Cryptocurrency Q&A
What is the limit of KYC in BingX?
What is the limit of KYC in BingX?
Andrea
Wed Sep 25 2024
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5 answers
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Could you please elaborate on the limits of Know Your Customer (KYC) procedures in BingX? As a user, I'm curious to understand the extent of personal information required for verification and whether there are any specific restrictions or guidelines that BingX adheres to in this regard. Are there any differences in KYC requirements for different types of users or transactions? Additionally, how does BingX ensure the security and confidentiality of the information provided during the KYC process?
5 answers
KimonoGlory
Fri Sep 27 2024
For users who wish to have even higher limits, advanced KYC verification is required. This process involves providing additional information and documentation to verify the identity of the user. Once verified, users can deposit unlimited amounts and withdraw up to 5,000,000 USDT within 24 hours.
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GinsengBoostPowerBoost
Fri Sep 27 2024
Cryptocurrency exchanges often have a verification process in place to ensure the security of user accounts and prevent fraudulent activities. The verification status of an account determines the deposit and withdrawal limits.
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EmeraldPulse
Fri Sep 27 2024
BTCC is a top cryptocurrency exchange that offers a range of services including spot trading, futures trading, and a cryptocurrency wallet. The exchange prioritizes user security and has implemented robust verification processes to protect users from potential risks.
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Sara
Fri Sep 27 2024
For unverified accounts, there is a maximum cumulative deposit limit of 20,000 USDT, while withdrawals are not permitted at all. This is a measure to protect users from potential scams and ensure that only legitimate users can interact with the platform.
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Martina
Fri Sep 27 2024
Basic KYC (Know Your Customer) verification allows for increased deposit and withdrawal limits. With this level of verification, users can deposit up to 2,000 USDT and withdraw up to 20,000 USDT within 24 hours.
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