can i buy crypto on kucoin without verification

KuCoin necessitates Level 2 verification for crypto purchases, while alternative methods exist with potential fees and risks.

Nov 02, 2024 at 06:25 am

Can I Buy Crypto on KuCoin Without Verification?

No, KuCoin requires users to complete verification to purchase crypto on its platform.

Why Verification is Required

KuCoin implements verification measures to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. This helps prevent illegal activities such as money laundering and terrorism financing.

Verification Levels

KuCoin offers three levels of verification:

1. Level 1: Email verification only
2. Level 2: Identity verification (government-issued ID + selfie)
3. Level 3: Enhanced verification (proof of residence, source of funds, etc.)

Crypto Purchases Without Level 2 Verification

While Level 2 verification is mandatory to purchase crypto on KuCoin, there are a few workarounds:

• Use a P2P Marketplace: KuCoin's P2P (peer-to-peer) marketplace allows users to buy crypto directly from other traders without verification.
• Buy USDT from OTC Traders: Seek over-the-counter (OTC) traders on platforms like LocalBitcoins or Binance P2P who offer USDT (Tether) transactions without verification. You can then use USDT to buy crypto on KuCoin.

Note: These methods may involve additional fees or risks.

Conclusion

For security and regulatory compliance, KuCoin requires users to complete Level 2 verification to buy crypto on its platform. However, there are alternative methods available to bypass this requirement with some trade-offs.