Posted on 06/11/24 11:50 am

KuCoin: A Comprehensive Overview
KuCoin is an international cryptocurrency exchange platform where users can trade, purchase, transfer, and store over 700 altcoins. The platform’s native token (KCS) provides discounts on transaction fees and offers rewards. With more than 20 million users globally, KuCoin ranks among the largest exchanges in the cryptocurrency market.
KuCoin also provides robust security features, including two-factor authentication (2FA), encryption, and withdrawal whitelists, all designed to protect users. One of the platform’s security requirements during registration is the submission of a phone number, which can sometimes be a barrier to users concerned about privacy.
KuCoin Features and Benefits
KuCoin offers various benefits such as diverse trading options, data protection, peer-to-peer lending, and more. As a decentralized exchange, it operates independently of governmental regulation, which appeals to many users.
Some notable features of KuCoin include:
With a user-friendly interface, mobile app, 24/7 support, and the ability to earn rewards, KuCoin has facilitated over a trillion USD in transactions. Its low fees are competitive with other exchanges that typically charge 0.5% or more.
If you’re interested, you can download the KuCoin app or visit their website to create an account. Below, we outline the requirements for registration and how to complete it without a phone number.
Creating a KuCoin Account
Registering with KuCoin is similar to signing up on other major crypto exchanges like Binance and OKX. Here’s the step-by-step process:
After registration, you can go through identity verification to raise your withdrawal limits. This involves sharing your country, name, and some ID information, which KuCoin states are for security and transparency.
Privacy Concerns and Alternatives to Personal Phone Numbers
Sharing personal data for registration or verification can be a privacy concern. Although no user data was leaked, KuCoin’s 2020 hack—where $150 million was stolen—raised questions about data security and privacy.
A convenient solution is to use third-party information, such as a virtual number, instead of your personal phone number. Virtual numbers are an ideal choice for KuCoin verification, as they’re inexpensive, private, and don’t require a SIM card or eSIM setup. Below, we explain how to obtain a virtual number.
How to Register for KuCoin Without a Personal Phone Number
Using a service like SMSOTPVERIFY allows you to obtain a virtual number for SMS verification from over 180 countries. These numbers can be used to register for various platforms, including KuCoin, Binance, and Huobi.
Steps to Register on KuCoin Using a Virtual Number:
This approach lets you create a KuCoin account without sharing your personal phone number, ensuring greater privacy while still accessing all of KuCoin’s features.