is kyc required for kucoin

To access advanced trading features and enhance account security, KuCoin requires users to undergo Know-Your-Customer (KYC) verification, involving the submission of personal documents and biometric verification.

Oct 31, 2024 at 03:02 pm

Is KYC Required for KuCoin?

Yes, KYC (Know-Your-Customer) is required for KuCoin.

Steps for KYC Verification on KuCoin:

1. Submit Verification Documents:

• Government-issued ID (passport, driver's license, national ID card)
• Proof of residence (utility bill, bank statement)

2. Verify Your Identity:

• Upload your ID and residence documents to the KuCoin website or app.
• Take a selfie holding your ID.

3. Biometric Verification:

• Once your documents are verified, you may need to complete biometric verification (e.g., face recognition, voice recognition).

4. Results and Completion:

• KuCoin will review your verification within 3-5 business days.
• If approved, you will be notified via email.

Benefits of KYC Verification:

• Enhanced account security and protection against fraud
• Access to higher transaction limits and trading features
• Compliance with regulatory requirements

Exceptions:

• Users located in certain countries may not be required to provide KYC information due to local regulations.
• Verification requirements may vary based on your account activity and transaction history.

Note: KYC verification is not required to create an account on KuCoin, but it is highly recommended for enhanced account security and access to advanced trading features.