Introduction to KYC on KuCoin
KuCoin, recognized as one of the world's most transparent cryptocurrency exchanges, implemented Identity Verification (Know Your Customer or KYC) for all users starting November 1, 2018. This guide explains the verification process, its importance, and addresses common user concerns.
👉 Learn how to secure your KuCoin account today
Key Updates to KYC Requirements (Effective August 31, 2023)
To comply with anti-money laundering (AML) regulations and enhance account security:
- New users must complete Identity Verification to access KuCoin services.
Existing users (registered before August 31, 2023) without verification will face limited functionality:
- Permitted: Crypto sales, futures/margin position closures, KuCoin Earn redemptions, ETF withdrawals.
- Restricted: Deposits (withdrawals remain unaffected).
Why Complete Verification?
- Full platform access
- Higher daily withdrawal limits (up to 999,999 USDT)
- Eligibility for KuCoin Spotlight token sales
- Protection against identity fraud
Step-by-Step Identity Verification Guide
1. Individual Verification Process
Navigate to: Account Center → Identity Verification → Individual Verification
Phase 1: Personal Information
- Select country/region
- Choose ID type (passport, driver’s license, or national ID)
- Enter details matching your document
Phase 2: ID Document Upload
- Ensure clear, legible photos (JPG/PNG, <4MB)
Supported documents:
- Passport
- National ID card
- Driver’s license
Phase 3: Facial Verification
- Follow on-screen prompts for live face scan
- System automatically submits for review (results via email)
2. Institutional Verification
For corporate accounts:
- Select Switch to Institutional Verification
- Submit required business documents
- Await contact from KuCoin’s KYC team via [email protected]
Benefits of Completed KYC Verification
| Verification Status | 24hr Withdrawal Limit | P2P Trading Limit |
|---|---|---|
| Unverified | 0-30,000 USDT | Not Available |
| Verified | 999,999 USDT | 500,000 USDT |
Frequently Asked Questions (FAQs)
Q1: What happens if I don’t complete verification?
New users cannot trade without KYC. Existing users retain limited functionality but lose deposit access.
Q2: How long does verification take?
Typically 1-3 business days. Delays may occur if documents are unclear or information mismatches.
Q3: Why was my verification rejected?
Common reasons:
- Blurry ID photos
- Mismatched personal details
- Expired documents
Resubmit with corrected information via the "Re-Verify" option.
👉 Start your seamless KYC journey now
Pro Tips for Smooth Verification
- Use high-resolution images with visible text
- Ensure consistent lighting for face scans
- Double-check spellings against official documents
- Contact support if network errors persist
By completing KYC, you contribute to a safer crypto ecosystem while unlocking premium features. KuCoin’s dynamic security adjustments align with global compliance standards to protect your assets.