We are headquartered in Hong Kong and have offices in Singapore, Thailand, and the Philippines. On the right side of the trading window, enter the number of coins you'd like to short underneath Amount. KuCoin is pretty incredible given they operate without KYC and offer hundreds of exotic altcoins and low fees. These are the best crypto exchanges with no KYC. DISCLAIMER: Crypto Chronicle exists to thought provoke and learn from the community. . The software and technical aspects of the exchange were in development since 2011 and tested in 2013 as the project came together. 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. KuCoin has had no reported hacking incidents since July 2020, according to KuCoin statistics. Users who live in the United States, on the other hand, will be subject to additional risk because KuCoin is not yet licensed as a cryptocurrency. Kucoin is available in over 190 countries and territories around the world. About this app. How to Trade on KuCoin with No . 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. In isolated margin mode, the leverage is up to 10x and depends on the trading pair. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Kucoin Kyc United States. KuCoin is an excellent choice for crypto traders. We do not require KYC verification for deposits, trades, or withdrawals. Completing each level will enable you to access more services on the platform. Your personal information will be kept confidential. Part 3: Other common issues about KYC Verification. The HDF Educational Welfare Report: CoinEx Charity Empowers Childrens Education Through Bitget Integrates with TradingView For Crypto Derivatives Trading. KuCoin, a well-known cryptocurrency exchange, offers a variety of cutting-edge products and services. Unlike other exchanges, which directly report to the IRS, KuCoin does not have a US license. However, some of the cons associated with this platform include hard to navigate interface and a sluggish verification process. FIAT services are locked for only verified users. However, there may be users who want to withdraw a lot of cryptocurrency at once. Trader-focused PrimeXBT exchange offers a diverse range of markets to traders. 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. Ambiguous parts of the image are not accepted;3. 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. In fact, many traders flock to these platforms because they recognize that KYC requirements make everyone less safe through creating a honeypot for hackers. Withdrawal Limits. As a result, the majority of crypto exchanges now enforce KYC. As mentioned before, KuCoin has thus far proven to be a reliable cryptocurrency exchange. KuCoin is a crypto exchange headquartered in Seychelles. These help traders learn the terms, tricks and tips required to effectively swap derivatives products. 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. KuCoin is the last standing major exchange that offers any level of trading without KYC, but trading capacity is quite limited . KuCoin is a centralized cryptocurrency exchange, and according to CoinMarketCap, it has approximately 503 tradable cryptocurrencies. Your personal information will be kept confidential. KuCoin has only one standard account type that is the same for all users. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear. 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. Underneath Price, enter the price you'd like to buy the cryptocurrency. Introduction Coinbase, founded in 2012, has grown to become one of the world's largest digital currency exchanges. If a user's country is not included in the list, unfortunately, we are temporarily unable to verify the user's KYC. Additionally, there is a withdrawal limit of 1 BTC for . It provides the exchange with a stable and trustworthy financial institution while also meeting the regulatory requirements of a financial institution. Another way to receive bonuses is to hold KuCoin Shares. Can you use KuCoin? 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. The exchange holds regular airdrops and allows users to earn, , Kucoin among them. It is made up of the Atlantic Ocean islands of Antigua and Barbuda. Kucoin is a digital asset exchange that is available in most countries. Once KYC1 is completed, you will now be able to apply for KYC2 (Advanced Verification) to enjoy more benefits on the platform. Class A coins have the lowest fees, while class C coins have the highest. Please note that the submission of false or invalid information may result in the rejection of the verification. You can trade securely and safely using a VPN while traveling to the United States, and you can access the platform while traveling there. I cannot find it. Finally, and this applies to using all centralized exchanges, regardless of KYC, dont leave all your crypto on there. However recently I heard some rumors that KuCoin will close accounts from Iraq and other countries. 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 As well, the exchange makes money from listing new cryptocurrencies as they must pay a hefty price to be listed on the exchange. . The platform provides services to countries such as Turkey, India, Japan, Canada, the UK, Singapore and many others. We do strongly suggest our clients complete the KYC verification. There are no fees for making a deposit and traders are only charged 0.1% on their trades. KuCoin was hacked in 2020, causing major damage. 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). As one of the most popular cryptocurrency exchanges, Kucoin has gained a loyal following among traders and investors looking for a comprehensive and user-friendly platform. Upon registering on KuCoin you will be given an unverified profile status. I also hope your cryptocurrency trades work out!See you in the next article! Find the next crypto gem on www.kucoin.com, People's Exchange. Your network may also be causing the upload to fail. Part 2: How to complete KYC Verification? Please confirm your information is true and valid, otherwise, it will affect your audit result. 