BingX provides a secure, transparent and compliant trading environment through implementing KYC (Know Your Customer) verification. We offer tiered KYC verification system with Basic and Advanced levels, each providing different benefits.
Note: BingX will update its KYC rules from 2024-06-13 onwards. The new benefits will be gradually implemented by region, with specific details displayed on the product page.
1) Benefits by KYC Level
Users who complete higher-level KYC verification can enjoy higher deposit and withdrawal limits, providing greater flexibility in managing funds and responding to market dynamics. Here are the differences between the various levels of identity verification:
|
Verification Status
|
Accumulate Deposit | Trading | 24h Max. Withdrawal | Fiat Currency | Launchpad |
| Unverified | ❌ | ❌ | 20,000 USDT | ❌ | ❌ |
| Basic KYC | 5,000 USDT | Trading allowed when your total deposits are within 5,000 USDT | 20,000 USDT | ❌ | ❌ |
| Advanced KYC | Unlimited | ✅ | 5,000,000 USDT | ✅ | ✅ |
Please Note:
- Users who completed KYC verification before 2024-06-13 will have Advanced KYC verification.
- Users who are not verified before 2024-06-13 will have their 24-hour withdrawal limit remain at 50,000 USDT.
- Users who are not verified before 2024-06-13 can still withdraw funds, close existing positions and sell Spot assets.
- Benefits may vary by region. Please refer to the product page for specific details.
- All token max. withdrawals are based on their USDT equivalent.
- The 24-hour maximum withdrawal is the total amount you can withdraw within 24 hours from your last withdrawal.
2) Advantages of KYC Verification
1. Safeguard Account and Asset Security
KYC verification ensures that only verified users are allowed to trade, which significantly reduces the risk of fraud and illegal activities.
We strictly protect personal data and privacy to safeguard the security of your account and assets. If your account is loss or stolen, your verified KYC information will help us quickly restore your account and increase the chances of recovering your assets.
KYC verification also makes sure that BingX operates in compliance with financial regulations, offering robust legal protection, reducing fake accounts, and creating a safe, transparent, and reliable trading environment for you.
2. Experience Complete Services
After completing KYC verification, you will gain access to additional features and a full suite of services on BingX, which includes:
- Full Trading Experience: Advanced KYC users can fully access all BingX products like P2P Trading. Basic KYC users are currently unable to use P2P Trading. Verify now >>
- Join Exclusive Events: Complete Advanced KYC verification to join BingX exclusive events for special airdrops and hefty rewards. Join events >>
- Quick Buy: Deposit or withdraw cryptocurrencies quickly, providing better flexibility in fund management and seizing potential profit opportunities. Quick Buy >>
- Wealth: Advanced KYC users can subscribe to BingX Wealth products and take advantage of cryptocurrency investment opportunities. Hot Wealth products >>
Completing KYC verification is a crucial step on BingX that not only ensures your fund security but also unlocks more trading opportunities and premium services. Verify now to enjoy all the services BingX has to offer!
For more information about KYC, please refer to:
How to Complete KYC or Identity Verification
FAQs on Individual Identity Verification (KYC)
Common Reasons for Identity Verification (KYC) Failure and How to Fix Them