KuCoin's Dormancy Fees, Bitcoin Wallets, and Trump's Crypto Play: What's the Deal?

KuCoin introduces dormancy fees for inactive accounts, spotlighting self-custody solutions. Meanwhile, Trump's crypto venture lists USD1 on KuCoin, a platform facing US scrutiny.

Hey crypto enthusiasts! Buckle up, because the world of digital assets is getting a serious shake-up. From KuCoin's new dormancy fees to Trump's latest crypto venture, there's a lot to unpack. Let's dive in!

KuCoin's Dormancy Fees: Time to Wake Up Your Bitcoin Wallets

KuCoin is implementing a new policy starting July 15, 2025: dormancy fees for inactive accounts that haven't completed KYC (Know Your Customer) or KYB (Know Your Business) verification. If you're verified, you're golden. But if you're unverified and haven't touched your account in a while, listen up!

Who's Affected?

This mainly impacts users in restricted locations like the U.S. and mainland China, where KYC/KYB verification isn't available. KuCoin is urging these users to withdraw their assets and close their accounts ASAP to avoid those pesky fees.

How to Dodge the Fees

KuCoin has a few suggestions:

• Complete KYC/KYB verification (if you can).
• Withdraw your assets.
• Close your account.

And don't worry, KuCoin promises to send notifications before any deductions, giving you one last chance to act.

Why the Change?

KuCoin says this is all about reducing security risks from dormant, unverified accounts. Plus, with increasing regulatory pressure on centralized exchanges, it's part of a broader industry trend towards tighter KYC enforcement.

Best Bitcoin Wallets: Taking Control of Your Crypto

This whole situation highlights the importance of controlling where and how you store your assets. As regulations tighten, holding your crypto in a non-custodial wallet is looking better and better. Exchanges can change policies overnight, but with self-custody, your crypto stays under your control.

One to watch is Best Wallet. It offers a secure, decentralized ecosystem for Bitcoin traders who value their privacy. Unlike KuCoin, Best Wallet lets users buy, store, and trade Bitcoin (and thousands of altcoins) without submitting personal details. Plus, it's packed with features like a staking aggregator, token launchpad, and even an iGaming facility.

Trump's Crypto Venture: A Risky Move?

In other news, Donald Trump's crypto venture, World Liberty Financial, launched its USD-pegged stablecoin, USD1, on KuCoin. Yes, that KuCoin—the one banned from operating in the U.S. and fined $300 million for anti-money laundering violations.

Controversy Alert

This move is raising eyebrows, to say the least. Critics argue that listing a politically backed stablecoin on a sanctioned exchange raises ethical and regulatory concerns. Supporters see it as a strategic way to introduce USD1 to high-growth markets abroad. Whatever the case, it adds another layer of complexity to Trump's increasing involvement with digital assets and global finance.

The Bottom Line

So, what does all this mean? It's a wild time in the crypto world! Exchanges are tightening their policies, self-custody solutions are gaining traction, and even political figures are getting in on the action. It's a lot to keep up with, but one thing's for sure: the crypto landscape is constantly evolving. Stay informed, stay vigilant, and most importantly, stay in control of your assets.

Until next time, happy hodling (and maybe start cleaning out those old KuCoin accounts!).