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
 Daily Deposit Limit Monthly Deposit Limit 24h Max. Withdrawal P2P Launchpad
Unverified ❌ ❌ 20,000 USDT ❌ ❌
Basic KYC 5,000 USDT 50,000 USDT 20,000 USDT ❌ ❌
Advanced KYC Unlimited Unlimited 5,000,000 USDT ✅ ✅

Notes:

  • Your deposit will not be credited if you exceed your daily or monthly deposit limit. You can either complete Advanced KYC verification to remove the limit and complete the deposit, or choose to refund it via the orignal method. Click to learn more: Solutions for Exceeding Deposit Limits
  • Users who completed KYC verification before 2024-06-13 will have Advanced KYC verification.
  • Benefits may vary by region. Please refer to the product page for specific details.
  • All token's maximum 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

 

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Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and has strictly abided by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.
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