What is KYC

KYC policy (Know Your Customer Well) is an enhanced scrutiny of account holders and is the institutional basis for anti-money laundering used to prevent corruption, and is a series of procedures by which financial institutions and cryptocurrency exchanges verify the identity of their customers as required. bitunix uses KYC to identify customers and analyze their risk profile. This verification process helps prevent money laundering and the financing of illegal activities, while KYC verification is also required for users to withdraw.

In adidtion, Bitunix has set different withdrawal limits based on the security level. For verified accounts with only one security item (e.g., email, phone number, or Google Authenticator), the daily withdrawal limit is limited to $10,000 USD equivalent in tokens. You can increase your daily withdarawl limit by setting up 2FA.

The following table lists the withdrawal limits at different KYC levels.

*Daily withdrawal limit updated every 00:00 UTC

*Monthly Withdrawal Limit = Daily Withdrawal Limit * 30 days

Please note:

KYC will be upgraded and iterated according to compliance and regulatory requirements.

Disclaimer

This article is not intended to provide:

(i) investment advice or investment recommendations;

(ii) an offer or solicitation to buy, sell, or hold digital assets; or

(iii) financial, accounting, legal, or tax advice.

Digital assets (including stablecoins and NFTs) involve high risk and may be highly volatile. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For your specific circumstances, consult your legal, tax, or investment professionals. You are responsible for understanding and complying with all applicable local laws and regulations.