After all any centralized exchange can't be trusted and survive for long if you want to trade without KYC.
The other popular centralized exchanges which still offer to trade without KYC e.g. OKX, Huobi and Poloniex soon will follow Binance, Bybit, Kucoin etc. Bisq, Agoradesk, Robosats are still become the best choice to trade Bitcoin without KYC.
Topic: Kucoin to introduce mandatory KYC - page 3. (Read 578 times)
This news sucks since Kucoin has been one of the most reliable KYCless exchanges left on the market, but then again that's not something that we haven't expected to happen sooner or later and same thing will happen to others. At this point it is inevitable.
According to the news, old users will not be able to deposit, but they will still be able to do some things:
Basically they will be able to 'play" with the amount they have left there, but if you can't deposit crypto on an exchange, it will eventually become useless. 
At last, this is happening. I hope Ratimov will update it on his no-KYC exchange thread. I also hope Kucoin would be delisted from https://kycnot.me site.
According to the news, old users will not be able to deposit, but they will still be able to do some things:
But all these no-KYC centralized exchanges will have no option later than to make their users submit KYC documents.
According to the news, old users will not be able to deposit, but they will still be able to do some things:
Quote
KuCoin’s existing users will still be able to use services like spot trading sell orders, futures trading deleveraging and margin trading deleveraging. Other available services for existing non-KYC users include redemptions at KuCoin’s staking and lending hub, KuCoin Earn, as well as exchange-traded funds’ redemption.
But all these no-KYC centralized exchanges will have no option later than to make their users submit KYC documents.
Well that was expected
I don't think I will miss them. I last used Kucoin, probably in 2019/2020 when I discovered that my jurisdiction was one of those that was restricted by them, something other popular crypto exchanges don't do. So I thought to myself that It was dangerous to deposit money in a platform that has their terms of service clear about restricted jurisdictions even when KYC verification was still relaxed
They have a long list of restricted countries, I am pretty sure their trading volumes are going to dwindle in the coming days.
I don't think I will miss them. I last used Kucoin, probably in 2019/2020 when I discovered that my jurisdiction was one of those that was restricted by them, something other popular crypto exchanges don't do. So I thought to myself that It was dangerous to deposit money in a platform that has their terms of service clear about restricted jurisdictions even when KYC verification was still relaxed
They have a long list of restricted countries, I am pretty sure their trading volumes are going to dwindle in the coming days.
So that's it, as we've all predicted, this was just a matter of time. Kucoin will officially introduce mandatory KYC starting next month (15 of July)[1]
The current users won't be able to deposit anymore but withdrawal will remain unaffected.
[1] https://cointelegraph.com/news/kucoin-crypto-exchange-to-introduce-mandatory-kyc-in-july
The current users won't be able to deposit anymore but withdrawal will remain unaffected.
[1] https://cointelegraph.com/news/kucoin-crypto-exchange-to-introduce-mandatory-kyc-in-july
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