Cryptocurrency Q&A What are the 3 tiers of KYC?

What are the 3 tiers of KYC?

DaeguDivaDance DaeguDivaDance Sat Oct 19 2024 | 6 answers 1800
I'm trying to understand the different levels or tiers of KYC, which stands for Know Your Customer. I want to know what the three main tiers are that are typically used in this process. What are the 3 tiers of KYC?

6 answers

Federico Federico Sun Oct 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services catering to diverse trading needs. Its platform encompasses spot trading, enabling users to buy and sell cryptocurrencies at current market prices.

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KatanaSwordsmanship KatanaSwordsmanship Sun Oct 20 2024
Moving up the ladder, Tier 2 accounts increase the daily transaction limit to N200,000, while also raising the maximum balance that can be held to N500,000. This tier is ideal for traders who are looking to expand their operations without compromising on security.

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Michele Michele Sun Oct 20 2024
For those looking to manage their investments more efficiently, BTCC also provides futures trading, allowing traders to speculate on the future price movements of cryptocurrencies. This feature offers the potential for higher returns but also carries inherent risks.

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StormGlider StormGlider Sun Oct 20 2024
For experienced traders seeking the utmost flexibility and potential rewards, Tier 3 accounts represent the pinnacle of BTCC's offerings. These accounts come with the highest transaction limits and balance capacities, allowing traders to navigate the cryptocurrency markets with ease and confidence.

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EnchantedSeeker EnchantedSeeker Sun Oct 20 2024
In addition to trading services, BTCC boasts a secure wallet system, ensuring that users' digital assets are safely stored and accessible anytime, anywhere. The wallet is designed with robust security measures to protect against unauthorized access and theft.

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