can i withdraw from kucoin without kyc

Despite the small withdrawal limit, users can access non-KYC withdrawals on KuCoin, enabling them to transfer cryptocurrencies to external wallets without undergoing identity verification, albeit with certain restrictions.

Nov 03, 2024 at 11:54 am

Can You Withdraw from KuCoin Without KYC?

Yes, it is possible to withdraw small amounts of cryptocurrency from KuCoin without completing the Know-Your-Customer (KYC) process. However, there are limits and restrictions to this option.

Steps to Withdraw from KuCoin Without KYC:

1. Log In to Your KuCoin Account: Access your KuCoin account through the website or mobile app.
2. Navigate to the Withdrawal Page: Click on "Assets" and then "Withdraw."
3. Select Cryptocurrency: Choose the cryptocurrency you want to withdraw from the list of supported coins.
4. Enter Withdraw Address: Paste or type the address of the external wallet or exchange where you want to send the funds.
5. Enter Withdrawal Amount: Input the amount of cryptocurrency you want to withdraw.

Limits and Restrictions:

• Amount Limit: Without KYC, you can withdraw up to 2 BTC or equivalent per 24 hours.
• Coin Limit: You can only withdraw a limited number of cryptocurrencies without KYC.
• Withdrawal Fees: KuCoin may charge higher withdrawal fees for non-KYC withdrawals.
• Verification Required for Larger Withdrawals: If you attempt to withdraw an amount above the daily limit, KuCoin will prompt you to verify your identity through KYC before processing the transaction.
• Account Flag: Repeated withdrawals without KYC may flag your account and trigger a KYC verification request from KuCoin.

Reasons to Complete KYC:

While withdrawing small amounts without KYC is possible, completing the KYC process is recommended for several reasons:

• Increased Withdrawal Limits: KYC-verified accounts have higher daily withdrawal limits.
• Faster Withdrawal Processing: KYC-verified withdrawals are typically processed more quickly.
• Enhanced Account Security: KYC verification strengthens the security of your KuCoin account and prevents unauthorized withdrawals.
• Compliance with Regulations: KuCoin adheres to anti-money laundering (AML) and know-your-customer (KYC) regulations, and completing KYC demonstrates compliance with these regulations.