Why Update Your KuCoin Account Verification?
Identity Verification, also known as Know Your Customer (KYC), is a security measure to protect your account from fraud, money laundering, and other financial crimes. KuCoin adheres to Anti-Money Laundering (AML) regulations and jurisdictional requirements, ensuring a secure trading environment.
Common reasons to update your verification details:
- Expired identity documents.
- Legal name changes.
- Updates to ID numbers.
- Change in nationality.
- Compliance with fiat currency channel requirements.
- Translating documents into a system-recognizable language (e.g., local ID to English passport).
Steps to Update Identity Verification
1. Batch Notifications for Re-verification
- KuCoin may notify users via email to re-submit KYC documents.
- Follow the email instructions and complete verification before the deadline to avoid account restrictions (e.g., "Withdrawal Only" mode).
- An option to reset KYC will appear on the verification page for eligible users.
2. Manual Reset via Customer Support
- If no reset option is available, contact KuCoin Support to request a KYC reset.
- After resetting, re-upload your documents to restore full account access.
Impact on Account Privileges During Re-verification
Resetting KYC temporarily erases your verified status, limiting certain features until re-verification is complete. Below is a breakdown of affected functions:
Account Basics
| Function | Status During Re-verification |
|---|---|
| Login/Security Settings | Unaffected |
| API Creation | Unavailable |
| Sub-account Trading | Disabled |
Deposits
| Function | Status During Re-verification |
|---|---|
| Crypto/Fiat Deposits | Unavailable |
| P2P Purchases | Disabled |
Withdrawals
| Function | Status During Re-verification |
|---|---|
| Crypto Withdrawals | Limited (0–25,000 USDT) |
| Fiat Withdrawals | Unavailable |
Trading
| Function | Status During Re-verification |
|---|---|
| Spot Trading | Buy orders disabled; sells allowed |
| Futures Trading | No new positions; closing allowed |
| Margin Trading | Borrowing disabled; repayments allowed |
👉 Maximize your trading potential post-verification
FAQs
1. How long does re-verification take?
- Processing times vary but typically take 24–72 hours.
2. Can I trade while my KYC is pending?
- Yes, but with restrictions (e.g., only sell orders allowed for Spot Trading).
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3. What if my documents are rejected?
- Ensure documents are clear, valid, and match your account details. Contact support if issues persist.
4. Why is my withdrawal limit reduced?
- Temporary limits apply until verification is complete to prevent fraud.
Key Takeaways
- Keep KYC updated to avoid account restrictions.
- Follow KuCoin’s guidelines for smooth re-verification.
- Need help? Contact support for prompt assistance.
For uninterrupted trading, complete your KYC promptly!