can i trade on kucoin without verification

For basic trading functionality, KuCoin allows users to trade without completing KYC verification, but it comes with a significantly reduced daily withdrawal limit (0.02 BTC).

Oct 30, 2024 at 10:03 am

Can I Trade on KuCoin Without Verification?

1. Understanding Verification on KuCoin
KuCoin, a popular cryptocurrency exchange, offers varying levels of verification for its users. Verification helps prevent fraud and money laundering and allows for access to additional features and services.

2. Minimum Verification
By default, all KuCoin users have "Minimum Verification." This level requires only an email address and a password and grants basic trading functionality.

3. KYC Verification
KuCoin strongly recommends users complete KYC (Know Your Customer) verification. This involves providing additional personal and identity information, such as:

• Full name
• Date of birth
• Address
• Government-issued ID (e.g., passport, driver's license)

4. Advantages of KYC Verification
Benefits of KYC verification include:

• Increased daily withdrawal limits (up to 100 BTC)
• Access to Margin Trading (leverage of up to 10x)
• Eligibility for exclusive promotions and airdrops

5. Can You Trade Without KYC Verification?
Yes, you can trade on KuCoin without KYC verification. However, your daily withdrawal limit will be significantly reduced (0.02 BTC per day). You will also be restricted from Margin Trading and other advanced features.

6. Recommended Approach
For a safer and more convenient trading experience, KuCoin recommends completing KYC verification. It is a relatively simple process that takes only a few minutes to complete.

Conclusion
Trading on KuCoin without verification is possible but comes with limitations. Completing KYC verification is highly recommended as it provides access to enhanced features and increased withdrawal limits.