does bitmex require kyc

BitMEX requires all new traders to complete Know-Your-Customer (KYC) verification to ensure identity, prevent fraud, and enhance security.

Oct 26, 2024 at 11:53 am

Does BitMEX Require KYC?

Yes, BitMEX requires Know-Your-Customer (KYC) verification for all new users. This process involves providing your personal information, such as your name, address, and date of birth, as well as a government-issued ID.

Steps for KYC Verification:

1. Create a BitMEX account.
2. Click on the "Verify Your Account" button on the dashboard.
3. Select your country of residence and provide your personal information.
4. Upload a copy of your government-issued ID.
5. Take a selfie of yourself holding your ID.
6. Submit your KYC application for review.

Benefits of KYC Verification:

• Increased security: KYC verification helps to prevent fraud and money laundering by verifying the identities of users.
• Compliance with regulations: BitMEX is subject to regulations in various jurisdictions that require KYC verification.
• Access to premium features: Some features and trading options on BitMEX may only be available to verified users.

Note:

• KYC verification is a one-time process. Once your account is verified, you will not be required to submit the same documents again.
• BitMEX reserves the right to request additional information or documents from users as part of the KYC process.
• Failure to complete KYC verification may result in account suspension or termination.