At BitradeX Exchange, identity verification (KYC) is not only a necessary measure to ensure user account security and compliant operations, but also a prerequisite for enjoying higher withdrawal limits and certain services. This article will provide you with a detailed introduction to the significance of KYC, the application process, and the withdrawal limits corresponding to each verification level, helping you complete identity verification smoothly.
1. What is KYC (Identity Verification)?
KYC (Know Your Customer) is a globally recognized identity verification mechanism in the financial industry. BitradeX verifies users’ identities through the KYC process to effectively prevent risks such as fraud and money laundering, ensuring the security of both the platform and users' funds.
2. Why is Identity Verification Necessary?
- Enhance account security: Prevent unauthorized use of your account and protect your funds.
- Meet compliance requirements: Comply with relevant global regulations and ensure the platform operates in accordance with the law.
- Increase withdrawal limits: Different verification levels correspond to different daily withdrawal limits.
- Access specific services: To apply for specific services such as the BTX Card, identity verification must be completed.
3. The Relationship Between Platform Services and KYC
- Unverified users
Can use most platform functions (such as deposits, trading, etc.), but daily withdrawal limits are restricted, and they cannot apply for specific services such as the BTX Card. - Users who have completed KYC
Can enjoy higher daily withdrawal limits and apply for advanced services such as the BTX Card.
4. How to Complete Identity Verification?
Please follow the steps below to complete identity verification on BitradeX:
- Log in to your BitradeX account.
- Go to [Account] > [Identity Verification].
- Fill in your personal information as prompted and upload the following three photos:
- Front of your ID document
- Back of your ID document
- A selfie holding your ID document
- Submit for review and patiently wait for the system feedback.
It is recommended to prepare valid identification documents (such as ID card, passport, etc.) and related materials in advance. If you need to increase your withdrawal limit, you may complete higher-level verification as required.
5. Explanation of Verification Levels and Withdrawal Limits
At BitradeX, different identity verification levels only affect the daily withdrawal limit; most other platform services remain available. The details are as follows:
| Verification Level | Daily Withdrawal Limit |
|---|---|
| Unverified User | 100,000 USDT |
| Basic Verified User | 500,000 USDT |
| Advanced Verified User | 2,000,000 USDT |
6. Frequently Asked Questions
1. How long does the verification review take?
Usually, the review will be completed within 1-2 working days. In special cases, there may be slight delays, so please wait patiently.
2. What should I do if verification fails?
Please supplement or correct the relevant information as prompted by the platform and resubmit your documents. If you have any questions, you can contact the BitradeX customer service team at any time for assistance.
3. How to modify bound phone number, email, and Google Authenticator? You need to complete BitadeX KYC first, then contact online customer service by typing "Transfer to human agent" to verify your identity and reset bindings through human customer service.
By following the above process, you can successfully complete BitradeX identity verification and enjoy higher withdrawal limits and more platform services.
If you have any further questions, please feel free to contact the BitradeX customer service team!