Bitcoin Forum

Hello

Does someone knows how much is the limit for buying BTC on Kucoin platform without verification using card when buying ?

If you want to buy using fiat then you will need to verify your account. For crypto to crypto buying in other word depositing has not limit I think but with a unverified account you can withdraw up to 5 BTC.

Hope this helps.

Edit: Check this information
https://support.kucoin.plus/hc/en-us/articles/360015102254-About-KYC-Verification

So this means without verification you have 1400 USD limit for buying and 2btc daily for withdrawal ...

And if you pass the KYC1 ( where you only put ID number) your buying limits will be raised to 70000 USDT?

Without KYC verification, you cannot deposit USD in Kucoin and that means you cannot buy anything.
The 1400 USDT "Fiat-to-Crypto trading limit" is the benefit of having a KYC level 1 account.
Your trading limit will increase to 70,000 USDT once you complete KYC level 2.

i dont Use kucoin but do they only allow 1400 buying limit for 24 hrs if none verified? if does so better use binance because i think the Limit in buying is higher though the withdrawal are the same

KYC means Need to Send a picture of You Holding That Government issued ID ,and not sending the ID number alone.. ( though maybe depend in which country we live)

You can enjoy more features and limitations if you are lifted to the next level. However, it is a need for you also to submit IDs in order to complete your KYC verification process and make you leveled up to Level 2 if approved. If you already have an account in Kucoin, you can simply check its limitation as well and for sure, there is an increase of buying and withdrawal limits but higher than of level 1.

For the WD, kucoin, for an unverified account, only 5 btc is different if it has been verified until KYC 2 can reach more than 100 btc. I HOPE THIS HELPS

Probably after the hack, I guess you need to stay away from Kucoin exchange. Almost every crypto exchange asks our KYC for depositing fiat funds to prevent Money Laundering and trade them in crypto. There are a few ways you could trade anonymously like swapping your fiat to bitcoin in any Bitcoin ATM or using Localbitcoins and finding a trader to buy bitcoin using fiat.

But, from last year you need to verify your ID in localbtc if you are going to trade more than $1000 otherwise you need to give your mobile number for less than $1000 trades. Check their blog post for more info regarding this : https://localbitcoins.com/blog/id-verification-update/ . Other than this, I don't think there is a way for you to buy bitcoin anonymously without handing over your ID.

There are possibly a lot more risk factors associated while handing over your ID proofs to a crypto exchange, you can have a read about that here : Why KYC is extremely dangerous – and useless (https://bitcointalk.org/index.php?topic=5221497.0) and here are a list of P2P exchanges where you can trade anonymously : List of P2P/no-KYC exchanges (https://bitcointalk.org/index.php?topic=5180421.0). You should stay away from selling your KYC for just converting fiat to bitcoin, rather use P2P exchanges like Bisq : https://bisq.network/

I know that almost all crypto exchange required KYC if you are going to deposit fiat money and buy bitcoin and other digital currency using your fiat money.
But if you are going to buy bitcoin with other crypto then kyc is not required and you can also withdraw it even you don't take any kyc up to 5btc.

But if you are hesitant to use Kucoin exchange then you can find other crypto exchange which you can use your fiat money to buy bitcoin with out taking KYC.

Do you need that high limit for your trading activity? If not then you can use that exchange without any verification no need for high limit if you know you will not deposit or widraw large amount .but if you want for your security also you can make KYC it's already explain  in the blog why you need to do it in case of hacking they can easily identity that you are the owner of that account.