can you trade on kucoin without kyc

To trade on KuCoin without KYC, non-verified users face daily trading limits varying depending on the market, but they have access to cryptocurrency deposits, trading, and cryptocurrency withdrawals within specific limits.

Nov 02, 2024 at 08:43 am

Can You Trade on KuCoin Without KYC?

Yes, you can trade on KuCoin without completing Know Your Customer (KYC) verification. However, there are some restrictions and limitations that apply to non-KYC users.

Step 1: Creating an Account

1. Go to the KuCoin website or mobile app and register for an account.
2. You can do this using your email address or phone number.

Step 2: Deposit Funds

1. Non-KYC users can only deposit funds into their KuCoin accounts via cryptocurrencies.
2. Transfer the desired cryptocurrency from an external wallet or exchange to your KuCoin deposit address.

Step 3: Trading

1. Once funds are deposited, you can start trading on KuCoin without KYC.
2. However, non-KYC users have daily trading limits, which vary depending on the pair or market being traded.
3. You can find the trading limits for non-KYC users on KuCoin's FAQ page.

Restrictions for Non-KYC Users

• Daily Trading Limits: Daily trading limits apply to all non-KYC users. These limits vary depending on the pair or market being traded.
• Withdrawal Limits: Non-KYC users also face daily withdrawal limits, which are lower than those for KYC-verified users.
• Fiat Currencies: Non-KYC users cannot trade fiat currencies (e.g., USD, EUR) on KuCoin.
• Options and Futures: Non-KYC users cannot trade options or futures contracts on KuCoin.

Benefits of Completing KYC

• Increased Trading Limits: KYC-verified users have higher daily trading and withdrawal limits.
• Fiat Currency Trading: KYC verification allows you to trade fiat currencies (e.g., USD, EUR) on KuCoin.
• Options and Futures Trading: KYC-verified users can trade options and futures contracts on KuCoin.
• Customer Support: KYC-verified users receive priority customer support from KuCoin.

Conclusion

While you can trade on KuCoin without completing KYC, it comes with several restrictions and limitations. To unlock the full range of features and benefits offered by KuCoin, it is recommended to complete the KYC verification process.