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Does BTCC Require KYC? All Requirements & Limits

Publisher

February 8, 2024
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Does BTCC require kyc guide

BTCC KYC Requirements

No, BTCC doesn’t require KYC verification. That means you can deposit, trade, and withdraw profits from BTCC without having to go through identity verification.

While users from all around the world can access BTCC without KYC verification, there are some withdrawal limitations. Also, unverified users can’t make credit card purchases to onramp funds. Crypto deposits, however, are available for all users, regardless of their KYC level.

Read on to learn everything you need to know about the BTCC Know Your Customer verification process.

Check out our BTCC review for a comprehensive look at the platform.

 

Visit BTCC

 

Is BTCC safe to use without KYC?

Overall, BTCC appears to be a safe and reliable crypto exchange to use, even without KYC verification.

With a clean track record of zero hacks since 2011, BTCC remains a reliable platform for crypto enthusiasts. This is impressive, considering BTCC is one of the oldest crypto exchanges.

To safeguard customer funds, BTCC utilizes multi-signature cold storage wallets. That makes it nearly impossible to hack the assets.

Additionally, BTCC supports typical account security protocols such as two-factor authentication via phone number and Google Authenticator.

While we consider BTCC to be a good option, we never recommend you only keep on the exchange with what you are actively trading. Other than that, all funds should be stored privately on a hard wallet such as a Trezor wallet.

 

BTCC Withdrawal Limits

While we love BTCC as a reliable no-KYC crypto exchange, one drawdown is its daily withdrawal limit of $10,000 for unverified users. To increase the daily withdrawal limit, you must do identity verification.

This is just a limitation for crypto whales, but the daily limit of $10,000 should be enough for beginners and smaller traders.

BTCC has different 24-hour withdrawal limit tiers based on the KYC level. Unverified BTCC users can withdraw $10,000 on a daily basis.

For higher daily withdrawal limits, you must do the KYC verification. Level 1 KYC (Identity document) unlocks a $100,000 limit, and level 2 KYC (Facial verification) unlocks $1,000,000.

You can see all withdrawal limits based on the respective KYC level in the table below.

 

KYC Level 24-hour Withdrawal Limit
No KYC $10,000
KYC 1 $100,000
KYC 2 $1,000,000

BTCC KYC Requirements

If you decide to do the personal verification on BTCC, you must provide personal data such as a government-issued ID. The requirements are as follows:

  • Level 1 KYC only requires an official document such as your ID, passport, or driver’s license
  • Level 2 KYC requires facial recognition

 

 

Visit BTCC

 

BTCC Identity Document Verification Step-by-Step

When you are ready to proceed with the BTCC KYC process, you can follow our step-by-step guide for a seamless verification process.

 

Step 1: Register on BTCC

First, you need to register a BTCC account with your email or phone number. The signup process just takes a few seconds.

 

Step 2: Go to the KYC section

To verify your identity on BTCC, you first navigate to the profile tab in the top right corner and click on “Identity verification”

Step 3: Select the Verification Level

First, you need to do the Identity document verification, which is KYC level 1. Click on “Start verification”

 

Step 4: Fill out the details

To finalize the BTCC KYC process, select your country of residence and the issuing country of your document. Before advancing, meticulously review and confirm the accuracy of the entered data.

The accepted documents are:

  • Drivers license
  • ID Card
  • Passport
  • Residence permit

 

Bottom Line

We consider BTCC to be a great no-KYC crypto exchange for users who want to remain anonymous. The platform is well-designed and user-friendly, supports over 300 cryptocurrencies, has low fees, and has generous withdrawal limits. Even when you are unverified, you have access to most features. However, to unlock everything on the platform, such as higher withdrawal limits, you must verify your identity in the BTCC KYC process.

 

 

Visit BTCC

 

FAQ

Does BTCC require KYC?

No, BTCC doesn’t require KYC verification. You can deposit, trade, and withdraw without identity verification.

 

Is BTCC legit?

BTCC appears to be a legitimate crypto exchange. The platform was never hacked and has robust security measures in place. With a daily trading volume of over $4 billion, traders from all around the world trust BTCC services, making BTCC one of the largest derivatives platforms.

 

What are BTCC withdrawal limits?

The daily withdrawal limit for unverified users is $10,000. At level 1 KYC, you can withdraw $100,000, and at level 2 KYC, you can withdraw $1,000,000.

Our recommendation:

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