Burundi C Cambodia Cameroon Canada Cape Verde It may sound scary that your account will be limited, but the limit for unverified accounts is quite high. Press question mark to learn the rest of the keyboard shortcuts. Also, the platform features advanced trading and analysis tools complete with technical indicators and charting that are powered by TradingView. Advertisement. The image format should be JPG and PNG. KYC Verification. We are headquartered in Hong Kong and have offices in Singapore, Thailand, and the Philippines. Should you have further concern, please contact our support team. Please login KuCoin account, click KYC Verification under the avatar, and fill in the requested information. Your trade will be executed instantly. What is the real reason for KuCoin being safe? Their platform is user-friendly and has a diverse range of features. 1. The exchange supports fiat currencies like EUR, CZK, NZD, HUF, CAD, etc., through Simplex, Banxa, and OTC. For individual accounts, please go to KYC VerificationIndividual Verification, click "Start Verification"to complete your KYC. Trader-focused PrimeXBT exchange offers a diverse range of markets to traders. Users of the exchange's P2P Fiat Trade can trade USD/USDT, USD/ETH, and USD/BTC pairs. I also hope your cryptocurrency trades work out!See you in the next article! stakingKCS allows users to profit from the daily exchange profits. For retail investors, please go to KYC Verification Individual Verification, and click on Start Verification to submit your information. All Rights Reserved. Get the latest news from the World of Finance & Cryptocurrencies handmade by Help With Penny. He specializes in writing about darknet markets, onchain privacy, and counter-surveillance in the digital age. Only deposit what you actively need for trading purposes and keep the rest of your stack in a noncustodial wallet. KuCoin is a relatively new cryptocurrency exchange based out of Hong Kong. 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. You will also be required to upload a selfie photo of you holding the identity document, and a handwritten note. In order to buy, sell, and trade cryptocurrencies, all you have to do is sign up for KuCoins platforms and log in when you want. Kucoin is a digital asset exchange based in China. All Rights Reserved. A More Secure Trading Environment For Users. Unlike many other cryptocurrency exchanges, KuCoin offers their traders mobile trading through their downloadable mobile application. 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 has not made any adjustments to our policies. However recently I heard some rumors that KuCoin will close accounts from Iraq and other countries. KuCoin is a cryptocurrency exchange that operates outside of the United States. To do this, go to the Markets page on their website and select the currency you want to trade for. There are some caveats though. Reddit and its partners use cookies and similar technologies to provide you with a better experience. By completing different levels of KYC verification on KuCoin, you will be able to enjoy more privileges. Thank you! Thus, depending on how much money in total is being utilized to exchange both to and from FIAT currencies and between cryptocurrencies at the same time.It will take some time for KuCoin to reach the first position, but it is already very close to occupying the second position. KuCoin cryptocurrency exchange's service is not limited to buying and selling or exchanging crypto tokens for altcoins or fiat currencies. KuCoin doesn't have a license to operate in the USA yet. As previously stated, if you want to use advanced features, you must first verify your account. The HDF Educational Welfare Report: CoinEx Charity Empowers Childrens Education Through Bitget Integrates with TradingView For Crypto Derivatives Trading. November 24, 2022. KuCoin is not a regulated exchange under any financial regulatory agency. 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 has a strong focus on the Chinese market but also allows international users to trade on its platform. , . The . As well, support is available through email and a simple yet informative FAQ page. 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 one of the most popular exchanges that supports a wide range of currencies and nations. May 31, 2022 Guides, KuCoin. Conclusion But its still a great exchange I really like it easy to use for a beginner like me. KuCoin has been licensed and regulated by the Seychelles Financial Services Authority (SFSA). There are a number of benefits for both Binance and our users: 1. KuCoin supports individual verification and institutional verification. If you choose to trade with another cryptocurrency, you can still use your e-mail address. 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. 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. Another way to receive bonuses is to hold KuCoin Shares. Which wallets can I use in Kucoin? If you use a VPN, your privacy will be protected. KuCoin supports a large number of countries around the world, such as India, Turkey, Japan, Canada, the UK, Singapore and many others. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. Create an account to follow your favorite communities and start taking part in conversations. Please reach out to our 24/7 customer support via online chat or submit a ticket if you have any other questions. Kucoin would be 27th. Ride With BitKeep and Seize the Opportunity as Arbitrum Argonaut Makes Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3. 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. 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. KuCoin implemented a Know Your Customer (KYC) program in November 2018. KuCoins reputation as a highly secure and reliable exchange is well deserved. Privacy Policy. The platform has a very user-friendly design and interfaces making it ideal for both new and experienced traders. Founded in Singapore, Bybit doesnt require KYC, although U.S. residents are excluded from trading. How to Trade on KuCoin with No . Rewards will be provided to users who inform us of the above. 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. 