Yes, OKX requires full KYC (Know Your Customer) verification. Without completing this identity verification process, you cannot use OKX's services. To trade, deposit, and withdraw funds on the platform, you must verify your identity by providing the necessary personal information.
Understanding the OKX KYC Requirements
To verify your identity on OKX, you need to submit personal information. This includes government-issued identification documents and proof of residence.
OKX simplifies the process by offering a single verification level. This streamlined approach makes identity verification straightforward and efficient for users.
What You Need for Level 1 Verification
The requirements for the first and only verification level on OKX are:
- Personal Information: Your full name, date of birth, and residential address.
- Official Identification Document: A valid passport, national ID card, or driver's license.
- Facial Recognition: A real-time selfie to match your identity document.
- Proof of Address: A recent utility bill or bank statement, no older than three months.
OKX Withdrawal Limits
Your daily withdrawal limits on OKX are directly tied to your verification status. Unverified accounts cannot withdraw any funds. Once you complete the Level 1 KYC process, your daily cryptocurrency withdrawal limit is significantly increased. These limits apply over a 24-hour rolling period.
| Verification Level | Cryptocurrency Withdrawal Limit |
|---|---|
| Unverified | $0 |
| Level 1 KYC | $10,000,000 |
Completing your verification is essential for accessing the full functionality of the exchange. 👉 Complete your identity verification to unlock higher limits
Why Exchanges Like OKX Implement KYC
KYC procedures are a standard requirement for regulated cryptocurrency exchanges globally. These measures are not unique to OKX and serve several critical purposes:
- Enhanced Security: Protects your account from unauthorized access and fraudulent activities.
- Regulatory Compliance: Helps the platform adhere to international anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
- User Protection: Creates a more secure trading environment for all users by preventing bad actors from using the platform.
Frequently Asked Questions
Does OKX require KYC?
Yes, OKX requires KYC verification. You must successfully complete the identity verification process to use OKX's trading, deposit, and withdrawal services. An unverified account has severely restricted functionality.
What documents do I need for OKX KYC?
You will need a government-issued ID (such as a passport or driver's license) and a recent proof of address document (like a utility bill or bank statement no older than three months). You will also need to complete a facial recognition step.
How long does the OKX verification process take?
The verification process is typically automated and can be completed in a matter of minutes. In some cases, if manual review is required, it may take a few hours to up to one business day.
Is OKX available in the United States?
No, OKX does not currently offer its services to residents of the United States due to the specific regulatory environment. Users from the U.S. are restricted from accessing the platform's services.
Is my personal information safe with OKX?
Reputable exchanges like OKX invest heavily in security infrastructure to protect user data. This includes encryption and secure storage practices. However, it is always important to practice good personal security hygiene. 👉 Learn more about securing your digital assets
What happens if I don't complete KYC on OKX?
Without completing KYC, your account will remain unverified. This means you will be unable to withdraw any funds and will have extremely limited access to the platform's core trading and financial services.