does huobi need kyc

To enhance account security and access higher transaction limits on Huobi Global Exchange, completing Know Your Customer (KYC) verification is necessary for certain transactions, including substantial withdrawals and the trading of specific coins.

Oct 28, 2024 at 03:16 pm

Do I Need KYC for Huobi?

Step 1: Understanding KYC

Know Your Customer (KYC) is a protocol implemented by financial institutions to verify the identity of their customers. This helps prevent fraud, money laundering, and terrorist financing.

Step 2: Huobi's KYC Policy

Huobi requires KYC verification for certain transactions, including:

• Withdrawals exceeding a certain amount
• Trading of certain coins
• Participation in Huobi Global Exchange (formerly Huobi Pro)

Step 3: KYC Verification Process for Huobi

To complete KYC for Huobi:

1. Log in to your Huobi account.
2. Go to the "Account" tab.
3. Select "KYC Verification".

4. Follow the on-screen instructions to provide your personal information, including:

   • Full name
   • Date of birth
   • Address
   • ID document (e.g., passport or ID card)
   • Selfie with ID document
5. Submit the verification request.

Step 4: KYC Verification Timeline

Huobi typically processes KYC verification within 2-3 business days. However, during peak times, it may take longer.

Step 5: Benefits of Completing KYC for Huobi

Completing KYC for Huobi offers several benefits:

• Increased account security
• Higher transaction limits
• Access to exclusive features and discounts

Note: Huobi also offers a Simplified Verification process that requires less personal information. However, this limits your withdrawal limit to a lower amount.