Yes, Kucoin requires full KYC verification. Without identity verification, you can not use Kucoin services. If you want to trade, deposit, and withdraw on Kucoin, you must verify your identity by providing personal information. Mandatory KYC was introduced on Kucoin in the summer of 2023.
Kucoin KYC Requirements
In order to verify your identity on Kucoin, you must submit personal information, including government-issued documents and proof of residence. Higher KYC levels ensure higher withdrawal limits.
There are two KYC levels on Kucoin.
Level 1 KYC
The requirements for the first KYC level are the following details:
- Personal information
- Government-issued ID
- Facial recognition
Level 2 KYC
The requirements for the second KYC level are as follows:
- Personal Information
- Proof of address
- ID Information
For proof of address, you may use a utility bill, tax bill, phone line bill, or bank statement no older than three months.
Kucoin Withdrawal Limits
The daily withdrawal limits on Kucoin vary based on your identification level. Higher identification levels result in higher withdrawal limits.
Refer to the table below for further information. The limits apply for a 24-hour duration. Level 2 KYC is required for fiat withdrawals.
| KYC Level | Crypto Withdrawal Limit | Fiat Withdrawal Limit |
|---|---|---|
| Unverified | $0 | $0 |
| KYC 1 | $999,999 | $0 |
| KYC 2 | $2,000,000 | $100,000 |
Check out this Kucoin article for further information about fiat withdrawal limits.
FAQ
Does Kucoin require KYC?
Yes, Kucoin requires KYC verification. That means you must go through the identification process; otherwise, you can not use Kucoin products and services.
Is Kucoin legit?
Kucoin is one of the largest crypto exchanges, with over 40 million users. While Kucoin appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet. Not your keys, not your cryptos.
Is Kucoin available in the United States?
No, Kucoin is not allowed in the United States at all.
