At last, this is happening. I hope Ratimov will update it on his no-KYC exchange thread. I also hope Kucoin would be delisted from https://kycnot.me site.

According to the news, old users will not be able to deposit, but they will still be able to do some things:


But all these no-KYC centralized exchanges will have no option later than to make their users submit KYC documents.

After all any centralized exchange can't be trusted and survive for long if you want to trade without KYC.

The other popular centralized exchanges which still offer to trade without KYC e.g. OKX, Huobi and Poloniex soon will follow Binance, Bybit, Kucoin etc. Bisq, Agoradesk, Robosats are still become the best choice to trade Bitcoin without KYC.

I didn't say that Kucoin was the only exchange that didn't ask for KYC, but that it was one of the most reliable ones without mandatory KYC requirement and there is difference between those two things.

Beside Coinex and OKX, there are few more exchanges that don't ask for KYC like Bitget, Mexc, Ascendex etc but its just a matter of time before they do the same as Kucoin and many other exchanges before them.

Yeah, just received the email earlier and its really expected. And just like what i have said previously since it's my first exchange and regular users, i don't mind proceeding their mandatory KYC.

When I first read the news I thought that existing accounts would be spared. However, it appears that not only are new accounts required to undergo KYC verification, but it also states that existing users won't be able to deposit funds unless they are KYC-ed too. Bummer, right? Kucoin was like the go-to spot to trade those less-known tokens without dealing with DEXs. I mean, it is always a hassle having to verify your identity and all that shit, not to mention the potential privacy concerns it raises.

Or if they can withdraw what's still in their accounts, they might still find it useful to trade on Kucoin since they do have a ton of altcoins and good liquidity as well.

I'm not exactly saddened by this news, since I haven't used Kucoin in a while and have always found their UI to be annoying, but part of me is disappointed that another exchange is being forced to go the KYC route.  I knew it would happen sooner or later with them, and I know the whole landscape for exchanges is going to be completely different within a few years, but still.  This is how the spirit of bitcoin/crypto gets broken, by government's influence on the exchanges through which people can acquire it. 

Here's hoping that at least a few non-KYC exchanges remain in the next year, even if they're some of the smaller ones.  We're exiting the wild west days, my peeps.

First, Binance was the most likeable exchange that didn't enforce KYC until it became mandatory and it's like Kucoin was the only remaining cex that allows no-kyc for their level 1 users but it's come to an end. This is all expected and I've seen an image that US users are probably also out of the exchange, I'm not sure with that but someone who's from there and is a Kucoin user can verify if possible.

That's to be expected as well and that's because of the pressure that these exchanges gets from the regulators.

their desire to expand is the reason. I used to think that they are doing successful business due to the fact that they do not ask for any strick KYC data about customers, but now they are like Binance and I hope they have a better exchange model as their only advantage in my view has been lost.

I will try to find a new exchange until the last KYCless centralized exchange and I hope to find a decentralized exchange with good liquidity and speed in executing orders.

One important point that is not getting talked about enough is that US investors will not be able to complete the KYC. It is specifically designed to keep them out.

So the wall around the USA investors are closing.

Soon there will only be P2P services, exchanges which require a US address for KYC such as Coinbase and Binance.US, and scams.

Makes it harder when they travel tbh.