KuCoin is a well-known cryptocurrency exchange where users may buy, sell, and trade over 700 major digital assets. KuCoin is known for its user-friendly interface, low fees, and innovative features such as KuCoin Lending, KuCoin Futures, and KuCoin Pool-X. The exchange also has its own native token, KCS, which offers various benefits to holders.
But is KuCoin available in your country? In this article, we will answer some of the most common questions about KuCoin’s supported and restricted countries, regulations, and other requirements. We will also provide some tips on how to use KuCoin safely and securely in the US, UK, and Canada.
Whether you are a beginner or an experienced trader, this guide will help you understand how to use KuCoin in your location. Let’s get started!
Kucoin Supported Countries
Kucoin is a global cryptocurrency exchange that operates in over 200 countries.
- Some of the supported countries include most countries in Europe, such as Germany, France, Poland, Sweden, and the UK.
- Kucoin also supports most Latin American countries, such as Brazil, Argentina, and Chile.
- Kucoin is also highly active in Asia, servicing countries like India, Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
- Kucoin also offers its services in Australia, New Zealand, and South Africa.
Kucoin Restricted Countries
Certain nations are limited or prohibited from using the Kucoin exchange for legal and regulatory reasons. The use of Kucoin is now prohibited for citizens or residents of the US, Canada, Japan, China, South Korea, and Vietnam.
OFAC nations, including Afghanistan, Iran, Iraq, North Korea, Syria, Yemen, and Cuba, are among the other countries where the use of Kucoin is also prohibited. These limitations are dynamic and are subject to modification at Kucoin’s sole discretion.
Is Kucoin Regulated?
Kucoin is not governed by any financial regulatory body. However, since Kucoin operates in a global and decentralized manner, it has earned several licenses in a variety of jurisdictions, such as:
- KuCoin is a Virtual Financial Asset (VFA) Service Provider registered with the Malta Financial Services Authority (MFSA) in Malta.
- The Financial Services Authority of Seychelles (FSA) has registered KuCoin as a Digital Asset Exchange (DAE) under its jurisdiction, Seychelles.
- KuCoin is listed with the Cayman Islands Monetary Authority (CIMA) as a Designated Non-Financial Institution (DNFI).
Kucoin, however, is not subject to any financial authority’s regulation in either the US or Canada, and this is a key point to remember. Users from these nations may therefore experience some dangers or restrictions when using Kucoin.
Is Kucoin available in the US?
Kucoin is technically not available for US citizens, as it does not have the legal authority or license to operate in the US.
However, it is also important to note that Kucoin does not require users to verify their identity unless they plan to trade more than 1 bitcoin per day, which most people don’t do. This means that US users can still access Kucoin’s services by using a VPN and trading crypto-to-crypto pairs. However, this also means that US users may face some risks or limitations when using Kucoin, such as not being able to access all the features or having lower withdrawal limits.
Can I use Kucoin in Canada?
Since Kucoin’s services are not offered in North America, users from countries like the United States and Canada are not permitted to use them.
But Kucoin does not require KYC, which means that anyone around the world (Canada included) can still use the platform. You can immediately withdraw up to 1 BTC per day without verifying your identity.
Can I use Kucoin in the UK?
The trading services provided by Kucoin are available to citizens of the United Kingdom.
If you live in the UK, you can use KuCoin to trade cryptocurrencies. But be careful; there are some risks and limits associated with it. The reason the exchange lacks a financial license is that the UK’s financial regulator doesn’t often grant licenses to crypto exchanges.
Where is Kucoin based?
Founded in 2017, Kucoin is based in Mahe, Seychelles, which is an island nation in the Indian Ocean. Kucoin has obtained licenses in Singapore, Seychelles, and the Philippines, which allow it to operate legally and safely in these regions. Known as “the people’s exchange,” Kucoin has collected over 20 million registered users from 200 different nations.
Kucoin KYC countries list
Know Your Customer (KYC) checks may soon be required on the exchange, according to recent announcements by Kucoin. To access Kucoin’s services, new users must successfully complete KYC verification by July 15, 2023.
Existing customers can still withdraw money even without completing KYC because it is not required to access some functions. Kucoin requires KYC verification for its users, depending on their level of activity and withdrawal limit. Kucoin KYC consists of three levels: Level 1, Level 2, and Level 3.
All KuCoin KYC features are available and fully verified in the following countries:
- Algeria
- Andorra
- Angola
- Antigua and Barbuda
- Argentina
- Armenia
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Belarus
- Belgium
- Belize
- Benin
- Bhutan
- Bolivia
- Botswana
- Brazil
- Brunei
- Bulgaria
- Burkina Faso
- Burundi
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Cayman Islands
- Chile
- Colombia
- Comoros
- Costa Rica
- Cote d’Ivoire
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- Estonia
- Ethiopia
- Fiji
- Finland
- France
- Faroe Islands
- Falkland Islands
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Grenada
- Guatemala
- Guinea
- Guinea-Bissau
- Guyana
- Guernsey
- Guadeloupe
- Honduras
- Hong Kong
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Jersey
- Japan
- Kazakhstan
- Kenya
- Kiribati
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lebanon
- Lesotho
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Macedonia (North Macedonia)
- Madagascar
- Malawi
- Malaysia
- Maldives
- Marshall Islands
- Mauritania
- Mauritius
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Mozambique
- Namibia
- Nauru
- Nepal
- Netherlands
- New Zealand
- Niue
- Niger
- Nigeria
- Norway
- Oman
- Pakistan
- Palau
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Poland
- Portugal
- Qatar
- Romania
- Russian Federation
- Rwanda
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- Sao Tome and Principe
- Saudi Arabia
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Slovakia
- Slovenia
- Solomon Islands
- South Africa
- South Korea
- Spain
- Sri Lanka
- Suriname
- Swaziland (Eswatini)
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Timor-Leste
- Togo
- Tonga
- Trinidad and Tobago
- Tunisia
- Turkey
- Turks and Caicos
- Turkmenistan
- Tuvalu
- Ukraine
- United Arab Emirates
- United Kingdom
- Uruguay
- Uzbekistan
- Vanuatu
- Venezuela
- Vietnam
- Virgin Islands, British
- Zambia
- Zimbabwe
