What materials are required for Bitfinex's KYC verification?

To complete Bitfinex's KYC, submit personal info, ID (passport, etc.), proof of address, a selfie with ID, and a source of funds declaration; review and submit via the platform.

Apr 23, 2025 at 04:21 pm

To complete Bitfinex's Know Your Customer (KYC) verification process, users need to gather and submit various documents and information. This process is essential for ensuring compliance with regulatory requirements and to enhance security on the platform. Below, we outline the specific materials required and the steps to follow to successfully complete the KYC verification on Bitfinex.

Personal Information

The first step in the KYC process on Bitfinex involves providing basic personal information. This includes your full name, date of birth, and residential address. Accurate and up-to-date information is crucial, as any discrepancies can lead to delays in the verification process. When filling out this information, ensure that it matches the details on your official documents to avoid any issues.

Identity Verification Documents

For identity verification, Bitfinex requires users to submit a valid government-issued photo ID. Acceptable documents include a passport, national ID card, or driver's license. The document must be clear and legible, showing your full name, date of birth, and a recognizable photo. It's essential to ensure that the photo ID is not expired, as Bitfinex will not accept expired documents for verification.

When preparing your identity document, make sure to scan or take a high-quality photo that captures all the necessary details. The document should be in color and the entire document, including all edges, should be visible. If the document has a back side with additional information, such as a signature or additional security features, you may need to submit a photo of both sides.

Proof of Address

In addition to identity verification, Bitfinex requires a proof of address to confirm your residential address. Acceptable documents include a utility bill, bank statement, or government-issued letter that is not older than three months. The document must clearly display your name and address, and it should match the information provided in the personal information section.

When preparing your proof of address, ensure that the document is recent and includes all required information. The document should be in color and clearly legible. If the document is a bank statement, ensure that sensitive information, such as account numbers, is obscured to protect your privacy.

Selfie with Identity Document

To further verify your identity, Bitfinex requires a selfie with your identity document. Take a clear photo of yourself holding your identity document next to your face. The selfie should be well-lit, and your face should be clearly visible. The identity document should also be fully visible and legible in the photo.

When taking the selfie, make sure that the photo is not blurry and that there are no obstructions or shadows covering your face or the identity document. The selfie should be a recent photo taken specifically for the KYC process.

Source of Funds Declaration

As part of the KYC process, Bitfinex may require a source of funds declaration. This involves providing information about the origin of the funds you plan to deposit into your Bitfinex account. You may need to explain your occupation, income sources, and any other relevant financial information.

When filling out the source of funds declaration, be as detailed and accurate as possible. Providing clear and comprehensive information can help expedite the verification process. If you have multiple income sources, be sure to list them all and provide any supporting documentation if requested.

Steps to Submit KYC Documents on Bitfinex

Once you have gathered all the necessary documents and information, follow these steps to submit your KYC documents on Bitfinex:

• Log into your Bitfinex account and navigate to the verification section.
• Select the KYC verification option and follow the prompts to enter your personal information.
• Upload your identity document by selecting the appropriate file from your device. Ensure that the file meets the requirements mentioned earlier.
• Upload your proof of address by selecting the appropriate file from your device. Again, ensure that the file meets the requirements mentioned earlier.
• Take and upload the selfie with your identity document following the guidelines provided.
• Complete the source of funds declaration by entering the required information and uploading any supporting documents if necessary.
• Review all the information and documents you have submitted to ensure everything is accurate and complete.
• Submit your KYC application and wait for Bitfinex to review and process your verification.

Frequently Asked Questions

Q: How long does the KYC verification process take on Bitfinex?

A: The duration of the KYC verification process can vary depending on the volume of applications and the completeness of the submitted documents. Typically, it can take anywhere from a few days to a couple of weeks for Bitfinex to review and approve your verification.

Q: What should I do if my KYC application is rejected?

A: If your KYC application is rejected, Bitfinex will provide a reason for the rejection. Review the feedback carefully and address any issues mentioned, such as missing or unclear documents. You can then resubmit your application with the corrected documents.

Q: Can I use a P.O. Box as my proof of address?

A: No, Bitfinex does not accept P.O. Boxes as proof of address. You must provide a document that shows your residential address, such as a utility bill or bank statement.

Q: Is there a fee for the KYC verification process on Bitfinex?

A: No, Bitfinex does not charge a fee for the KYC verification process. However, you may need to pay for any documents or services required to gather the necessary materials, such as obtaining a certified copy of your identity document.