No, CoinW doesn’t require KYC. CoinW is a no-KYC crypto exchange. You can trade, deposit, and withdraw on CoinW without personal identification.
While most features are accessible to everybody, some features are locked for unverified CoinW users. Read on to learn more.
Warning
While CoinW appears to be a legitimate crypto exchange, we recommend different exchanges such as BingX or Bitget. Also, we highly recommend storing your funds in your personal hardware wallet.
CoinW Withdrawal Limits
CoinW is a no-KYC crypto exchange with withdrawal limits based on your KYC level. A higher KYC level results in higher withdrawal limits.
CoinW has four verification levels. Unverified, C1 Basic Verification, C2 Primary Verification, and C3 Advanced Verification.
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 CoinW is calculated in BTC.
| KYC Level | 24h Withdrawal Limits |
|---|---|
| Unverified | 2 BTC |
| C1 Basic Verification | 5 BTC |
| C2 Primary Verification | 10 BTC |
| C3 Advanced Verification | 100 BTC |
Is CoinW Safe To Use Without KYC?
We consider CoinW to be a rather risky crypto exchange. CoinW was hacked and suffered a $13 million loss in a hot wallet exploit. We recommend different exchanges, such as BingX or Bitget.
You never keep your investments on a centralized exchange. Always withdraw your funds to your personal wallet when you are done with trading.
CoinW KYC Requirements
In order to verify your identity on CoinW, you must submit personal information, including government-issued documents.
See all required details below.
Level 1 KYC (C1 Basic Verification)
For the first KYC level on CoinW, you must submit personal information, including nationality or region, full name, ID type, ID number, and a photo of your document. The following documents are supported:
- Government-issued ID,
- Driver’s License, or
- Resident Permit ID
Level 2 KYC (C2 Primary Verification)
CoinW Level 2 KYC requires proof of address. For this, you can provide one of the following documents:
- Liveness check (selfie)
Level 3 KYC (C3 Advanced Verification)
CoinW Level 3 KYC requires proof of address. For this you can provide one of the following documents:
- Bank statement
- Utility bill
- Residence permit
FAQ
Does CoinW require KYC?
No, CoinW doesn’t require KYC verification. You can trade without the identification process on CoinW.
Is CoinW legit?
CoinW is a relatively unknown exchange, and we consider them to be rather risky. While CoinW appears to be a legitimate crypto exchange, we recommend different exchanges such as BingX, Bybit, or Bitget. Also, we highly recommend storing your funds in your personal hardware wallet.
Is CoinW safe?
No, CoinW is not a safe crypto exchange. The platform was hacked and lost $13 million.
Is CoinW available in the United States?
No, CoinW 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.