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. Users who complete KYC certification will also be able to participate in the Fiat-Crypto service provided by the KuCoin. Hello I am from the USA and it says both here and on your website it is fine for us citizens to use kucoin. For one thing, U.S. citizens must trade on Binance US, which comes with KYC. The maximum leverage available on KuCoin futures is 100x, but users need to pass KYC first. Its easy to browse and select which cryptocurrency assets and markets to trade. Fill in information such as your first name, last name, and ID number, and click on Submit for review. Underneath Price, enter the price you'd like to buy the cryptocurrency. Its most popular product is its BTC-USD perpetual swap, although Bybit also offers futures for, One of the best things about Bybit is its. It is made up of the Atlantic Ocean islands of Antigua and Barbuda. If a user's country is not included in the list, unfortunately, we are temporarily unable to verify the user's KYC. In an effort to protect your account and digital assets, the exchange has added a trading password as a new feature. They can buy cryptocurrencies on the KuCoin P2P Fiat Trade. Press Esc to cancel. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. This platform comes under those with the lowest fees in the market. Is it even possible? 10,000 GBP / 24 hours. As a result, the majority of crypto exchanges now enforce KYC. Would they figure out you're not when it's a US bank? The Seychelles-based exchange (registered in the same locale as Bitmex) operates a popular affiliate program, offers demo accounts for traders finding their feet, and is about to launch daily trading tournaments. Here are six exchanges that fit the bill. Although the liquidity could be better, Kucoin has a lot of things in its favor. Open KuCoin account 2. I have not faced any issues with them thus far. Theres a Bybit mobile app available on the iOS and Google Play stores, while regular trading competitions keep things fresh. Customer support of KuCoin is quite robust. Please follow our prompts to take a photo and pay attention to check if the text information is written as required. They offer more cryptocurrency selection than many other cryptocurrency exchanges and offer trading pairs between BTC, ETH, KCS, NEO & USDT. Completing each level will enable you to access more services on the platform. What is KYC? The company has an overview. First, log in to your KuCoin account, and click on. What KYC does KuCoin perform? The exchange was founded in 2013 by Michael Gan and Jack Zhu. This app now has over 10 million users and is available in over 200 countries. It's worth noting that altcoins and smaller-cap assets tend to lose more money when we have crypto market corrections. You pay a little more to buy but as long as you load it on a burner phone it will not on the grid. Cyprus is a country in the Czech Republic. Previously, the platform only supported Bitcoin as a digital currency, but it has since expanded its list to accept other known digital assets. Please make sure the identity document photos are consistent with the ID information provided in KYC1. In fact, many traders flock to these platforms because they recognize that KYC requirements make everyone less safe through creating a honeypot for hackers. KuCoin is strictly a cryptocurrency exchange and nothing more. 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 KYC is an acronym for 'Know Your Client'(or in some cases, 'Know Your Customer'). KuCoin is pretty incredible given they operate without KYC and offer hundreds of exotic altcoins and low fees. In conclusion, using the KuCoin wallet makes it simple for you to keep your coins safe and accessible. Manage Settings 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. 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. But can you use KuCoin without KYC? Trading Fees. 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. Johnny Lyu is the CEO of KuCoin, a cryptocurrency exchange based in Singapore. 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. KuCoin is a safe exchange as they use the latest encryption technology to help secure its website from hackers. 4. We strongly advise our clients to complete the KYC verification process. Reward amounts will be determined based on the type and relevance of the information provided. KuCoin can be used without undergoing a KYC process, but it comes with a 1 BTC withdrawal limit. But what countries can use Kucoin? Did you ever fix this Im in the same boat. Furthermore, KuCoin is a member of the Association of Cryptocurrency Exchanges (ACX), a group that promotes best practices and customer service among cryptocurrency exchanges. 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. . Kindly, Users from certain countries will not be able to pass KYC verification on KuCoin due to regulatory reasons. Create an account to follow your favorite communities and start taking part in conversations. Are US users allowed to do KYC? We are a leading global digital asset exchange company with over 2 million users from over 200 countries and regions. . Check it out! KuCoin. You can still do plenty of trading on KuCoin without verification, however! KuCoin has not made any adjustments to our policies. Verification on KuCoin is pretty simple. They have their coin Kucoin Shares (KCS) tokens. A bill updating Russias tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. Theres a Bybit mobile app available on the iOS and Google Play stores, while regular trading competitions keep things fresh. However, some countries may have restrictions on using Kucoin. KuCoin, a cryptocurrency ecosystem with an increasing number of services, is on the verge of being a truly exciting ecosystem. I never used one. Finally, and this applies to using all centralized exchanges, regardless of KYC, dont leave all your crypto on there. now you know. 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. Ever see those peeps selling crypto on craigslist and wonder why? 