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. If you meet problems when uploading the identity information and photos, kindly suggest to checking the following factors:1. The Blocknet is a blockchain interworking protocol that permits private & public blockchains to liaise, converse, and for individuals to trade cryptocurrencies across the platforms. By entering a unique trade password, users can validate platform transactions and access their accounts. Copyright 2023 Help With Penny. 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. 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. Users are not required to verify their identities and can create an account in a matter of minutes. 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. All Rights Reserved. Thank you! This may impact how, where and which products / companies / services we review and write about. But its still a great exchange I really like it easy to use for a beginner like me. KuCoin, despite being a completely legal cryptocurrency, was recently the subject of a major hack. Furthermore, Robinhood and Coinbase are not regulated in the United States. Altho then you are on video withdrawing so gov could still find out if they really want to. Press Esc to cancel. 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. KuCoin is one of the worlds most widely used exchanges, with a robust selection of coins to choose from. They offer more cryptocurrency selection than many other cryptocurrency exchanges and offer trading pairs between BTC, ETH, KCS, NEO & USDT. We have prepared a two-minute video to show you how it can be completed in a few clicks. Its most popular product is its BTC-USD perpetual swap, although Bybit also offers futures for XRP, EOS, and ETH. You will need to use a VPN to gain access to Kucoin while in the United States. Hey Ive been using KuCoin for more than a year now and everything runs smoothly, I live in Iraq and dont have KYC verification. Mobile trading The mobile web version of the exchange allows users to trade on the go. Another area that KuCoin excels in is their very generous bonuses and promotions. Last December, the renowned professional skateboarder Tony Hawk released his Last Trick non-fungible token (NFT) collection via the NFT marketplace Autograph. Cyprus is a country in the Czech Republic. The vast majority of countries are unable to use all of KuCoins features. We offer a professional, secure and user-friendly service with the lowest . In addition, KuCoin's crypto loan service for specific interest rates differs from the other crypto exchanges in the world. Users who prefer to trade on the go can do so by downloading KuCoins mobile app for both Android and iOS devices. Please click "Start Verification" on theIndividual Verification screen, enter KYC1 verification screen. Get the latest news from the World of Finance & Cryptocurrencies handmade by Help With Penny. As a result, the majority of crypto exchanges now enforce KYC. Bybit is a popular derivatives exchange that could become a lot more popular if Bitmex introduces KYC, as has been rumored. Please follow our prompts to take a photo and pay attention to check if the text information is written as required. Scan the QR code to login KuCoin, From now on, you can market ticker in real time. If you live in the United Kingdom and want to buy KuCoin, this is a simple process. Your trade will be executed instantly. You don't want to be caught in a scenario where you have lower trading . Its easy to use for one thing and lists a number of tokens that arent available on major exchanges. The worlds largest cryptocurrency exchange is also a bastion of KYC-less trading. Users who complete KYC certification will also be able to participate in the Fiat-Crypto service provided by the KuCoin. A bill updating Russias tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. Rest assured that on KuCoin, KYC is not mandatory, you can still do transactions even if you are not verified yet. We strongly advise our clients to complete the KYC verification process. US citizens can use KuCoin, but that doesnt mean all features. KuCoin is fastly becoming one of the worlds largest cryptocurrency exchanges. KuCoin, a cryptocurrency ecosystem with an increasing number of services, is on the verge of being a truly exciting ecosystem. It is not the case that only shadowy individuals seek KYC-less exchanges, such as for tax evasion or criminal purposes. The KYC is carried out to stop illegal actions like money laundering or fraud, protecting both the company and the client. Your information can be modified before submission. Compared with many other cryptocurrency exchanges, KuCoin support rises above and beyond. KYC is required + US Customer Friendly. If you live in the United States, you can still use Kucoin, but it will be limited. Deposits are made by sending cryptocurrencies to your KuCoin wallet address. The . KuCoin is in third place among cryptocurrency exchanges by 24-hour trading volume. KuCoin makes trading on the exchange as simple as possible because your digital assets are safe. Please check it carefully and adjust accordingly when you make another submission. (flag the Mobile App box for that) and platforms that require KYC (flag the Without Verification box for that). The size of the image file should be less than 4MB;3. It supports over 370 coins, making it one of the most diverse crypto exchanges. Please click on Start Verification on the Individual Verification page. This tutorial will guide you through the steps to verify