Yes, KuCoin KYC is mandatory for users who want to access higher withdrawal limits, participate in futures trading, and utilize certain features on the platform. The KYC (Know Your Customer) process helps ensure the security and compliance of the exchange. <br> <br>To update KYC on KuCoin, follow these steps: <br> <br>1. **Log in to Your KuCoin Account:** <br> - Open the KuCoin app or visit the KuCoin website. <br> - Log in with your account credentials. <br> <br>2. **Navigate to the KYC Verification Page:** <br> - Click on your profile icon in the top right corner. <br> - Select &quot;KYC Verification&quot; from the dropdown menu. <br> <br>3. **Choose the KYC Level:** <br> - KuCoin offers different levels of KYC verification with varying benefits. Select the level that suits your needs. <br> <br>4. **Provide Personal Information:** <br> - Fill in the required personal details such as your full name, date of birth, and residential address. <br> - Ensure the information matches your official documents. <br> <br>5. **Upload Required Documents:** <br> - KuCoin KYC requirements typically include uploading a government-issued ID (passport, driver’s license, or national ID card). <br> - You may also need to provide a selfie or a photo of yourself holding the ID. <br> - In some cases, proof of address may be required (utility bill, bank statement, etc.). <br> <br>6. **Submit and Wait for Verification:** <br> - Review the information and documents you have provided. <br> - Submit your KYC application. <br> - Wait for KuCoin to review and approve your verification. This process can take a few days. <br> <br>By meeting KuCoin KYC requirements and completing the verification process, you can unlock additional features and higher transaction limits on the platform.

Yes, Bybit is implementing Know Your Customer (KYC) requirements. Bybit KYC is now necessary for users who want to access the full range of services on the platform, including withdrawals. Starting May 8, 2023, Bybit made it mandatory for users to complete KYC verification to withdraw more than 20,000 USDT per day or to participate in various promotional activities. This step aims to enhance security and compliance with global regulatory standards. Without completing Bybit KYC, users will face limitations on withdrawals and access to certain features.

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