Understanding OKX's Identity Verification (KYC) Policy
OKX implements rigorous Know Your Customer (KYC) procedures to maintain platform security and regulatory compliance. This guide explains the verification process, its significance, and different account tiers.
Why Identity Verification Matters
Enhanced Security
- Prevents fraudulent activities like money laundering
- Protects user funds through verified identities
- Ensures all transactions comply with legal requirements
Regulatory Compliance
- Meets global Anti-Money Laundering (AML) standards
- Satisfies international cryptocurrency regulations
- Maintains OKX's standing as a trustworthy exchange
👉 Learn about OKX's security features
Step-by-Step Verification Process
1. Submitting Basic Information
- Log in to your OKX account
- Navigate to "Account Settings" → "Identity Verification"
- Select "China" as residence and "ID Card" as document type
- Enter your legal name exactly as shown on documents
2. Document Upload Requirements
- Clear photos of both sides of your ID card
- Ensure all information is readable without glare
- Accepted formats: JPG, PNG (under 5MB)
3. Facial Recognition
- Follow on-screen prompts for live verification
- Good lighting conditions improve success rate
- Remove glasses/hats if the system fails to recognize you
Verification Timeline
- Typically completes within 15 minutes
- Complex cases may take up to 24 hours
- You'll receive email/SMS confirmation upon approval
Account Tiers and Limits
| Verification Level | Requirements | Daily Withdrawal Limit |
|---|---|---|
| Basic | ID + facial recognition | $50,000 |
| Advanced | Add proof of address + bank details | Unlimited |
Common Questions About KYC
FAQ 1: Can I trade without verification?
Answer: Yes, but with restrictions. Unverified accounts can only use basic services with lower withdrawal limits.
FAQ 2: Is my personal data safe?
Answer: OKX uses enterprise-grade encryption. Data is stored securely and never shared with third parties without consent.
FAQ 3: What if my verification fails?
Answer: Double-check document quality and resubmit. Contact OKX support if issues persist.
Pro Tips for Smooth Verification
- Use your primary mobile device (where you normally access OKX)
- Ensure your ID hasn't expired
- Disable VPNs during the process
- Match all names exactly (including middle names if applicable)
Remember: Completing KYC unlocks full platform functionality, including fiat deposits and higher trading limits.