No, BYDFi doesn’t require KYC. BYDFi is considered to be a no-KYC crypto exchange. You can trade, deposit, and withdraw on BYDFi without personal identification.
While most features are accessible to everybody, some features are locked for unverified BYDFi users. Read on to learn more.
BYDFi Withdrawal Limits
BYDFi is a no-KYC crypto exchange with withdrawal limits based on your KYC level. A higher KYC level results in higher withdrawal limits.
There are two KYC levels on BYDFi. Unverified and verified.
You can see the exact withdrawal limits in the table below. The limits reset every 24 hours, and there is no cumulative limit.
| KYC Level | 24h Withdrawal Limits |
|---|---|
| Unverified (KYC 0) | 1 BTC |
| Identity Document (KYC 1) | 1.5 BTC |
Is BYDFi Safe To Use Without KYC?
We consider BYDFi to be a relatively secure crypto exchange. The platform has never been hacked, offers generous daily withdrawal limits, and offers reliable service. Users can trade, deposit, and withdraw without having to undergo the KYC identification process.
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.
BYDFi KYC Requirements
In order to verify your identity on BYDFi, you must submit personal information, including government-issued documents. See all required details below:
Basic Verification (KYC 1)
The requirements for the first KYC level are the following details:
- Personal information
- Government-issued ID, Drivers License, or Resident Permit ID
- Facial Recognition (Selfie)
FAQ
Does BYDFi require KYC?
No, BYDFi doesn’t require KYC verification. You can trade without the identification process on BYDFi.
Is BYDFi legit?
BYDFi is a popular crypto exchange with over 5 million users. While BYDFi appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet.
Is BYDFi available in the United States?
Yes, BYDFi is allowed in the United States. US citizens can register, deposit, trade, and withdraw on BYDFi. They can also verify their identity.
