does kucoin need verification

Tier 1 verification is mandatory for all KuCoin users, enabling basic account functions and withdrawals of up to 5 BTC per day.

Oct 28, 2024 at 11:07 am

Does KuCoin Need Verification?

1. Types of Verification
KuCoin offers two levels of verification for its users:

• Tier 1 Verification: Requires basic personal information such as name, email, and phone number.
• Tier 2 Verification: Requires additional documents such as ID card, passport, or driver's license.

2. Tier 1 Verification
Tier 1 verification is mandatory for all KuCoin users. It allows:

• Withdrawals up to 5 BTC per 24 hours
• Trading on spot markets
• Access to KuCoin Earn products (staking and lending)

3. Tier 2 Verification
Tier 2 verification is optional but recommended for users who:

• Want to withdraw over 5 BTC per 24 hours
• Want to trade on margin
• Want to participate in KuCoin Spotlight (IEO) events

4. Verification Process

Tier 1 Verification:

1. Go to the "Verification" section under "Account Security."
2. Provide basic personal information.
3. Verify email and phone number through OTP.

Tier 2 Verification:

1. Complete Tier 1 verification.
2. Upload a photo of a valid ID document.
3. Upload a selfie holding the ID document.
4. Submit the verification form.

5. Verification Time

• Tier 1 verification is typically completed within a few minutes.
• Tier 2 verification may take 1-2 business days.

6. Conclusion

Verification is an integral part of KuCoin's security and compliance measures. Tier 1 verification is mandatory, while Tier 2 verification is optional but recommended for users who need higher withdrawal limits or access to additional features. The verification process is relatively straightforward and takes a short amount of time to complete.