KuCoin: A Complete Guide to Opening an Account, Registration, KYC, and Two-Factor Authentication (2025 Edition)

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KuCoin is one of the most widely recognized cryptocurrency exchanges in the global digital asset market. Known for its broad selection of tradable cryptocurrencies, competitive fees, and user-friendly interface, KuCoin offers both beginner and experienced traders a secure platform to buy, sell, and manage digital assets. This comprehensive guide walks you through the entire process—from account creation and identity verification (KYC) to enabling two-factor authentication and essential security practices—ensuring a safe and smooth onboarding experience.

What Is KuCoin? An Overview of the Exchange

Established in 2017 and originally based in Hong Kong, KuCoin has since relocated its operations to Seychelles, aligning with international regulatory standards. Today, it serves millions of users worldwide and supports over 600 cryptocurrencies, making it one of the most diverse exchanges available. With support for multiple languages—including English, Japanese, Spanish, French, and more—KuCoin caters to a truly global audience.

The platform operates with Bitcoin (BTC) as its primary base currency and offers advanced trading features such as spot trading, margin trading with up to 100x leverage, futures contracts, staking, and a native token called KCS (KuCoin Shares), which provides fee discounts and passive income opportunities.

Key Features at a Glance:

👉 Discover how top traders secure their crypto accounts with advanced authentication tools.

Regulatory Status and Licensing

While KuCoin initially operated without formal licensing, it has since obtained regulatory approval from the Seychelles Financial Services Authority (FSA). This marks a significant step toward compliance and legitimacy. The exchange now maintains strict internal audits and adheres to international financial regulations to protect user assets and ensure transparent operations.

This regulatory shift enhances trust among users, especially those concerned about the long-term stability and legal standing of cryptocurrency platforms.

Past Security Incident: The 2020 Hack

In September 2020, KuCoin suffered a major security breach resulting in the unauthorized withdrawal of approximately $200 million in digital assets. While this event raised concerns, the exchange responded swiftly by freezing affected wallets, recovering most of the stolen funds, and reimbursing all impacted users.

Since then, KuCoin has overhauled its security infrastructure. Today, it employs cold wallet storage for the majority of user funds, implements real-time transaction monitoring, and mandates two-factor authentication (2FA) for critical account actions.

This incident underscores the importance of personal security measures—even on well-protected platforms.

Global User Base and Market Presence

According to industry analysis from TradersUnion, KuCoin boasts a substantial international presence with active users across North America, Asia, Europe, and Latin America. The largest user communities are located in the United States, India, Japan, Canada, Mexico, and Venezuela.

Its reputation for low fees, fast customer support, and frequent promotional campaigns contributes to its growing popularity—especially among traders seeking access to emerging altcoins not listed on larger exchanges like Binance or Coinbase.

Step-by-Step: How to Open a KuCoin Account

Creating a KuCoin account is quick and free. The entire registration process takes less than a minute. Follow these steps:

  1. Visit the official KuCoin website.
  2. Click "Sign Up".
  3. Enter either your email address or phone number (select country code if using phone).
  4. You’ll receive a verification code via email or SMS—enter it to proceed.
  5. Create a strong password (at least 8 characters with uppercase, lowercase, and numbers).
  6. Agree to the Terms of Service and complete registration.

Once registered, you can log in immediately and begin exploring the platform.

🔐 Pro Tip: Use a unique password not used on any other site. Consider using a password manager for added security.

Essential Security Setup for Your KuCoin Account

Even though you can start trading right after registration, securing your account should be your top priority. Here are three critical security layers every user should enable:

1. Google Authenticator (Two-Factor Authentication)

Two-factor authentication (2FA) adds an extra layer of protection beyond your password.

Steps to Enable:

From now on, you’ll need this time-based code every time you log in or perform sensitive actions.

👉 Learn why experts recommend avoiding SMS-based 2FA for crypto accounts.

2. Transaction Password

A transaction password is required when withdrawing funds or modifying sensitive settings.

How to Set It Up:

This prevents unauthorized withdrawals even if someone gains access to your login credentials.

3. Anti-Phishing Code

An anti-phishing code helps you identify legitimate emails from KuCoin.

Setup Instructions:

Now, any official email from KuCoin will include this code in the body. If you receive an email without it, treat it as suspicious—it may be a phishing attempt.

How to Complete Identity Verification (KYC)

While KuCoin allows trading without KYC verification, completing this step unlocks key benefits:

Verification Process:

  1. Click your profile icon > KYC Verification.
  2. Select your country and enter personal details (name, date of birth, etc.).
  3. Choose your ID type: passport, driver’s license, national ID, or residence card.
  4. Upload clear photos of your document via the mobile app (a QR code will guide you).
  5. Wait 1–3 business days for review.

Once approved, your verified status will be displayed in your account dashboard.

Frequently Asked Questions (FAQ)

Q: How long does it take to open a KuCoin account?
A: Registration takes about one minute. Full setup with security features takes under 10 minutes.

Q: Can I trade without completing KYC?
A: Yes. However, unverified accounts face lower withdrawal and trading limits.

Q: Is my personal information safe on KuCoin?
A: Yes. Since the 2020 hack, KuCoin has strengthened encryption, implemented strict access controls, and adopted third-party security audits.

Q: What should I do if I forget my password?
A: Click “Forgot Password?” on the login page and follow the reset instructions sent to your email.

Q: Why can’t I connect to the server?
A: This could be due to maintenance, network issues, or regional restrictions. Try refreshing your browser or using a different connection.

Q: Can I delete my KuCoin account?
A: Yes. Go to Security Settings > Remove Account, review the warnings, and confirm deletion.

👉 See how secure crypto platforms prevent unauthorized access with multi-layered defenses.

Final Thoughts

KuCoin stands out as a versatile and accessible cryptocurrency exchange suitable for traders around the world. With robust security protocols, a wide array of digital assets, and continuous improvements in compliance and user experience, it remains a top choice in 2025.

By following this guide—registering securely, enabling 2FA, setting a transaction password, using an anti-phishing code, and completing KYC—you’ll maximize both safety and functionality on the platform.

Whether you're new to crypto or expanding your portfolio, taking these steps ensures you’re well-prepared for a confident trading journey.

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