The KYC Verification process for KuCoin is a standardized compliance measure for anti-money laundering (AML) and counter-terrorism financing (CTF) laws and regulations.
Starting on November 1st 2018, the limitation restricts the amount a user can withdraw within a 24-hour period from 00:00 to 23:59 (UTC+8).
KuCoin users that complete KYC verification will enjoy higher daily withdrawal limits. The new withdrawal limits are listed below.
- Verified Individual Account: 100 BTC per 24hr
- Verified Institutional Account: 500 BTC per 24hr
- Non-verified Account: 2 BTC per 24hr
Please note that the next withdrawal limit is refreshed after 00:00 (UTC+8) of a calendar day.
The KYC Verification process consists of completing an online questionnaire, submitting supporting documents and authorizing KuCoin to complete the verification process. The processing time for each KYC Verification can take up to 5 days, depending on the total volume of submissions.
Please visit the KYC Verification page for full details. Once you fill out all the sections and submit the verification, the KYC Verification process will start. If you pass the KYC Verification, we will notify you via email. If you did not pass the verification, please follow the prompts in the notification email to update or submit additional KYC information.
Please keep in mind that the KYC Verification is not mandatory for deposit, trade or withdrawal of cryptocurrencies. Once you sign up for KuCoin, you can deposit, trade or withdraw cryptocurrencies immediately. Please refer to foregoing statement and rules about daily withdrawal limit by defining whether an account is KYC verified or not.
We strongly suggest our clients complete the KYC Verification. In cases where the client forgets his/her credentials to access the platform or when his/her account is taken over by others because of the leakage of personal information from the client side, the verified KYC information will help the client recover his/her account quickly.
Also, a KYC verified account will have access to the Fiat-Crypto exchange services provided by KuCoin in the future.