In order to continue to be one of the most trustworthy and transparent exchanges, KuCoin officially implemented KYC on November 1, 2018, which ensures that KuCoin meets the development rules of the virtual currency industry. Moreover, KYC can effectively reduce fraud, money laundering, and terrorist financing, amongst other malicious activities.
To complete KYC, please log in to your KuCoin account and go to Account Overview > KYC. 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.
KuCoin has also added the ability for KYC verified accounts to enjoy a higher daily withdrawal limit.
The specific rules are as follows:
· Verified Individual Account: 100 BTC per 24hr
· Verified Institutional Account: 500 BTC per 24hr
· Non-verified Account: 2 BTC per 24hr
KYC verification is not compulsory, which means if the client chooses not to complete his/her KYC, the client can continue to trade on the platform. We do however 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.
Users who complete KYC certification will also be able to participate in the Fiat-Crypto service provided by the KuCoin.