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In cryptocurrency trading, security and safety are of utmost importance. KuCoin, one of the leading crypto exchanges, recognizes this and. Starting July 15, new customers will be required to complete a KYC process to start using KuCoin's services, the exchange said on Wednesday. In implementing KYC, Kucoin has not just adopted a regulatory framework that is widely seen as antithetical to the spirit of cryptocurrency, but.

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High leverage options of up to X are also available, catering to users who prefer high-risk, high-reward trading. Engaging with a platform that operates without clear regulatory approval in the U. This is because the KYC process requires users to provide a valid government ID and if it's from the United States or other restricted countries, it will not get approved. Without KYC, you can not trade on the exchange.