Hey guys! I’ve been looking into getting BNB coins recently, but after the news broke that Binance will ban US customers from its exchange and will open separate one for them, I became very skeptical about it. As such, I stumbled upon KCS which instantly caught my attention! I will be buying more KCS in coming days for sure.

However, can someone answer this to me please: is KCS going to have same fate as BNB in terms of banning US customer base and it’s just a matter of time before it happens? Or are US residents safe to use Kucoin exchange and store cryptos there?

Please help me understand this aspect of Kucoin exchange!

➔ Visit Kucoin now and start trading


  1. Dr_User on 23. June 2019 at 23:30

    I think it’s safe, no kkyc for anyone under 2btc withdrawal per day


  2. Cleo5to7 on 23. June 2019 at 23:30

    Binance is making a separate exchange for us residents with less coins btw


  3. CurrensKruptos on 23. June 2019 at 23:30

    Hi [u/Rishat777](https://www.reddit.com/user/Rishat777/)! Out of respect to the company’s operational requirements, we are only providing service for countries listed in the KYC countries list (US is not included), in order to comply with all applicable laws and regulations. If a user’s country is not included in the list, unfortunately, we are temporarily unable to verify the user’s KYC. If the account is not KYC verified, the daily withdrawal limitation would be 2 BTC.


  4. CryptoKnight614 on 23. June 2019 at 23:30

    The general rule of thumb is: if you don’t have the private key they aren’t your coins. Most exchanges don’t give private keys (“Abra”gives a seed). Whoever has the private key to the wallet has total control of the coins, ex. they get all the coins in a hardfork. What 99% of people suggest is to only keep high values on an exchange when you plan on trading it, otherwise transfer it to a light/paper/hardware wallet with a viewable private key or mnemonic seed. That way if the exchange gets hacked like many have you’ll be fine. If there is a hardfork you can claim both cryptos. If someone hacks into your account on the exchange you’re fine. If there is an exit scam like a few have done you’re fine. In conclusion, it’s never “safe” to store anything of value on any exchange, that’s just part of the risk that come with the territory.


  5. LogrisTheBard on 23. June 2019 at 23:30

    There has been no official information about this yet. Kucoin could similarly ban US customers tomorrow. They’ve made no comments either way. According to US law it would be the exchange not the consumer in trouble. You personally aren’t in legal jeopardy for using the Kucoin exchange.

    The closest thing to an official stance is that Kucoin only supports service in KYC compliant countries. The US is not included in that list and therefore Kucoin does not officially support servicing US customers. However they aren’t stopping them either, yet.

    Regarding security and coin safety Binance has a safu insurance fund against hacks. To my knowledge no hacks have occurred on Kucoin yet, but the coins aren’t insured. As with many others I’d recommend you trade using Kucoin and withdraw to a private wallet if you want to maximize your security.