KuCoin crypto exchange to introduce mandatory KYC in July

Overview of Kucoin Exchange

Kucoin is a cryptocurrency exchange based in Hong Kong that offers trading of over 200 different digital assets. The platform has been in operation since 2017 and is known for its low fees and high liquidity. Kucoin also offers a wide range of trading pairs, including both major and minor cryptocurrencies. It also provides a variety of features, such as margin trading, stop-limit orders, and a mobile app. In addition, Kucoin has a loyalty program that rewards users for holding and trading on the platform.

Kucoin also offers a variety of security features, such as two-factor authentication and cold storage for funds. In addition, Kucoin has recently announced that it will be introducing mandatory KYC verification for all users in July 2021. This is part of the exchange’s effort to comply with international regulations and ensure the safety of its users.

Introduction of KYC

Kucoin recently announced that it will be introducing mandatory Know Your Customer (KYC) verification for its users starting in July 2021. This will require users to provide identity documents such as a passport or driver’s license in order to continue trading on the platform.

Benefits of KYC

KYC verification will help Kucoin to ensure that its users are compliant with anti-money laundering regulations and will also help to protect users from fraud and other malicious activities.

The implementation of KYC will also allow Kucoin to offer more features and services to its users.

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