Exchange Kucoin Introduces Mandatory KYC for Users

Kucoin Enforces KYC 

In order to safeguard user assets and combat financial crimes such as money laundering and terrorist financing, cryptocurrency exchange, KuCoin, has recently announced it will be enhancing its Customer Identification and Verification Program, effective from July 15, 2023 (UTC).

Newly registered users will be required to complete the KYC process in order to access KuCoin's range of products and services. Existing users who registered before July 15, 2023 (UTC) will still be able to utilize certain services, including Spot trading sell orders, Futures trading deleveraging, Margin trading deleveraging, KuCoin Earn redemption, and ETF redemption. However, they will no longer have access to the deposit service, although their ability to make withdrawals remains unaffected.

KuCoin assures users that this enhancement will not compromise the security of their funds. To ensure uninterrupted account usage, users are urged to promptly provide the necessary KYC information.

As part of their commitment to protecting customer assets, KuCoin will regularly update the KYC requirements and associated limits to align with legal obligations. 

What is KuCoin:

KuCoin is a secure cryptocurrency exchange that allows you to buy, sell, and trade popular cryptocurrencies like Bitcoin, Ethereum, and more than 700 altcoins. The KuCoin platform has around 27 million regular users in over 207 countries. It has a daily trading volume of around 800 Million USD and is currently ​​a top-five crypto exchange.

Where to find KuCoin:

Website | Twitter | Medium | Github |