KUcoin forcing KYC for every users

[yesiam6]

From the https://www.kucoin.com/#/user/setting/kyc

"Notice: The KYC is not compulsory, which means if client chooses not to complete his/her KYC, the client could always trade without any restrictions. However there will be a limit of 2 BTC on withdrawal amount in 24 hours.The limitation on the withdrawal for KYC unverified account will be implemented on the 1st of Nov 2018."

So you will not be forced to do a KYC apparently but the unverified withdrawal amount will be limited to "only" 2 BTC per a day.
It doesn't seem that bad imo, binance has the same system in place right?

[1715292261]

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[1715292261]

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[1715292261]

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[Hamphser]

From the https://www.kucoin.com/#/user/setting/kyc

"Notice: The KYC is not compulsory, which means if client chooses not to complete his/her KYC, the client could always trade without any restrictions. However there will be a limit of 2 BTC on withdrawal amount in 24 hours.The limitation on the withdrawal for KYC unverified account will be implemented on the 1st of Nov 2018."

So you will not be forced to do a KYC apparently but the unverified withdrawal amount will be limited to "only" 2 BTC per a day.
It doesn't seem that bad imo, binance has the same system in place right?

Only whales and big time traders would definitely having this kind of problem but for small time traders i dont think this would be an issue since 2 btc is just decent enought to be a limit. Its already been clarified that KYC is not mandatory which is good to hear at.

[Script3d]

From the https://www.kucoin.com/#/user/setting/kyc

"Notice: The KYC is not compulsory, which means if client chooses not to complete his/her KYC, the client could always trade without any restrictions. However there will be a limit of 2 BTC on withdrawal amount in 24 hours.The limitation on the withdrawal for KYC unverified account will be implemented on the 1st of Nov 2018."

So you will not be forced to do a KYC apparently but the unverified withdrawal amount will be limited to "only" 2 BTC per a day.
It doesn't seem that bad imo, binance has the same system in place right?

Only whales and big time traders would definitely having this kind of problem but for small time traders i dont think this would be an issue since 2 btc is just decent enought to be a limit. Its already been clarified that KYC is not mandatory which is good to hear at.

im pretty sure whales and big traders would be able to comply. its really not an issue for small traders 2 btc is already huge for non verified limit. its good to hear kucoin didnt force their users to do kyc unlike bittrex , poloniex they could lose alot of customers if they ever forced.