Operating since 2017, KuCoin has built a reputation as a gem-hunter exchange because of its fast token listings. It is also regularly listed among the top 10 crypto exchanges. So, when you come across a new altcoin and see it listed on KuCoin, registering for an account can feel like a natural next step.

For much of its history, KuCoin had a flexible KYC policy. However, its requirements changed as regulations tightened. It now requires identity verification before users can deposit, buy crypto, trade, or withdraw assets. This article explains KuCoin KYC requirements, the verification process, and recent policy changes.

Is KYC Required on Coinbase?

Yes, KuCoin has required KYC verification for new users since August 31, 2023. Before this update, the exchange was known for allowing users to access many of its services without verifying their identity. However, KuCoin made verification compulsory as it updated its procedures to meet regulatory requirements.

Now, users need to complete identity verification before they can deposit funds, buy crypto, trade, or withdraw assets. The process requires a supported identity document and a face verification check.

KuCoin KYC Requirements

To complete KuCoin KYC, you need:

• A valid government-issued identity document
• A face verification check
• Clear document images matching your account details

KuCoin may accept a passport, national ID card, driver’s licence, or residence permit, depending on your region.

KuCoin Verification Types

KuCoin offers two verification types: Individual Verification and Institutional Verification. Individual Verification is for personal accounts and gives users access to KuCoin’s trading, deposit, and withdrawal services. Institutional Verification is intended for companies and other legal entities that need to manage crypto assets or use KuCoin’s institutional services.

Both verification types provide access to KuCoin’s core services, including deposits, withdrawals, and trading. The main differences are in the withdrawal limits and the additional services available to institutional users, such as OTC desk access and dedicated customer support.

How Long Does KuCoin ID Verification Take?

Filling out your KuCoin KYC details generally takes around 3-5 minutes. Once you submit everything, KuCoin reviews your ID and face verification before enabling your account. It can take longer if your photos are unclear, your details do not match the document, or the exchange needs another check.

How to Complete KuCoin KYC Verification?

Once you have your identity document ready, you can start the KuCoin KYC process from your account by following these steps:

Step 1: First, sign in to your KuCoin account. Hover over the profile icon and select the “Identity Verification” option from the menu.

Step 2: On the Identity Verification page, select “Individual Verification” to start your KYC process.

Step 3: Select your country or region of origin, then click the “Get Verified” button.

Step 4: Choose the type of identity document you want to submit. The available documents can differ depending on your region.

Step 5: You can continue the verification process on the same device or switch to the KuCoin app, which can make the process easier.

Step 6: On the next screen, KuCoin will show instructions for taking and uploading your identity document. Follow these instructions to avoid delays during verification.

Step 7: Click on Start Verification to submit your identity document and complete the liveness check using a selfie.

Bottom Line

KuCoin KYC is now part of opening and using an account, so it is no longer the flexible option many earlier users remember. If completing identity verification does not suit what you are looking for, you can read our no-KYC crypto exchanges page.

FAQs

1. Does KuCoin KYC Reduce Trading Fees?

No, completing KuCoin KYC does not give you lower trading fees. Your fee tier is based on factors such as your 30-day trading volume, KCS holdings, account assets, or other KuCoin VIP requirements.

2. Can You Use KuCoin Without KYC?

No, new users need to complete KuCoin KYC before they can deposit, buy crypto, trade, or withdraw assets.

3. What Do You Need for KuCoin KYC?

You need a valid government-issued identity document and a face verification check. KuCoin may accept a passport, national ID card, driver’s licence, or residence permit, depending on your region.

4. Can You Change Your KuCoin KYC Information?

Yes, but KuCoin may require you to contact support before changing details such as your name, nationality, or identity document.