You should consider many things before choosing the crypto exchange platform. KuCoin is the best coin that offers maximum features and advantages to users. You can trade more than 700 coins in KuCoin, offering its users multiple ways and methods to earn a risk-free income.
You can also invest in KuCoin IGO to purchase the latest in-game NFTs but to unlock all of these features, and you will require to verify your account on KuCoin. Kucoin does not compromise on the security of its user, and all new users must verify their identity before trading on KuCoin. You can only trade in less than 400 USDT on KuCoin with an unverified account, and many features would be restricted.
There are multiple verification levels at KuCoin, but we will only focus on the short verification process and what are the perks of doing that. So let’s begin.
How To Verify The Account?
First, create a KuCoin account using your mail address or phone number. Once you have made your account in KuCoin, log in to it and click on your account ID. You will find the KYC verification menu in the list. It will show you different verification options. Choose individual verification and then click on start verification. There are 2 levels of individual verification. follow these steps:
- First, fill out the form that requires the country/region of residence, first name, and last name.
- You will then need to choose the identity document type you will provide. You can choose passport or NIC but can not choose driving license or residence card etc. also, provide the identity card number in the appropriate column.
- Then you will need to upload clear front and back pictures of your preferred identity document. Make sure that it is not cropped, blurred, or has reflection.
- In the next step, you will need to provide your face photo while holding an identity card in one hand and a signature code (that the KuCoin provided) with a date on the other hand. You must use the handwritten document as printed, or the photoshop document will not accept it.
- After you have uploaded the photo, click on the submit button, and KuCoin will review your ID for verification.
- It will take 3 to 4 working days to verify your KuCoin account.
Advantages Of KuCoin Verification
KYC verification is crucial to reduce the risk of scams, fraud, money laundering, and terrorist financing. It also unlocks various features on KuCoin. The withdrawal and P2P trading limit is increased after the KYC verification. You can trade 2000 USDT in P2P and withdraw 1 BTC equivalent at a time. It will also unlock the referral and affiliate programs and provide the latest crypto prices, such as Ethereum price, along with other latest news.
Conclusion
The verification process is necessary to stop the illegal activities on KuCoin. It is an international platform that people use worldwide, and there are high chances of malicious activities using cryptos. KuCoin is a secure platform that requires a complete security check before allowing anyone to trade on its platform.
