How Long Kucoin Verification

Hey there, crypto enthusiasts! Are you wondering how long it takes to get your KuCoin account verified? Well, you’ve come to the right place! In this article, we’ll walk you through the process and shed light on the time it may take for your KuCoin account to get verified. So, let’s dive in!

Why Do I Need to Update My KuCoin Account?

Identity Verification, also known as Know Your Customer (KYC), is an essential process designed to protect your account from fraud, money laundering, and terrorist financing. KuCoin strictly adheres to Anti-Money Laundering (AML) standards and other regulatory requirements to ensure the safety and integrity of its operations.

But why should you update your Identity Verification?

  • Expired Documents: If your identification documents have expired, it’s crucial to update them promptly.
  • Name or ID Changes: If your name or ID number has changed since your last verification, you need to update the information accordingly.
  • Nationality Change: In case your nationality has changed, it’s necessary to update your Identity Verification.
  • Fiat Channel Requirements: Updating or replacing your existing documents may be required to meet specific fiat channels’ requirements.
  • Language Change: If you want to change your name from a local-language ID card to an English-language passport or any other system-recognized language, updating your identity document is necessary.

How to update your Identity Verification Information?

Updating your Identity Verification on KuCoin is a straightforward process. Here’s how:

For certain situations, KuCoin will notify users in batches via email for the new verification process. In this case, follow the instructions provided in the email to complete the Identity Verification. Remember to complete the verification within the given deadline; otherwise, your KuCoin account may be restricted to “Withdrawal Only.” If you miss the email, don’t worry! You can access the KYC page and upload your new identity document.

For other situations, where there is no entrance to reset KYC on the KYC page, you can reach out to our customer service agents for assistance in resetting your KYC. Once it’s reset, you can re-do the verification process.

Account Privileges Before Successful Re-verification

While your Identity Verification is being updated, your account privileges will be affected. Here’s what you need to know:

  • Account Basic Functions: During this period, your account’s basic functions remain unaffected. You can continue to register, login, and make changes to your security settings.
  • Crypto and Fiat Deposit: Crypto and fiat deposits will be unavailable until the verification process is successfully completed.
  • Buying Crypto with Third-party: Buying crypto using third-party services, Visa, Mastercard, or fiat balance will also be temporarily unavailable.
  • P2P Purchase: Purchasing crypto using the P2P feature will be temporarily unavailable.
  • Red Envelope Claiming: You can still claim red envelopes during the verification process.
  • Crypto and Fiat Withdrawal: Crypto withdrawals up to 25,000 USDT are available. However, fiat withdrawals, selling crypto via P2P, selling crypto with Visa, Mastercard, and using KuCard will be unavailable.
  • Spot Trading: During this time, you can only access sell orders for spot trading. Buy orders will be unavailable.
  • Margin Trading: New positions won’t be attainable, but existing positions will persist without forced closure. Only indebted crypto assets can be purchased, while non-indebted crypto assets cannot be purchased.
  • Leverage Tokens: Buy orders for leverage tokens will be unavailable, but sell orders will still be accessible. Crypto subscription will be disabled, and redemption will be permitted.
  • Trading Bot: You won’t be able to create new trading strategies, but existing strategies will continue to run.
  • Convert: The convert feature will be temporarily unavailable.
  • Per-market Trading: Trading on a per-market basis will be unavailable.
  • Futures Trading: Opening or adding positions will not be allowed, but position reduction or closing will be permitted. Original positions will persist without forced closure.
  • KuCoin Earn: During the verification process, you won’t be able to subscribe, purchase, lend, or reinvest in KuCoin Earn. However, redemption and sell orders will still be available, and no forced sale or redemption will occur.

Phew! That’s quite a lot to consider, right? But don’t worry, once the successful re-verification is completed, you’ll regain full access to all the features and functionalities of your KuCoin account.

So, remember to update your Identity Verification promptly to ensure uninterrupted access to all the amazing features that KuCoin has to offer. If you have any further questions or encounter any issues, don’t hesitate to contact us for assistance.

Happy trading and stay crypto savvy!