How to Deposit Crypto to KuCoin | KuCoin (2024)

FAQs

How to Deposit Crypto to KuCoin | KuCoin? ›

Deposit does not arrive due to an insufficient number of confirmations. Transactions on the blockchain must be confirmed by the nodes to be successful. The number of confirmations varies depending on the coin and network. You can check the amount of confirmations required on the KuCoin deposit page.

Deposit does not arrive due to an insufficient number of confirmations. Transactions on the blockchain must be confirmed by the nodes to be successful. The number of confirmations varies depending on the coin and network. You can check the amount of confirmations required on the KuCoin deposit page.

We now support direct deposits into your Funding Account, Trading Account, and sub-accounts. To learn more about the different account types and their functions, click here. For the KuCoin deposits page with your deposit addresses, click here.

The issue is that KuCoin is not licensed in the US; therefore, if you live there, you won't be able to verify your identification fully. So, if you wish to experience the platform's full functionality, you'll need a VPN, like top-rated NordVPN, to change your IP location to a country with the full KuCoin version.

Due to licensing issues, only a limited KuCoin version is available in the US. A VPN with a vast server fleet worldwide can help bypass these restrictions. Simply change your location and IP address and, in turn, use KuCoin without rules that apply to US users.

While you can open an account, you only have a certain amount of money available each day. The problem is that KuCoin is not licensed in the United States, so if you live there, you won't be able to completely validate your identity.

The issue is that KuCoin is not licensed in the US; therefore, if you live there, you won't be able to verify your identification fully. So, if you wish to experience the platform's full functionality, you'll need a VPN, like top-rated NordVPN, to change your IP location to a country with the full KuCoin version.

KuCoin only offers its services to nations specified on its Know Your Customer (KYC) website; sadly, the United States is not one of them. That implies that, while you can still use Kucoin in the US, you won't be able to use all of its features, which will have a direct impact on your trade.

Important. KuCoin isn't officially licensed to operate within the US. Although the trading platform doesn't explicitly state that VPN use is illegal, you might risk your account being suspended or worse. We recommend first reading KuCoin's Terms of Use before proceeding.

Yes. In the United States, your transactions on KuCoin and other platforms are subject to income and capital gains tax. If you've earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to the IRS.

Is KuCoin in trouble? ›

The Ontario Securities Commission secured a multi-million judgment against KuCoin's operators in June 2022 for operating without a license. In December, the Central Bank of the Netherlands issued a warning to investors about the exchange.

KuCoin CEO says the platform is operating well and there are no plans to halt withdrawals. There are rumors on social media that KuCoin could be facing difficulties. Crypto assets are not protected by FDIC insurance like dollars in a bank account.

KuCoin isn't licensed to operate in the US, so its verification process, Know Your Customer (KYC), isn't available. It only provides unlimited access to users who can be verified using KYC, so it puts restrictions on how much US customers can withdraw and trade to prevent money laundering.

KuCoin receives poor marks overall from its users. Several negative reviews report problems with customer support, the withdrawal process, and making deposits. Others accuse KuCoin of market manipulation and say their assets randomly disappeared from their accounts, which is especially concerning.