does okx have kyc

Does OKX Have KYC?

Yes, OKX implements KYC (Know-Your-Customer) procedures to comply with regulatory requirements and prevent financial crime.

KYC Verification Process on OKX:

1. Personal Information: You will need to provide personal information such as your full name, address, nationality, and date of birth.
2. Identity Verification: Submit a valid government-issued ID card (e.g., passport, ID card, driver's license) for verification.
3. Proof of Residence: Provide a recent utility bill, bank statement, or official letter that proves your current residential address.
4. Face Recognition: OKX uses facial recognition technology to verify your identity during the process.
5. Additional Documents: In some cases, OKX may request additional documents to enhance verification.

Benefits of KYC:

• Enhanced security against unauthorized account access.
• Compliance with regulatory requirements and industry best practices.
• Ability to access a wider range of OKX products and services.
• Increased trust and credibility within the cryptocurrency community.

Withdrawal Limits:

• For non-verified accounts: Withdrawal limit of 5 BTC per day.
• For verified accounts: Withdrawal limit of 100 BTC per day.

KYC Exemption:

Residents of jurisdictions where KYC is prohibited by law are exempt from the KYC requirements. However, please note that you may be limited in accessing certain OKX services and features without KYC verification.

Conclusion:

Yes, OKX implements KYC procedures to comply with regulations and enhance security. By completing KYC verification, you can access a wider range of OKX services, increase your withdrawal limits, and contribute to the prevention of financial crime.