How to Withdraw Money From KuCoin  - Zengo (2024)

FAQs

Why is KuCoin not allowing me to withdraw? ›

The most common problems that can occur while withdrawing money from your KuCoin account are that you accidentally fill in the wrong receiving address, use the wrong blockchain network, or send the wrong cryptocurrency. Due to this, we always recommend double-checking inputs while conducting digital asset transactions.

Initiating a Withdrawal

Navigate to the "Withdrawal" section on the KuCoin platform, select your desired cryptocurrency (if you want to withdraw fiat currency, you'll need to sell your crypto holdings first), enter the withdrawal amount, and confirm your bank account details.

To withdraw from the Zengo wallet, simply open the app, click “Actions,” and then “Send.” Specify the crypto you wish to withdraw and the amount, enter the recipient's address, review everything, and confirm the transaction. You can also withdraw your crypto to fiat currency with Zengo.

Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges.

Withdrawing on the Web

Log into your KuCoin account. From the navigation bar, select Assets → Overview → Withdraw to enter the withdrawal page. 2. From there, select the cryptocurrency you wish to withdraw from the dropdown (Example: USDT).

KuCoin withdrawals typically process within 30 minutes, but larger amounts might require more time. It's vital to check token compatibility and transaction fees due to the cryptocurrency market's volatility.

Trading password is a six-digit password used for important operations, users can't make any trade/withdraw without trading password. (Please be noted that the trading password is not 2FA code).

You will always be able to send, receive, and securely store your cryptocurrency in Zengo free of charge, anywhere in the world, without limits.

How long does Zengo take? ›

How long does it take to buy crypto on Zengo? Buying Crypto on Zengo usually takes a few minutes. The exact time may vary based on network congestion, payment processing time, and exchange partner. Zengo will notify you once the transaction is complete and your Crypto will be available in your wallet.

As one of the best non-custodial wallets, Zengo offers full control of your crypto assets. This enables you to send, receive, and store crypto without relying on a third party. Zengo comes as a mobile app for iOS and Android.

While Zengo is well secured and is resilient against account takeovers and sim swaps (no seed phrases or passwords to lose or share), scammers can still : Lure new and unaware users into sending funds from their Zengo to another wallet that could not be reversible and lost forever.

We've partnered with Banxa and MoonPay to process credit cards, bank wires, Apple Pay, Google Pay (Mastercard only), and instant EU/GBP bank transfers.

Yes, you can! With Zengo, you can transfer your PYUSD tokens directly to their PYUSD wallet address.

Since KuCoin doesn't have a license to operate in the US, the KYC verification process is not available. This means that US users face restrictions on the platform, such as withdrawal limits and no access to deposit services.

Your crypto withdrawals may be temporarily restricted for a few different reasons: Sign-In From a New Device. Pending Bank Transfer (ACH) Pending Debit Card Transfer (24 hour hold)

Reasons for the transaction rejection may include: Your card issuer does not allow payments to crypto exchanges. Your card issuer does not support 3DS. You have entered the incorrect 3DS verification code.

Prosecutors in the U.S. Attorney's Office for the Southern District of New York alleged KuCoin intentionally failed to have an adequate anti-money-laundering program to prevent the exchange from being used for terrorist financing and other illicit finance activities.