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There are many advantages of KYC (Know Your Customer) verification for KuCoin.
The higher level of verification allows you to withdraw more money each day. With the highest verification level, you can withdraw up to 100 BTC every month.
Not only that, but the verification process can save you time in case of a problem.
If you’re wondering how to KYC verify your KuCoin account and why it’s important, read on!
In This Post:
- Do You Need KYC Verification for KuCoin?
- How to Verify KuCoin (Step-By-Step)
- What are the Benefits of KYC Verification Using KuCoin?
- How Long Does KuCoin Verification Take?
- Can You Deposit on KuCoin Without Verification?
- Can You Withdraw on KuCoin Without Verification?
- What If I Have Problems Verifying KuCoin?
- Wrapping Up
Do You Need KYC Verification for KuCoin?
No, you don’t need KYC verification to use KuCoin. In fact, most people opt to not verify their accounts due to the fact the limits with an unverified account are relatively high and they’d prefer to maintain privacy.
That said, KYC verification is beneficial for protecting your account against fraudulent activities and account takeovers. KYC information is necessary to recover your account, should you ever lose access to it.
Once you’re KYC verified, you’ll also have access to exchange services for fiat and cryptocurrency. KuCoin accepts five major fiat currencies. You can choose from any of them or a combination of them.
How to Verify KuCoin (Step-By-Step)
First, you’ll need to register an account. The KYC verification process requires a photo ID, email address, and password. You’ll need to verify this information to prevent fraudulent activity and account takeover.
To begin your KYC verification, follow the steps below.
- Log in to your Kucoin account and click on the “Account” tab.
- On the account page, click on the “KYC Verification” link.
- You will be redirected to the KYC verification page, where you will need to provide your personal information including your full name, date of birth, country of residence, and ID type.
- After you have provided your personal information, click on the “Submit” button.
- You will then be asked to upload a copy of your government-issued ID document. Once you have uploaded the required documents, click on the “Submit” button again.
- Your KYC verification request will then be reviewed by the Kucoin team and you will be notified of the results via email.
What are the Benefits of KYC Verification Using KuCoin?
The benefits of KYC verification on KuCoin are many and varied.
Perhaps the most obvious benefit is that it helps to ensure that only legitimate users are able to access the exchange and trade cryptocurrencies. By extension, this also helps to protect against potential scams and fraudsters who may try to use the platform for illicit purposes.
In addition, KYC verification can also help to speed up the process of account opening and withdrawal for users. This is because the exchange will already have all the necessary information on file, meaning that there is no need for lengthy and tedious verification processes.
Finally, KYC verification can also serve as a valuable marketing tool. By verifying the identity of its users, KuCoin can position itself as a more trustworthy and reliable platform, which may attract new users and help to grow the community.
How Long Does KuCoin Verification Take?
If you’ve submitted your KYC verification using KuCoin, you may be wondering how long the process takes.
As a general rule of thumb, KYC verification with KuCoin takes around 1-2 weeks. However, this can vary greatly and it may take longer depending on the country you are residing in as well as the number of verification applications KuCoin is currently reviewing.
Can You Deposit on KuCoin Without Verification?
Yes, you can deposit on KuCoin without verification. However, if you want to withdraw funds over a certain amount, you will need to go through the verification process.
On the contrary, there is no limit to how much you can deposit on KuCoin without verification.
Can You Withdraw on KuCoin Without Verification?
As a general rule of thumb, the withdrawal limit for an unverified KuCoin account is 2 BTC. If you need to withdraw more than this amount, you will need to verify your account. To do this, you will need to submit some personal information and documents.
Once your account is verified, the monthly withdrawal limit will be increased to 100 BTC.
KuCoin withdrawal limits are designed to help protect users’ accounts and prevent fraud. Withdrawal limits vary depending on the account level, and can be increased by completing certain verification tasks. Limits are reset daily at 00:00 UTC.
There are two types of KuCoin withdrawal limits:
- Daily limit: This is the maximum amount that you can withdraw from your account in a 24-hour period.
- Monthly limit: This is the maximum amount that you can withdraw from your account in a 30-day period.
To increase your KuCoin withdrawal limits, you can complete certain verification tasks, such as verifying your email address, phone number, and identity. You can also choose to upgrade your account to a higher level.
What If I Have Problems Verifying KuCoin?
If you are having problems getting your KuCoin account KYC verified and you need to contact their customer support, there are a few different ways you can do so.
You can either submit a request through the KuCoin website, send an email to [email protected], or reach out to one of the customer support representatives on Twitter. Whichever method you choose, be sure to include as much information as possible so that the customer support team can assist you in a timely and efficient manner.
If you submit a request through the KuCoin website, you will need to fill out a form with your personal information and then describe your issue in detail. Once you have submitted the form, a customer support representative will review your issue and get back to you as soon as possible.
If you choose to email KuCoin customer support, be sure to include your name, email address, and a detailed description of your issue. A customer support representative will review your email and get back to you with a resolution as soon as possible.
Finally, if you need to contact KuCoin customer support on Twitter, you can send a direct message to the KuCoin Twitter account. Be sure to include your name, Twitter handle, and a brief description of your issue. A customer support representative will review your message and get back to you with a resolution as soon as possible.
Whichever method you choose to contact KuCoin customer support, be sure to include as much information as possible so that the customer support team can assist you in a timely and efficient manner.
KYC verification is important when using KuCoin because it helps to ensure that users are who they say they are and helps to prevent fraud.
Despite the fact many people choose to not verify their KuCoin account due to the relatively high limits, it’s still a good idea to do so and relatively easy to do.
If you have any problems verifying your KuCoin account, don’t hesitate to contact their customer support.