Does Bitget Require KYC and What Are the Limits

Bitget, a popular cryptocurrency exchange, has a mandatory Know Your Customer (KYC) process in place to ensure user safety and security.

The KYC process on Bitget involves verifying your identity through a government-issued ID, a selfie, and a live video call with a Bitget representative.

As for the limits, Bitget has a daily withdrawal limit of 2 BTC for unverified users, while verified users have a higher limit of 100 BTC per day.

However, these limits may vary depending on the user's account type and level of verification.

Bitget employs a well-rounded robust security strategy including Proof of Reserves, Protection Fund, and cold storage in addition to KYC.

Bitget's dual-level KYC system is a significant step in providing a secure and regulated trading environment for its users worldwide.

The compliance team will use KYC information to identify customers and analyze risk profiles, as KYC procedures help prevent money laundering and financing of illegal activities per global and regional financial regulations.

Bitget will employ Level 1 and Level 2 KYC verifications, granting access to a range of services including earning, spot trading, copy trading, and launchpad.

Users who registered prior to September 1, failing to undergo the verification process before December, will mean restricted access limited to withdrawals, cancel orders, redeem subscriptions, and closing positions.

Bitget is rewarding its users for feedback on their identity verification experience, recognizing the importance of user cooperation in this security initiative.

Bitget's balanced approach to security includes a Protection Fund, which provides an added layer of security for users' assets.

The platform has licensed the latest HTTPS certification version provided by Cloudflare, and has 12 A+ ratings from SSL Labs.

Bitget's commitment to security and compliance has earned it a reputation as a trusted and reliable cryptocurrency exchange.

Bitget now requires all new users to complete Level 1 KYC verification upon registration to access its services.

Starting September 1, 2023, new users must undergo Level 1 KYC verification to access Bitget's services, including earning, spot trading, copy trading, and launchpad.

Existing users who registered prior to September 1, 2023, have until December 15, 2023, to complete Level 1 KYC verification, or they will be restricted from creating new trading orders.

Users who fail to complete Level 1 KYC verification by December 15, 2023, will only be able to withdraw, cancel orders, redeem subscriptions, and close positions.

Bitget will employ Level 1 and Level 2 KYC verifications, granting access to a range of services including earning, spot trading, copy trading, and launchpad.

Bitget has a grace period for existing users until December 15, 2023, to complete Level 1 KYC verification, after which they will be restricted from creating new trading orders.

Existing users must complete Level 1 KYC verification by October 1, 2023, or they will be restricted from creating new trading orders.

Bitget has a robust security strategy, including Proof of Reserves, Protection Fund, and cold storage, in addition to Know Your Customer (KYC) verification.

The platform employs Level 1 and Level 2 KYC verifications, granting access to a range of services including earning, spot trading, copy trading, and launchpad. For users who registered prior to September 1, failing to undergo the verification process before December will mean restricted access limited to withdrawals, cancel orders, redeem subscriptions, and closing positions.

Bitget has never been hacked since its founding in 2018, and it has a high-grade HTTPS certification version provided by Cloudflare. It is regulated by FinCEN and has 12 A+ ratings from SSL Labs.

Here are the withdrawal limits for unverified users on Bitget:

Bitget has a robust security strategy in place, including Proof of Reserves, Protection Fund, and cold storage, in addition to KYC.

The platform is regulated by high-grade authorities and has never been hacked since its founding in 2018.

Bitget has a well-rounded approach to security with its dual-level KYC system, which helps prevent money laundering and financing of illegal activities.

It has a strong compliance team that uses KYC information to identify customers and analyze risk profiles.

All new users are required to complete Level 1 KYC verification to access Bitget services, including deposit and trading digital assets.

Existing users must complete Level 1 verification by October 1, 2023, or they will only be able to withdraw, cancel orders, redeem subscriptions, and close positions.

Bitget has a HTTPS certification version provided by Cloudflare and has 12 A+ ratings from SSL Labs, making it a safe platform to use.

The platform has licensed the latest HTTPS certification version provided by Cloudflare and has 12 A+ ratings from SSL Labs.

Bitget doesn't support certain locations like China, Hong Kong, North Korea, Singapore, and Macau, so users from these countries should practice proper security measures.

Users can complete Level 2 verification by providing residential address details and uploading a picture for proof.

The platform has a user-friendly ID verification process that can be completed in a few steps.

Withdrawal Limits are in place to prevent unverified users from taking advantage of trading profits. The initial daily withdrawal limit for unverified users was lower, but it was increased to $50,000 USD in 2023.

If you haven't completed KYC on Bitget, you can only withdraw a limited amount of assets. This is to prevent unverified users from withdrawing large amounts of money.

You can withdraw up to $50,000 USD per month without KYC, but only cryptos, not FIAT. However, if you have a Level 1 verified account, you can withdraw up to $3,000,000 daily in cryptos and $50,000 in FIAT.

The withdrawal limit increases with verification level. With Level 2 verification, you can withdraw up to $2,000,000 USD daily in FIAT, but the crypto withdrawal limit remains the same.