individual KYC on KuCoin. Press J to jump to the feed. In the United States, there are no KuCoin-supported countries. How to Find Your KuCoin Referral Code. Founded in Singapore, Bybit doesnt require KYC, although U.S. residents are excluded from trading. Know Your Customer (KYC) legislation requires businesses to verify the identity of individuals using their service, particularly where the transmission of money is involved. For individual accounts, please go to KYC VerificationIndividual Verification, click "Start Verification"to complete your KYC. Theres reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits. Johnny Lyu is the CEO of KuCoin, a cryptocurrency exchange based in Singapore. That is due to a lack of US licensing for Kucoin. Although heavy in its limitation in the number of cryptocurrencies you can trade in, LocalMonero you make a trade directly with another person, unlike centralised crypto exchanges. Your blog guide to the world of finance and Cryptocurrencies. Its trade volume has surpassed that of other exchanges in its first year, making it one of the worlds largest. The top fiat currencies with which you can buy coins are USD, EUR, CNY, GBP, CAD, AUD, and many more . But as said before, you are still able to trade with just your e-mail, if you get your starting crypto-coins elsewhere. 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. The Complete Binance Supported Countries List. The chart below outlines the differences in terms of daily withdrawal limit, If you cannot watch the video, don't worry, you can continue reading the article, and we will guide you step by step. Read reviews, check its policies on accessing the platform from different countries, and determine the quality of its customer support. To use Kucoin, first create an account on their website. It now has over 10 million users and a presence in over 200 countries around the world. KuCoin lets you buy, sell, and store a wide range of cryptocurrencies. KuCoin has been licensed and regulated by the Seychelles Financial Services Authority (SFSA). You can still do plenty of trading on KuCoin without verification, however! Tokoin, Lukso, Coti, Chromia, MultiVAC, Bitbns, and Trias have all received funding from the launchpad. KuCoin's rich feature set and low fees could make it a compelling choice for advanced crypto investors, particularly outside the U.S. Funds stolen in the KuCoin hack on September 26, 2020 were quickly moved into DEXs such as . KuCoin is a relatively new cryptocurrency exchange based out of Hong Kong. Trade safe, be smart, and keep your identity private by avoiding surveillance exchanges. All deposits and withdrawals can be easily done in a matter of second via the users assets page. The exchange was established in May 2017 by an experienced team of blockchain and cryptocurrency professionals who started developing and building the exchanges architecture back in 2011. There are a number of benefits for both Binance and our users: 1. Careful. KYC is an acronym for 'Know Your Client'(or in some cases, 'Know Your Customer'). Launched in 2017 as a crypto exchange, KuCoin has never stopped growing through the years, from being unknown to expanding its platform for serving 18 million users in 207 countries and regions around the world, KuCoin has become one of "The People's Exchange", endeavoring to make crypto accessible to more people. Deposits to the exchange are free, and users are charged minimal withdrawal fees that vary from coin to coin. The simple answer is yes. US doesnt want anyone cashing out (crypto back to fiat) without available record so they can knock on your door. But what countries are supported on KuCoin? If you live in an area where you have experience trading cryptocurrency, you may enjoy the services KuCoin provides. 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. After joining the exchange, you will be able to deposit some of your cryptocurrency funds or use KuCoin Buy Crypto to begin trading. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities. Please "Upload Identity Document Photo" to supplement the information. to margin trading. He specializes in writing about darknet markets, onchain privacy, and counter-surveillance in the digital age. We and our partners use cookies to Store and/or access information on a device. Usually, the result of KYC1 will be published in a few hours. KuCoin has also added the ability for KYC verified accounts to enjoy a higher daily withdrawal limit. Are US users allowed to do KYC? 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. Please login KuCoin account, click KYC Verification under the avatar, and fill in the requested information. Kucoin US is a digital asset exchange company. The cryptocurrency exchange deals only with cryptocurrency assets and does not offer any fiat currency trading pairs. The ID document must be the original version. 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. The trading platform utilizes all the features an experienced trader would expect and is easy enough for new traders to grasp. Here are six exchanges that fit the bill. Fiat deposits can be made with credit or debit card and theres no KYC requirement, with a 2 BTC daily withdrawal limit. KuCoin Shareholders receive discounted trading fees and other benefits such as entering in contests, draws, and more. The fees offered by KuCoin are among the lowest in the cryptocurrency exchange space. KuCoin is not the only exchange that does not have a US license, and it is not the only one. And on the paper note, please include the code shown on the KYC page (it will change on a daily basis), the date, and your signature. Below is a good example of a selfie photo for your reference. CopyRight 2017 - 2023 KuCoin.com. KuCoin has also increased the withdrawal limit for KYC verified accounts from $0 to $1,000 per day. 