KuCoin has announced a major policy shift that will impact certain account holders — specifically those who have not completed KYC (Know Your Customer) or KYB (Know Your Business) verification.
Starting soon (July 15 2025), dormancy fees will apply to inactive non-KYC and non-KYB accounts, as part of KuCoin’s broader efforts to enhance platform security and protect user assets.
Which KuCoin Exchange Users Are Affected?
The new dormancy fees only apply to inactive accounts that have not completed KYC or KYB verification. If your account has already been verified, you are fully exempt from this policy.
However, for unverified users, particularly those who haven’t accessed their accounts for extended periods, this change introduces an immediate incentive to take action.
Important for Users in Restricted Locations
There’s a significant complication for users based in restricted jurisdictions, including the United States and mainland China. Due to regulatory limitations, KYC/KYB verification is not available to users in these regions.
As a result, KuCoin strongly recommends that affected users withdraw their assets as soon as possible and close their accounts to avoid being charged.
How to Avoid Dormancy Fees
KuCoin has outlined several clear steps users can take to avoid being affected:
- Complete KYC/KYB verification if you are eligible.
- Transfer assets to another KuCoin account that has completed verification.
- Withdraw funds to an external wallet or exchange if you are in a restricted region and unable to complete verification.
KuCoin has also confirmed that users will receive notifications prior to any deductions, providing a final opportunity to take action before fees are applied.
Why Is KuCoin Doing This?
KuCoin states that this new fee structure is intended to reduce the security risks posed by dormant, unverified accounts, particularly in light of growing regulatory pressure on centralized exchanges.
This announcement is part of a broader industry trend. Across the crypto landscape, exchanges are increasingly moving toward tighter KYC enforcement as regulators worldwide demand greater oversight of digital asset activity.
For many users, these developments highlight the importance of controlling where — and how — you store your assets.
Control Your Crypto
As regulatory scrutiny increases, holding your assets in a non-custodial wallet has never been more important. Exchanges can change policies overnight, but with self-custody, your crypto stays under your control.
Don’t wait until fees start eating into your holdings. Take action now to protect your assets and maintain your freedom in crypto.
Best Bitcoin Wallets
KuCoin’s move to start charging dormancy fees on accounts yet to complete KYC verification could force people to take a look at alternative platforms requiring no identity checks.
Best Wallet is a leading option in this regard, offering a secure, decentralized, and feature-packed ecosystem for Bitcoin traders who value their privacy above every other thing.
Unlike KuCoin and other centralized exchanges that mandate identity verification even before basic trading, Best Wallet makes it possible for users to buy, store, and trade Bitcoin alongside thousands of altcoins freely without submitting personal details.
Beyond its non-custodial, no-KYC approach, Best Wallet is also turning heads with its cutting-edge features, ranging from a staking aggregator, token launchpad, portfolio management, iGaming facility, multichain functionality, etc. It’s little wonder that many experts call it the best hub for all things crypto.
Adding a feather to its cap is Fireblocks, a security heavyweight integrated into the ecosystem to protect user funds from external attacks. More so, its two-factor authentication and regular safety communication further solidify its market position as one of the safest crypto wallets on the market.
Whether you are looking for a no-KYC way to manage your Bitcoin or simply for a launchpad that grants exclusive access to promising cryptocurrencies, Best Wallet covers all bases, making it a solid choice for all categories of investors.
Visit Best Wallet
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.