No, Bitflex doesn’t require KYC. Bitflex is considered to be a no-KYC crypto exchange. You can trade, deposit, and withdraw on Bitflex without personal identification.
While most features are accessible to everybody, some features are locked for unverified Bitflex users. Read on to learn more.
Bitflex Withdrawal Limits
Bitflex is a no-KYC crypto exchange with withdrawal limits based on your KYC level. A higher KYC level results in higher withdrawal limits. Bitflex only has one KYC level.
Unfortunately, Bitflex has rather low withdrawal limits, even for verified users You can see the exact withdrawal limits in the table below. The limits reset every 24 hours, and there is no cumulative limit. The daily Withdrawal limit on Bitflex is calculated in USDT.
| KYC Level | 24h Withdrawal Limits |
|---|---|
| Unverified (KYC 0) | $10,000 |
| Primary KYC (1) | $50,000 |
Is Bitflex Safe To Use Without KYC?
We consider Bitflex to be a relatively secure crypto exchange. The platform has never been hacked and offers reliable trading service. Users can trade, deposit, and withdraw without having to undergo the KYC identification process.
One key downside of Bitflex is its low withdrawal limit for verified users.
However, we recommend you never keep your investments on a centralized exchange. Always withdraw your funds to your personal wallet when you are done with trading.
Bitflex KYC Requirements
In order to verify your identity on Bitflex, you must submit personal information, including government-issued documents. See all required details below:
Level 1 KYC (Primary KYC)
The requirements for the first KYC level are the following details:
- Personal information
- Name
- Date Of Birth
- Government-issued ID, Drivers License, or Resident Permit ID
- ID Number
- Liveness Check (Selfie)
For the liveness check, we recommend using your phone.
FAQ
Does Bitflex require KYC?
No, Bitflex doesn’t require KYC verification. You can trade without the identification process on Bitflex.
Is Bitflex legit?
Bitflex is one of the largest crypto exchanges, with over 10 million users. While Bitflex appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet.
Is Bitflex available in the United States?
No, Bitflex is not allowed in the United States at all. While you can still sign up and trade with a VPN, we advise against it as it could lead to your account being frozen.
