Yes, Bitstamp requires full KYC verification. Bitstamp is a fully regulated and licensed crypto exchange located in the United States.
Without identity verification, you can not use Bitstamp services. If you want to trade, deposit, and withdraw on Bitstamp, you must verify your identity by providing personal information.
Bitstamp KYC Requirements
In order to verify your identity on Bitstamp, you must submit personal information, including government-issued documents.
There are two verification levels on Bitstamp: Level 1 verification and Level 2 verification, as stated on Bitstamps official website.
Level 1 Verification
The requirements for the first KYC level are as follows:
- Phone number
- Address
- Nationality
- SSN (for US citizens)
Level 2 Verification
The second KYC level requires all details from the first verification with additional details as follows:
- ID Photo
- Liveness check (Facial recognition)
- Nationality
- Additional Questions
Bitstamp Withdrawal Limits
The daily withdrawal limits on Bitstamp vary based on your identification level. Refer to the table below for further information. The limits apply for a 24-hour duration.
| KYC Level | Daily Withdrawal Limits |
|---|---|
| Unverified | $0 |
| Level 1 KYC | $50,000 |
| Level 2 KYC | $250,000 |
FAQ
Does Bitstamp require KYC?
Yes, Bitstamp requires KYC verification. That means you must go through the identification process; otherwise, you can not use Bitstamp products and services.
How long does Bitstamp Verification take?
The Bitstamp verification process usually takes 30 minutes. However, in some cases, Bitstamps’ KYC identification may take up to 5 days.
Is Bitstamp legitimate?
Bitstamp is a popular crypto exchange, with over 4 million users. What we love about Bitstamp is its strong regulatory standing all around the world, including the USA.
While Bitstamp appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet. Not your keys, not your cryptos.
Is Bitstamp available in the United States?
Yes, Bitstamp is available in the United States.
