Binance exchange has taken the possibility of buying and selling digital currency from Iranian users using VPS. Before the new rules of Binance, traders could easily buy and sell on this exchange without authentication. But after the new rules, this feature was taken away from Iranian users and Iranian traders could no longer trade in this exchange. Therefore, the Binance exchange is no longer suitable for Iranian users. For this reason, Iranian users went to another exchange called Kocoin, which is the most popular exchange among Iranians after Binance. Buying and selling digital currencies in this exchange is done without authentication, but it has some limitations. On the other hand, some people enter their user account after a long time, these people must do authentication. Therefore, in this article, we are going to teach authentication in Kokoin .
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Kocoin is the most popular digital currency exchange among Iranians after Binance. This exchange gives Iranian users the ability to buy and sell their desired digital currencies without authentication. But there is a limit for people who have not yet completed their authentication. This group of people must authenticate themselves in order to be able to purchase digital currencies with higher amounts and volumes. Also note that if you have a user account in a certain exchange and you have not used it for a long time, you must authenticate in it to use it again. Kokoin exchange is no exception to this rule, and users whose accounts have been inactive for a long time must perform authentication. In the next part of the article, we are going to introduce you to the authentication training in Kocoin exchange.
Pay attention to the fact that the digital currency market is a very difficult and complex market. Therefore, it is better to view Famurian’s digital currency training course to earn more and easier dollars. Because it includes topics and sections that are suitable for beginners and professional traders. Kocoin exchange was established in 2017 like Binance exchange and has been able to attract the attention of many people. It is possible to use this exchange on 3 platforms: Windows, Android and IOS, and you can also use its flat web version. To learn more about Kocoin exchange and how to trade in it, read the article about trading in Kocoin.
Authentication training in Kokoin
To authenticate in the Kucoin exchange, you must first log in to your account. After logging into your account, click on the icon that will take you to your account management section. After entering this section, click on the KYC Verification option to enter the Kokoin authentication section. Then, on the page that appears, click on the Start Verification option to start your authentication.
Read more: Trading strategy
The second step of authentication training in Kokoin
After you enter the authentication section, a page similar to the image below will be displayed to you. Enter the requested information according to the personal information you received so that you do not have any problems in continuing the work. After entering the information correctly, click on the Submit option to complete the initial authentication process in Kokoin. Usually, after a few days, if there are no problems with your documents, your authentication will be completed. But pay attention to the fact that the authentication in Kocoin exchange is multi-step like other digital currency exchanges.
In this way, you will be able to buy and sell digital currencies in higher volumes upon completion of the first stage. Also, if you pass your authentication to the second stage or KYC2, you can buy and sell a higher volume of digital assets.
Read more: Complete training of Kocoin exchange
The third step of authentication training in Kokoin
After you have successfully completed the second step of authentication training in Kokoin; You can increase your trading volume. For this, it is enough to log in to your account and refer to the KYC Verification section. In this case, if you have correctly completed the previous step of authentication in Kokoin, you will see the following image. After viewing the image below, click on the Continue To Get More Benefits option to enter the next step of authentication. In the next step, you must send a photo of your identity to this exchange, just note that the format of the images must be PNG or JPEG.
Then presenting one of the identification documents such as certificate, passport or ID card is sufficient. Your identity information must match the documents you send, otherwise it will not be approved. Note that the quality of the photos you send is good and legible. After completing these steps, click on the confirmation button to complete your authentication.
Documents required by Iranians for identity verification in Kocoin exchange
Kocoin exchange, like other exchanges, does not allow Iranian users to operate. Therefore, they cannot operate through Iran’s IP in Kocoin exchange. In the past, Iranians were also allowed to buy and sell in this exchange, just like other people on the planet; But today this feature has been removed and Iranian traders cannot operate in this exchange. From now on, to trade in Kocoin exchange, authentication is required, and Iranians are not able to do this. Therefore, it is better to look for alternative exchanges for trading. However, people can transfer their assets to another exchange by filing a ticket with the Kocoin exchange support team. Currently, the exchange used by Iranians, which has been proposed as the best alternative to Kocoin, is the bingX exchange.
Kocoin exchange is currently the most popular digital currency exchange among Iranian traders. Traders in this exchange can buy and sell digital currencies without the need for authentication. But some traders refer to this exchange after a long time and intend to buy and sell in this exchange. These people are not allowed to buy and sell because their account has been inactive for a long time. Therefore, they have to go through authentication procedures in this exchange so that they can buy and sell again in this exchange. In this article, we tried to familiarize you with authentication training in Kokoin so that you don’t have problems in returning your user account. Also, one of the points that every trader should pay attention to is to read digital currency training in order to easily trade in this exchange and any other exchange.
Frequently Asked Questions
How can users living in Iran use Kocoin exchange?
Iranians can no longer use this exchange; Because this exchange also blocks the account of Iranian users like Binance. Iranians living abroad can use this exchange if they have identity documents from other countries.
Is it possible to verify the Kocoin exchange account for Iranians?
No; Because Iran is one of the sanctioned countries of this exchange and Iranians cannot verify or validate their accounts in this exchange.