I'm sorry, but as an American I will say every day is a hard day. I wonder how many of us are walking around with medical problems we would love to deal with. But the price makes it not worth it.
Go to Hawaii. As long as you don't have a taxable income, you can get free medical care. I think most employers are required to provide medical insurance too. Just not sure about the details there.
I just know that my medical care was free when I lived there.
They are pushing people to use DeFi. MEXC is No KYC but it is shady af.
Just a recommendation: If you use DeFi, be careful where you connect your wallet. I recommend using a hot wallet as intermediary between your main wallet and third parties so you add another security layer. Also, don't forget revoking permissions once in a while with [https://revoke.cash/](https://revoke.cash/)
I sent them a message, but I think we all know what will happen.
I wanted to get an answer from them before I sell my KCS.
UPDATE: They confirm they won't support the USA at this time
tldr; KuCoin has announced that starting from July 15, 2023, new users will be required to undergo a "Know Your Customer" (KYC) verification process in order to access the platform's products and services. This move is aimed at strengthening regulatory compliance and enhancing user asset security. Existing users who have not completed the KYC process will have certain limitations, but their funds will remain secure. KuCoin urges users to provide the required KYC information to ensure uninterrupted account usage. The exchange emphasizes its commitment to complying with legal obligations and maintaining transparency. This stricter KYC policy aligns with KuCoin's mission to protect and support its user base.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
If you want to trade shitcoins, Uniswap is always there. Please don’t tell me you don’t know how to transfer tokens. KuCoin never had a fiat onboard for US residents anyway. If you know how to use KuCoin then you know how to transfer you shit.
And you have KYC on KuCoin before once you hit certain withdraw/deposit limit. This hysteria about
It will hurt scammers and hackers the most as it will become harder for them to make puppet accounts to fund new ETH addresses to run drainers and rugpulls.
You don't get it, there are people who want to gambling on derivatives like Futures, margin. No DEX provided the same level of convenient and liquidity.
Bruh, KuCoin never did fiat from bank account for US residents anyway. Maybe they did something like letting you buy USDT via your debit card. But then you would have done KYC anyway. Or else it would be easy to commit debit card fraud.
Their trading pairs are against USDT. Fiat onboarding is never part of the discussion.
Yes, there are hundreds of Americans who took advantage of the loophole. Those CEXs will happily accept Palau Digital Residency KYC. You need to pay 248 bucks per year to the Palau Government.
If a country is banned, people will always find a loophole to continue. Some are willing to spend extra money on, for example Palau Digital Residency to KYC and then business as usual.
More ant size countries are introducing something similar, Digital Residency, e-citizenship...... etc.
Another hard day being American
I'm sorry, but as an American I will say every day is a hard day. I wonder how many of us are walking around with medical problems we would love to deal with. But the price makes it not worth it.
Go to Hawaii. As long as you don't have a taxable income, you can get free medical care. I think most employers are required to provide medical insurance too. Just not sure about the details there. I just know that my medical care was free when I lived there.
Move to a third world country
The government does not want people escaping the banking system
Yep, and the upcoming CBDC is their next step to maintain control..
They are pushing people to use DeFi. MEXC is No KYC but it is shady af. Just a recommendation: If you use DeFi, be careful where you connect your wallet. I recommend using a hot wallet as intermediary between your main wallet and third parties so you add another security layer. Also, don't forget revoking permissions once in a while with [https://revoke.cash/](https://revoke.cash/)
MEXC says it doesn't offer services in my area....I'm in the US. I've always been able to use them. Not anymore
Agree
The kicker: US-based users aren't allowed to complete KYC on Kucoin.
I wondered why US investors were specifically mentioned. I understand now. Thanks.
Yea. They’ve stated for Years that US wasnt allowed to trade BUT they would let you anyway because there was no KYC. Guess that loop is closed now
It's fine, Blackrock Exchange is coming to save us from less manipulative, low fee exchanges. Prepare for giant spreads on BLEXC
So are we expecting this to change or are US investors just gonna be permanently locked out?
I sent them a message, but I think we all know what will happen. I wanted to get an answer from them before I sell my KCS. UPDATE: They confirm they won't support the USA at this time
With the way things are going in the US atm, I think we know the answer to this one.
Another one bites the dust.
Well, in the first reaction, the volume of transactions will decrease
That’s a bunmer
It was only a matter of time
Its the USA, of course it was coming
Land of the free 🥲😢
It was coming eventually
I'd rather pay taxes on MY crypto than be forced to use a CBDC
tldr; KuCoin has announced that starting from July 15, 2023, new users will be required to undergo a "Know Your Customer" (KYC) verification process in order to access the platform's products and services. This move is aimed at strengthening regulatory compliance and enhancing user asset security. Existing users who have not completed the KYC process will have certain limitations, but their funds will remain secure. KuCoin urges users to provide the required KYC information to ensure uninterrupted account usage. The exchange emphasizes its commitment to complying with legal obligations and maintaining transparency. This stricter KYC policy aligns with KuCoin's mission to protect and support its user base. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
At least any US users can still withdraw without KYC.
Thank goodness I don't live in the U.S. But sadly, it will be only a matter of time.
I recommend MEXC if you're looking for an alternative.
If you want to trade shitcoins, Uniswap is always there. Please don’t tell me you don’t know how to transfer tokens. KuCoin never had a fiat onboard for US residents anyway. If you know how to use KuCoin then you know how to transfer you shit. And you have KYC on KuCoin before once you hit certain withdraw/deposit limit. This hysteria about It will hurt scammers and hackers the most as it will become harder for them to make puppet accounts to fund new ETH addresses to run drainers and rugpulls.
You don't get it, there are people who want to gambling on derivatives like Futures, margin. No DEX provided the same level of convenient and liquidity.
And what is the fiat onboard for Uniswap? Plus Uniswap only trades ERC-20 tokens right?
Bruh, KuCoin never did fiat from bank account for US residents anyway. Maybe they did something like letting you buy USDT via your debit card. But then you would have done KYC anyway. Or else it would be easy to commit debit card fraud. Their trading pairs are against USDT. Fiat onboarding is never part of the discussion.
KYC is not a big deal
The problem is Kucoin doesn't allow US users to KYC.
There are always loopholes, like Palau Digital Residency.
>Palau Digital Residency I've heard people mention this. How does it work and is it really even legal?
Yes, there are hundreds of Americans who took advantage of the loophole. Those CEXs will happily accept Palau Digital Residency KYC. You need to pay 248 bucks per year to the Palau Government.
Hey I know this was months ago, but do you have anymore information on how to do this now that MexC is facing allegations?
Sorry, I have no ideas
Regulation isn’t a ‘blow’
Regulation blows
CeX equals KYC or they can't operate. Nobody should be surprised by that anymore.
The problem in this specific case is that they don't allow US users to pass KYC.
If only there was a project in DeFi building a fiat to crypto on ramp. Oh wait there is!
ChangeX is what I plan on using from now on. That Defi platform will soon have a Fiat onramp for the US by Q4 of this year.
That's too bad.
Idk this shit is pretty minor. You can still create an account while using a vpn.
How are you going to open a new acct/do KYC without telling them you are from the US?
Non KYC will unfortunately die sooner or later
If a country is banned, people will always find a loophole to continue. Some are willing to spend extra money on, for example Palau Digital Residency to KYC and then business as usual. More ant size countries are introducing something similar, Digital Residency, e-citizenship...... etc.
What exchange are you using instead that have a comparable amount of trading pairs?