Platform for trading digital currencies KuCoin reported that users of the exchange will have to undergo the verification procedure.

KuCoin Will Enforce KYC For Users

See the official announcement here:

— KUCOIN (@kucoincom) 11 may 2018 R.

According to the trading platform, KYC-measures are introduced in order to KuCoin continued to remain “one of the most reliable and transparent” platform. The company believes that the introduction of mandatory verification will guarantee the conformity of the pad to rapidly changing requirements for kriptonyte.

For verification of users KuCoin you need to log in and go to the Account tab and then select the menu KYC Authentication.

Next, you will specify information about yourself, including your full name, residence address and upload the relevant documents.

In comments to the tweet KuCoin some social media users expressed the opinion that it is time to say goodbye to this site:

We had a great time, thanks and goodbye!

— cryp2night (@cryp2night) 11 may 2018 R.

Ok then bye bye now 👋🏻✌🏻

— Fabio Zito (@Fabio_Zito) 11 may 2018 R.

…and some expressed confidence that KuCoin will soon lose at least half their customer base:

Get ready to lose half of your users

— Kevin Peterson (@KevinPe15940933) 11 may 2018 R.

Recall that in late March KuCoin removed trade pairs with Bitcoin Cash.