can i trade on okx without verification

Trading on OKX without verification is possible but incurs daily withdrawal limits of 1 BTC and trading volume caps of 100,000 USD equivalent.

Oct 23, 2024 at 07:36 pm

Can I Trade on OKX Without Verification?

Yes, you can trade on OKX without verification but with some limitations.

What are the limitations of trading on OKX without verification?

1. Withdrawal limits:
Unverified users have a daily withdrawal limit of 1 BTC, 5 ETH or equivalent in other cryptocurrencies.

2. Trading volume caps:
Unverified users have a daily trading volume cap of 100,000 USD equivalent.

Steps to trade on OKX without verification:

1. Create an unverified account:
Register on OKX by providing your email address and setting up a password. You will not be asked to verify your identity.

2. Fund your account:
Deposit funds into your OKX account using supported payment methods such as cryptocurrencies, credit cards, or P2P trading.

3. Start trading:
Once your account is funded, you can start trading cryptocurrencies on OKX. However, keep in mind the limitations mentioned above.

Benefits of verifying your OKX account:

1. Increased withdrawal limits:
Verified users have higher withdrawal limits, typically up to 10 BTC or more per day.

2. Removed trading volume caps:
Trading volume caps are removed for verified users, allowing them to trade without restrictions.

3. Access to more advanced features:
Verified users have access to additional features such as OTC trading, margin trading, and derivatives trading.

How to verify your OKX account:

1. KYC (Know Your Customer) Verification:
Provide personal information, such as your name, address, and ID number.

2. Two-Factor Authentication (2FA):
Enable 2FA to enhance the security of your account.

Conclusion:

While you can trade on OKX without verification, there are limitations that may affect your experience. Verifying your account is recommended to unlock higher withdrawal limits, remove trading volume caps, and access advanced features.