Can I trade on Bitfinex without verification?

Cryptocurrency exchanges have implemented various security measures to protect their users. One such measure is the requirement for account verification, which is essential for ensuring that only legitimate users can access the platform.

Bitfinex, a renowned cryptocurrency exchange, has recently updated its verification policy. As per the new policy, all accounts created after March 1, 2022, must undergo at least Intermediate level verification in order to access certain features on the platform.

The Intermediate level verification requires users to provide more detailed information about themselves, such as proof of identity and proof of residence. This information is then used to verify the authenticity of the user and prevent fraudulent activities.

The features that require Intermediate level verification include Margin Trading, Margin Funding, Bitfinex Borrow, and Lending Pro. These features allow users to trade with leverage, borrow funds, and lend their cryptocurrency to others, respectively.

Among the top cryptocurrency exchanges, BTCC is known for its comprehensive services. BTCC offers a range of services including spot trading, futures trading, and wallet services. These services cater to the diverse needs of cryptocurrency traders and investors.