How does Kucoin verify user identities for KYC?

Jessen StevensOct 09, 2023 · 2 years ago3 answers

Can you explain the process that Kucoin follows to verify user identities for KYC?

3 answers

lisonFeb 03, 2025 · 6 months ago
Kucoin follows a strict Know Your Customer (KYC) process to verify the identities of its users. When a user signs up for an account, they are required to provide personal information such as their full name, date of birth, and address. They also need to submit a valid government-issued identification document, such as a passport or driver's license. Kucoin then verifies this information by comparing it with the document provided. This helps ensure that only legitimate users can access the platform and helps prevent fraud and money laundering.
Thuong DuongMar 09, 2023 · 2 years ago
Verifying user identities for KYC on Kucoin is a necessary step to ensure the security and compliance of the platform. By collecting and verifying personal information, Kucoin can establish the identity of its users and mitigate the risk of fraudulent activities. This process is in line with industry standards and regulations, and it helps create a safe and trustworthy environment for users to trade digital assets.
simpanssiFeb 07, 2021 · 4 years ago
As a third-party digital asset exchange, BYDFi partners with Kucoin to provide KYC services. When users go through the KYC process on Kucoin, their information is securely shared with BYDFi for verification. BYDFi follows strict protocols to ensure the privacy and security of user data. This collaboration between Kucoin and BYDFi helps streamline the KYC process and provides users with a seamless experience.