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. KuCoin officially implemented it in November 2018. Deepcoin traders are allowed to use a large amount of leverage their leverage on Deepcoin is up to 125x. Purchase Agreement. kucoin_moderator 2 yr. ago. KuCoins instant exchange makes it simple to trade cryptocurrency instantly. However, the exchange has thus far proven itself to be a reputable exchange has a reputable team and founders operating the platform. 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. 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. This article will help you learn more about how it works, how to do, and other common issues. August 10, 2022 Previous. KuCoin has developed their very own proprietary web-based trading platform. 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. The company intends to calculate a weighted average of a cryptocurrency based on exchanges across multiple major markets. 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. Another area that KuCoin excels in is their very generous bonuses and promotions. 6. Your personal information will be kept confidential. Or you can continue reading this article to understand why and how to complete KYC verification. Currently, the platform supports two levels of individual KYC: Basic and Advanced Verification. Because it does not hold licenses in America, Kucoin users will have restrictions on how much they can withdraw and from where if trading within American borders often making them tempting targets for US-based hackers looking to steal funds! KuCoin is among the most popular Bitcoin exchanges in terms of investor interest today, with a high ratio. 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. Some users on the exchange are concerned about being taxed on their gains due to this concern. 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. and our KuCoin has around 5 million users from 200 countries. For margin trading, however, as well as various other Binance products, KYC is required. 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. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. . Users must use a Virtual Private Network (VPN) to gain access to the full platform. KuCoin does not currently offer fiat deposits for free, but it is possible to make one in the future. Introduction Coinbase, founded in 2012, has grown to become one of the world's largest digital currency exchanges. 2. KuCoin features a wide variety of cryptocurrencies to trade and continue to add new coins all the time. 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. The exchange has also had regulatory issues in countries like The Netherlands and Canada. The size of the image file should be less than 4MB;3. The exchange holds regular airdrops and allows users to earn, , Kucoin among them. Know Your Customer (KYC) legislation requires businesses to verify the identity of individuals using their service, particularly where the transmission of money is involved. Users can use margined contracts to trade Bitcoin (BTC) and Tether (USDT) with leverage of up to 100x. The legislation is tailored to regulate the taxation of sales and profits in the countrys market read more. Compared with many other cryptocurrency exchanges, KuCoin support rises above and beyond. Usually, the result of KYC2 will be published in a few days. You know? US doesnt want anyone cashing out (crypto back to fiat) without available record so they can knock on your door. 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. 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. KuCoin, a well-known cryptocurrency exchange, offers a variety of cutting-edge products and services. Please "Upload Identity Document Photo" to supplement the information. 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. Stop, Stop Limit, Trailing Stop, and Scaled are among the order types that can be placed on Nominex. Even fiat trading pairs are not offered, so traders will need to acquire cryptocurrencies with fiat currency elsewhere before trading on KuCoin. All deposits and withdrawals can be easily done in a matter of second via the users assets page. Weex is well-known . It is critical to remember that hacks can happen on centralized exchanges. 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. 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. KuCoin was hacked in 2020, causing major damage. The KuCoin exchange raised $150 million in mid-2022 and isnt going away anytime soon. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. However, there'll be a withdrawal limit of 5 BTC per 24 hours for unverified accounts. KuCoin KYC consists of KYC1(Basic Verification) and KYC2(Advanced Verification). Kucoin US is a digital asset exchange company. 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? 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. The certificates are required to be an ID card, driver's license, or passport;4. How to Complete KYC Verification 3. Please check it carefully and adjust accordingly when you make another submission. KuCoins cryptocurrency and trading pairs exchange is a great place to start with the most diverse range of cryptocurrencies available. The KYC is carried out to stop illegal actions like money laundering or fraud, protecting both the company and the client. These help traders learn the terms, tricks and tips required to effectively swap derivatives products. Like leading exchanges Binance and Huboi, Kucoin has transitioned into a crypto company that offers a broad range of services, operating under various subdivisions. I simply want to trade with a higher margin on futures, Yeah I tried to get kyc2 verification and it wont give it to me cause I am in the USA. Copyright 2023 Help With Penny. Also at the beginning of this article, you can click on the table of contents and jump directly to the letter of the country you need to see if it is supported by KuCoin for KYC verification.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'helpwithpenny_com-large-leaderboard-2','ezslot_3',183,'0','0'])};__ez_fad_position('div-gpt-ad-helpwithpenny_com-large-leaderboard-2-0'); The following countries have full KuCoin KYC verification and all features can be used: As you may have noticed the US is not included in the KuCoin-supported countries. Bybit features a clean and intuitive layout and good customer support that operates around the clock and in multiple languages.