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Does KuCoin require KYC verification for trading digital currencies?

avatarDo NhanDec 28, 2021 · 3 years ago3 answers

Can I trade digital currencies on KuCoin without going through KYC verification?

Does KuCoin require KYC verification for trading digital currencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, KuCoin requires KYC verification for trading digital currencies. This is to ensure compliance with regulatory requirements and to prevent money laundering and other illegal activities. KYC verification typically involves providing personal identification documents such as a passport or driver's license, as well as proof of address. Once your KYC verification is complete, you will have access to the full range of trading features on KuCoin.
  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, yes. KuCoin does require KYC verification before you can start trading digital currencies. It's a standard procedure that most reputable exchanges follow to ensure the safety and security of their platform. KYC verification helps prevent fraud, money laundering, and other illegal activities. So, if you want to trade on KuCoin, be prepared to go through the KYC process.
  • avatarDec 28, 2021 · 3 years ago
    No, you don't need to go through KYC verification to trade digital currencies on KuCoin. KuCoin values user privacy and allows trading without KYC verification up to a certain limit. However, keep in mind that there may be some restrictions on withdrawal limits and certain features if you choose not to complete the KYC process. It's always a good idea to verify your account to enjoy the full benefits and features of the exchange.