Copyright 2023 Help With Penny. Hello I am from the USA and it says both here and on your website it is fine for us citizens to use kucoin. But can you use KuCoin without KYC? 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 . At this point in time, KuCoin advertises itself as the top 1 altcoin exchange platform. The Kucoin team has worked hard to make the platform user-friendly and available in a variety of languages. Users who complete KYC certification will also be able to participate in the Fiat-Crypto service provided by the KuCoin. 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. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Bybit. kucoin_moderator 2 yr. ago. Cyprus is a country in the Czech Republic. Please click "Start Verification" on theIndividual Verification screen, enter KYC1 verification screen. KuCoin has only one standard account type that is the same for all users. You can get the Coinbase Wallet for free. After KYC1 is approved, proceed to complete Advanced Verification, you will get more trading benefits. It allows users to earn crypto by lending or staking through its Pool-X. KYC verification is quite common in centralized exchanges. 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. How to Complete KYC Verification 3. 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 has also increased the withdrawal limit for KYC verified accounts from $0 to $1,000 per day. Hot wallets are used by users to store digital assets that they have no control over. Kucoin is available in over 190 countries and territories around the world. You will also be required to upload a selfie photo of you holding the identity document, and a handwritten note. Ride With BitKeep and Seize the Opportunity as Arbitrum Argonaut Makes Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3. The vast majority of countries are unable to use all of KuCoins features. Please click on Continue to Get More Benefits to apply. Some users on the exchange are concerned about being taxed on their gains due to this concern. KuCoin officially implemented it in November 2018. If a user's country is not included in the list, unfortunately, we are temporarily unable to . What is the real reason for KuCoin being safe? The maximum leverage available on KuCoin futures is 100x, but users need to pass KYC first. 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. Theres 24-hour customer support and trading fees are reduced by 50% for holders of the native NMX token. , . Currently, the Kucoin website and trading platform are available in English, Korean, Japanese, Russian, Chinese, and Spanish. Founded in Singapore, Bybit doesnt require KYC, although U.S. residents are excluded from trading. On the right side of the trading window, enter the number of coins you'd like to short underneath Amount. Press question mark to learn the rest of the keyboard shortcuts. KuCoin has not made any adjustments to our policies. For one thing, U.S. citizens must trade on Binance US, which comes with KYC. How to Recover Stolen Cryptocurrency? The ID document must be the original version. Customer support of KuCoin is quite robust. . KuCoin. There are a number of benefits for both Binance and our users: 1. Up to 3 BTC a day can be deposited and withdrawn without requiring KYC. 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. Press question mark to learn the rest of the keyboard shortcuts. One of the biggest crypto exchanges in the world. You can buy KuCoin's native token (KCS) to reduce. This table does not include all companies or all available products. It has a web interface as well as a popular mobile cryptocurrency app. Would they figure out you're not when it's a US bank? The ability to exchange money in the United States is limited due to a lack of a proper operating license. Below is a good example of a selfie photo for your reference. As well, support is available through email and a simple yet informative FAQ page. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. KuCoin users can access their accounts via desktop, Android, and iOS mobile devices. Completing each level will enable you to access more services on the platform. Privacy Policy. I think if you are involved in the world of cryptocurrencies, you must have heard of this platform. Because KuCoin allows users to use almost any service in the United States, it is possible to do so, but leverage trading and unlimited withdrawals are not permitted. 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In an effort to protect your account and digital assets, the exchange has added a trading password as a new feature. All Rights Reserved. How To Create A Kucoin Account And Deposit Funds, How To Send Cardano From Ledger Nano S To Bittrex, How To Transfer Tokens From Kucoin To Metamask, How To Do Your Kucoin Taxes In A Simple And Straightforward Way. Many reasons may lead to the failure or rejection of KYC verification. Unlike other exchanges, which directly report to the IRS, KuCoin does not have a US license. 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? Once it is submitted, the information cannot be modified until the review result is published. Gate.io Startup Free Offering: The Three Kingdoms(TTK) and Announcement of Free Distribution Rules(1,250,000 TTK free of charge) About Gate. Please make sure the identity document photos are consistent with the ID information provided in KYC1. Fees charged by KuCoin range from 0.0125% to 0.1%, depending on your tier level. Although the liquidity could be better, Kucoin has a lot of things in its favor. It is made up of the Atlantic Ocean islands of Antigua and Barbuda. It is not the case that only shadowy individuals seek KYC-less exchanges, such as for tax evasion or criminal purposes. Select the crypto you'd like to short. November 24, 2022. stakingKCS allows users to profit from the daily exchange profits. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Manage Settings KuCoin is estimated to have at least 10 million users spread over 200 countries worldwide. All of the features listed below have been verified by KuCoin and can be used to verify your KYC. Trader-focused PrimeXBT exchange offers a diverse range of markets to traders. I hope you have found your country in the list of KuCoin supported countries. Supplement individual information and click "Submit", your KYC1 will be approved soon. The number of crypto and fiat currencies is always increasing. Create an account to follow your favorite communities and start taking part in conversations. KuCoin is one of many exchanges that have been targeted in the past. 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 In addition, KYC is effective at reducing fraud, money laundering, and terrorist financing, among other things. KuCoin supports countries like UK, US, Canada, Australia, Singapore, India, Japan, etc. Buy Dogecoin on KuCoin With PayPal: Step-By-Step Guide Best Apps to Buy Crypto With PayPal KuCoin is one of the worlds most widely used exchanges, with a robust selection of coins to choose from. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. Find the next crypto gem on www.kucoin.com, People's Exchange. Google authenticator and email confirmations can be enabled for withdrawals to ensure the highest level of security. In 2023, Weex released the English version of their website, which is what brings us to review this exchange. Please click on Start Verification on the Individual Verification page. The top fiat currencies with which you can buy coins are USD, EUR, CNY, GBP, CAD, AUD, and many more . Your trade will be executed instantly. Out of respect to the company's operational requirements, we are only providing service for countries listed in the KYC countries list (USA is not included), in order to comply with all applicable laws and regulations. Know Your Customer (KYC) legislation requires businesses to verify the identity of individuals using their service, particularly where the transmission of money is involved. KuCoin Restricted Countries. Its most popular product is its BTC-USD perpetual swap, although Bybit also offers futures for XRP, EOS, and ETH. As with most cryptocurrency exchanges, KuCoin is not regulated by any reputable regulatory agencies. After joining the exchange, you will be able to deposit some of your cryptocurrency funds or use KuCoin Buy Crypto to begin trading. KuCoins cryptocurrency and trading pairs exchange is a great place to start with the most diverse range of cryptocurrencies available. However, thats due to the fact, that users on Deepcoin are trading with large leverage Deepcoin allows up to 125x. As cryptocurrency regulations mature, KuCoin and their CEO are sure to strive for regulation. Theres reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits.