KYC, or Know Your Customer, is a mandatory verification process for users on many digital asset platforms, including OKX. It's a crucial security measure that helps protect both the platform and its users from fraudulent activities. The OKX KYC process is tiered, consisting of three main levels: Basic (Level 1), Advanced (Level 2), and Video Verification (Level 3). Each level unlocks different features and higher security for your account.
Completing your KYC verification is essential for accessing the full suite of services on OKX and ensuring a secure trading experience.
How to Complete OKX KYC on the Mobile App
The most convenient way to complete your verification is through the official OKX mobile application.
- Open the OKX app and tap the profile icon in the top-left corner of the homepage.
- Select the "Identity Verification" option from the menu.
You will be guided through the three levels of verification:
- KYC 1 (Basic) & KYC 2 (Advanced): These levels require you to provide and verify your government-issued identification document, such as an ID card or passport.
- KYC 3 (Video Verification): This final level requires a brief live video session within the app to confirm your identity.
👉 Start your identity verification process now
How to Complete OKX KYC on the Web Platform
You can also complete the verification process on the OKX website.
- Navigate to the official OKX website and log in to your account.
- Click on your profile icon in the top-right corner of the screen.
- Select "Identity Verification" to be taken to the verification portal.
- Follow the on-screen instructions to complete all three levels of KYC certification.
Key Benefits of Completing KYC Verification
Understanding why KYC is important can help motivate you to complete the process. Here are the primary advantages:
- Full Market Access: Without completing KYC, you cannot engage in fiat currency trading (buying crypto with traditional currency like USD). However, basic functions like deposits, withdrawals, coin-to-coin trading, and contract trading may remain available. Full KYC certification unlocks all trading types.
- Better Rates and Dealers: A higher verification level improves your experience in the peer-to-peer (P2P) fiat market. You are more likely to be matched with more reputable merchants and offered more favorable prices.
- Increased Withdrawal Limits: Verification directly increases your daily withdrawal allowance. Level 1认证 typically allows a limit of 200 BTC per 24 hours. Completing Level 2 and Level 3 verification can raise this limit significantly, for example, to 500 BTC.
- Enhanced Account Security: The process adds a strong layer of security to your account, helping to prevent unauthorized access and various forms of fraud.
- Account Integrity: Each government-issued ID can only be used to verify one OKX account, maintaining the integrity of the platform's user base.
Frequently Asked Questions (FAQ)
What is KYC and why is it required?
KYC is a standard verification process used by financial institutions to verify the identity of their clients. It is required on OKX to prevent illegal activities like money laundering and fraud, enhance platform security, and comply with global financial regulations. It ultimately creates a safer environment for all users.
Can I trade without completing KYC verification?
Yes, but with significant limitations. While you may still perform crypto deposits, withdrawals, and crypto-to-crypto trades, you will be unable to participate in fiat trading (buying or selling crypto with traditional money) until you complete the required KYC levels.
What documents do I need for KYC?
For the Basic and Advanced verification levels, you will need a valid, government-issued identification document. This is typically a passport, national ID card, or driver's license. Ensure the document is not expired and that all information is clearly visible in your uploads.
Is my personal information safe with OKX?
OKX employs advanced encryption and security protocols to protect user data. The information collected during KYC is used solely for verification and security purposes and is handled in accordance with strict privacy policies and relevant regulations.
What happens if I fail the video verification?
If your video verification attempt is unsuccessful, the app or website will typically provide a reason. This could be due to poor lighting, unclear audio, or a mismatch of information. You can usually retry the process immediately. Ensure you are in a well-lit, quiet space and follow the instructions carefully.
Can I change the account tied to my ID after verification?
No. A key rule of KYC is that one identity document can only be used to verify one account. You cannot use the same ID to verify a second account, and you cannot transfer the verified status from one account to another.