Kucoin Supported Countries | Is It Offered in Your Country?
Mike Harry
Feb 2024
5 min read
Fact checked
Kucoin Supported Countries: Kucoin is a popular cryptocurrency exchange that offers a wide range of 700 cryptocurrencies to over 30 million users. In this breakdown, we cover which countries are supported and which ones are restricted from using Kucoin. If you are not sure if you can use Kucoin in your country, read on and find out!
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
For those interested in leveraged trading, Kucoin provides margin trading with up to 10X leverage, allowing users to go long or short on over 100 cryptocurrencies.
Additionally, Kucoin features futures trading with more than 250 contracts available, including various products like USDT and USDC margin contracts, coin-margin contracts, and grid bots.
Kucoin Futures
High leverage options of up to 125X are also available, catering to users who prefer high-risk, high-reward trading.
Kucoin has become a leading global exchange not only because of its wide range of products but also because it supports access in over 200 countries.
In Europe, Kucoin serves a diverse range of countries including Germany, France, Italy, Spain, Sweden, Romania, Poland and many others.
Moving to Asia, Kucoin has established a significant user base by catering to countries like Japan, malaysia, South Korea, India, and Indonesia. These regions are known for their rapidly growing interest in digital currencies and Kucoin has managed to capture significant market share here.
In the African continent, Kucoin is accessible in nations such as Nigeria, South Africa, and Kenya which are smaller but also fast growing markets.
Latin America also features in Kucoin's network with countries like Brazil, Argentina, Columbia and Mexico being supported.
In the Middle East, Kucoin extends its services to countries like the United Arab Emirates and Saudi Arabia that are more and more open to the digital asset landscape.
With such as wide geographical foot print, it's no wonder that Kucoin has reached over 30 million users worldwide while still rapidly growing.
Kucoin Restricted Countries
Kucoin is a global cryptocurrency exchange, but due to varying legal regulations, it's not accessible everywhere.
However, there are certain countries that are restricted or banned from using the Kucoin exchange due to legal and regulatory reasons.
As of now, individuals or residents of countries such as the United States, Canada, Japan, China, South Korea, and Vietnam are restricted from using Kucoin.
For Americans that wish to use a safe and FinCEN regulated exchanges to invest in 1,00s of digital assets, we recommend signing up to eToro or Uphold.
These are beginner friendly platforms that allow Americans to quickly and safely deposit funds in order to invest in cryptocurrencies.
Those who hold their funds in banks Chase, Citibank, Capital Bank, Wise, Affirm, Chime and others, can deposit and withdraw USD free of charge to these platforms.
Kucoin Banned Countries
Besides more basic country restrictions, there are additional countries that are banned from using Kucoin which includes OFAC countries such as Afghanistan, Iran, Iraq, North Korea, Syria, Yemen, and Cuba.
Kucoin KYC countries list
Kucoin recently announced that Know Your Customer (KYC) checks will become compulsory on the exchange.
Kucoin KYC countries list
Starting from July 15, 2023, new users must pass KYC verification to use Kucoin's services in order to meet legal requirements regarding global KYC principles.
This significant policy change means that both new and existing users are required to undergo identity verification to continue accessing KuCoin's full range of services without restrictions.
While existing users also need KYC to unlock specific features, however, they can still withdraw funds without it.
The required documents for completing the KYC process include providing identifying documents such as passport, driver's license and or a utility bill.
Is Kucoin available in Canada?
At the time of writing, Kucoin is not available in North America which means that countries such as the United States and Canada are prohibited from using it's services.
For Canadian residents, we recommend signing up to Uphold as that is regulated by FINTRAC in Canada and offers a wide range of over 300 cryptocurrencies.
Is Kucoin Regulated?
KuCoin is not currently regulated by any financial authority. However, it has obtained a number of licenses in various jurisdictions such as:
1. Malta: KuCoin is registered with the Malta Financial Services Authority (MFSA) as a Virtual Financial Asset (VFA) Service Provider. 2. Seychelles: KuCoin is registered with the Financial Services Authority of Seychelles (FSA) as a Digital Asset Exchange (DAE). 3. Cayman Islands: KuCoin is registered with the Cayman Islands Monetary Authority (CIMA) as a Designated Non-Financial Institution (DNFI).
These licenses allow KuCoin to operate in these jurisdictions and offer its services to residents of these countries.
However, it is important to note that KuCoin is not regulated by any financial authority in the United States or Canada.
Is Kucoin legal in the UK?
Fortunately for residents of the United Kingdom, they are eligible to use the trading services offered by Kucoin. Simply signup with only takes minutes and deposit cryptocurrencies or fiat currencies and begin trading!
Where is Kucoin based?
With its headquarters based in Seychelles, Kucoin which is also known as "the people's exchange," has managed to amass over 20 million registered users from 200 countries worldwide.
Kucoin available countries
Kucoin is available across 99% of the countries world wide with the exception of certain countries that have stricter cryptocurrency rules and regulations.
This includes countries like the United States, Canada and the United Kingdom which are particularly difficult countries to obtain licenses in.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