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. I think if you are involved in the world of cryptocurrencies, you must have heard of this platform. One ID is eligible for a maximum of 3 KuCoin accounts only;2. The platform is a fully registered and regulated cryptocurrency exchange broker that operates in over 100 countries worldwide. Next. Also, all blank fields highlighted with a * are required. Also, two-factor authentication techniques can be utilized for sign-ins and withdrawals. Trading Fees: Spot: 0.1% - 0.1% / Perpetual: 0.04% - 0.06%: Withdrawal Limits: Without KYC: $10,000 USD / With KYC: 100 BTC / 24 hours: BTSE . Stronger compliance, via more robust identification procedures, could help crypto shed its perceived . Residents of the United States are not eligible for KYC verification on KuCoin. Meanwhile, please note that it may take several business days to complete the verification due to a large number of requests, we shall further notify you by email if there are any updates, during this period of time, please rest assured that the deposit and withdrawal are available at your KuCoin account. It is best suited to both novice and experienced traders looking for exposure to popular and lesser-known small-cap cryptocurrency tokens. . KuCoins community is also strong, with features and updates being constantly added. You only need your email. The Kucoin team has worked hard to make the platform user-friendly and available in a variety of languages. If your verification has been rejected, you can log in to your KuCoin account and find the detailed reasons for verification failure on the KYC Verification page. But their account will remain unverified. 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 . 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. At the time of writing, KuCoin had raised nearly USD 20,000,000 in BTC. Unlike brokers such as Coinbase, you don't actually purchase coins from Kucoin.. KuCoin supports individual verification and institutional verification. Currently, the platform supports two levels of individual KYC: Basic and Advanced Verification. No other platforms will be included in the list if you choose Iraq as your location in the menu Countries and flag Credit Card as a payment method in the settings panel in the right side of the page. However, it is not mandatory to use a KYC exchange (also referred to as surveillance exchanges by their detractors) to trade. 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. This page may not include all available products, all companies or all services. Kucoin has a strong focus on the Chinese market but also allows international users to trade on its platform. Its founders, Michael Gan and Eric Don, created the platform to make exchanging safe and simple. 1. KuCoin is among the most popular Bitcoin exchanges in terms of investor interest today, with a high ratio. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Is this correct? Because KuCoin is based in Hong Kong, it is accessible from all over the world. KuCoin features a wide variety of cryptocurrencies to trade and continue to add new coins all the time. At this point in time, KuCoin advertises itself as the top 1 altcoin exchange platform. There is a fixed 0.1% trading fee associated with each transaction. It was founded in 2017 and is based in San Francisco, California. All Rights Reserved. If a user's country is not included in the list, unfortunately, we are temporarily unable to . 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 based in Seychelles that was established in 2017. He is the co-Founder and CEO of KuCoin. The app has been designed to make trading on the go convenient and easy. Verification on KuCoin is pretty simple. The company intends to calculate a weighted average of a cryptocurrency based on exchanges across multiple major markets. ), Noticeably absent: The United States of America, China. Select the crypto you'd like to short. Press question mark to learn the rest of the keyboard shortcuts. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. KuCoin No KYC requirements. May 31, 2022 Guides, KuCoin. Simple and easy to start trade 700+ cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), KuCoin Token (KCS), new crypto and even meme coins here! Theres reasonable liquidity, margin trading, a wide range of coins listed, and a native BTMX token that provides discounted trading fees and other benefits. Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? How can I get my crypto? These help traders learn the terms, tricks and tips required to effectively swap derivatives products. In addition, KuCoin has a P2P exchange, which many users will find attractive. The exchange has also had regulatory issues in countries like The Netherlands and Canada. KuCoins services are available to a number of countries, including the United Kingdom, Russia, Australia, India, and Germany. Once it is submitted, the information cannot be modified until the review result is published. 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? kucoin_mod 3 yr. ago Out of respect to the company's operational requirements, we are only providing service for countries listed in the KYC countries list, in order to comply with all applicable laws and regulations. Get the latest news from the World of Finance & Cryptocurencies hademade by Help With Penny. August 10, 2022 Previous. Stay on the righteous path and think long and hard before making any financial transaction! However, the exchange holds local offices and communities in multiple regions, like South Korea, Spain, Russia, Italy, and India. If youre looking for an alternative to traditional exchanges, you should seriously consider it. Weex is well-known . 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