KuCoin is restricted in the US, and other sanctioned countries for now. I think KuCoin messed up here and lost its’ US customers, so it will be hard for them to retain their customers count. So, we may see some downfall on its’ native token KCS and lately it has decreased down by 15% already and the much downside is yet to be seen, beside all crypto market pumping. Most people including me have used Kucoin just because it was KYC free and supported a lot of altcoins (around 700 approximately) and was ready to be used just with an email address, hence making it accessible from anywhere in the world. 

But things have changed lately, and KuCoin is not a viable option anymore. Personally, I don’t believe in KYC at all. I am more interested in DEXs and using strong layer-2 solutions developed and enhanced recently like Polygon and Arbitrum; so, these are the way for me to keep moving. 

Utilizing Perpetual DEXs

Afterall, we have a thing called Perpetual Decentralized exchanges, and it lets us trade cryptocurrency with leverages (although limited number of coins are supported) meanwhile, also helping us maintain the anonymity. So, the only solution I see is people should start collecting their Ethereum or any ERC20 Tokens from their centralized exchanges to a non-custodial wallet, either Ledger, Trezor or Metamask, bridge them to some viable layer-2 solutions or sidechains like Polygon and use it freely and trade it inside DEXs; meanwhile also enjoying the cost-effectiveness factor of them. 

You can bridge to Polygon from Ethereum mainnet for less than $1 using Umbria Network provided that the ethereum Gwei has fallen below 15 at that particular point of time. APEX Protocol currently supports leveraging of 30x at max; meanwhile GMX currently supports fewer coins but allows 50x leveraging on bitcoin, ethereum, chainlink and more. For someone who trades or believes in only major cryptos like bitcoin, ethereum, polygon, arbitrum, chainlink, atom and others should not even consider using centralized exchanges at all. 

You just have to be a little more conscious and aware while handling your non-custodial wallets like Metamask, and DEXs than using centralized exchanges. That’s all and it should keep you ready to go. If you need guidance, you can read my other post as well. Recently, I published a long article where I converted SPOT Token into a tradeable unit for APEX Exchange. 

Until the Ethereum continues to thrive for its’ scalability issues, Polygon is the way to go guys. But if you want, Arbitrum or Optimism is welcomed as well. If you want, there are still a few centralized exchanges that allow trading without KYC. Those alternatives are coinex, MEXC, bitget, LBank, bitrue and Phemex, so you can sign up and try each of them and use whichever you like. 

Note: Take a look for data on Polygon:-

Polygon Explorer: https://polygonscan.com 
L2fees: https://l2beat.info