how bitmex verification works

BitMEX's multi-level verification process ensures regulatory compliance, enhances security, and grants access to increased withdrawal limits and advanced trading features.

Nov 04, 2024 at 07:28 am

How BitMEX Verification Works

1. Create an Account:

Visit the BitMEX website and click "Sign Up." Enter your email address, create a password, and accept the terms of service.

2. Complete Level 1 Verification:

This involves providing your name, date of birth, country of residence, and phone number. You will need to verify your email address by clicking on a link provided in an email sent to you.

3. Level 2 Verification (Optional):

To increase withdrawal limits and access certain features, you can complete Level 2 verification. This requires submitting proof of identity, such as a passport, national ID card, or driver's license, and a proof of address, such as a utility bill or bank statement.

4. Enhancements:

BitMEX offers optional enhancements to your verification, which can further increase withdrawal limits and provide additional security. These include providing a physical copy of your ID and address proof by mail or submitting a selfie video.

5. Verification Process:

The BitMEX verification team manually reviews and verifies all submitted documents. The verification process can take several days or longer, depending on the volume of applications.

6. Results:

Once your documents are verified, you will receive an email notification. Your account status will be updated, and you will be able to access the desired features based on the level of verification completed.

Benefits of Verification:

• Increased withdrawal limits: Level 2 verification allows for higher withdrawal limits than Level 1.
• Enhanced security: Enhancements provide additional protection against unauthorized account access.
• Access to certain features: Level 2 verification is required to access certain trading and account management features.
• Regulatory compliance: BitMEX is compliant with anti-money laundering (AML) and know-your-customer (KYC) regulations, and account verification is part of this compliance.

Note:

It is important to provide accurate and verifiable information during the verification process. False or misleading information may delay or invalidate the verification process.