WEEX does not require KYC for basic account use, making it easier to create an account, deposit crypto, and start trading without submitting identity documents straight away. However, users who remain unverified may face limits on certain features and withdrawals. In this article, we will look at what you can do on WEEX without KYC, the withdrawal limits for verified and unverified users, the available KYC level, and how you can complete WEEX verification if you choose to do so.

Is KYC Required on WEEX?

KYC is not required on WEEX and is kept optional for users. You can create an account, deposit crypto, trade spot assets, and trade futures with leverage of up to 400x without completing identity verification.

The restrictions mainly apply when moving funds in and out of the platform. WEEX P2P trading, along with fiat deposits and withdrawals, is only available to verified users. Unverified users can still deposit and withdraw crypto, but only through supported blockchain networks. Their daily withdrawal limit is also capped compared to verified accounts.

Apart from KYC verification, you should also make sure that WEEX is available in your country. WEEX restricts users from certain regions due to regulatory requirements, and users from these locations may not be able to create an account or use its services, even if KYC remains optional.

WEEX KYC Levels & Withdrawal Limits

While KYC is optional, completing it raises the amount you can withdraw from WEEX each day and gives you access to fiat services and P2P trading. Here are the WEEX KYC levels and the withdrawal limits that apply to each.

WEEX KYC Requirements

To complete WEEX KYC verification, you will need the following:

• A valid government-issued ID
• Passport, national ID, or driver’s licence
• Your ID issuing country
• Clear front and back ID copies
• A completed liveness check

The accepted documents may differ depending on the region you select during verification.

How to Complete WEEX KYC Verification

If you want access to WEEX P2P, fiat services, and higher withdrawal limits, you can complete the KYC process by following these steps.

Step 1: Start by visiting the WEEX website on your browser, and then log in to your account.

Step 2: Once logged in, hover over the profile icon in the top-right corner, and then click on the “Verification” option from the drop-down menu.

Step 3: You will now be taken to your WEEX account verification section. Here, click on the “Verify Now” button.

Step 4: A pop-up window will appear, where you can go through the details of the ID requirements needed for WEEX verification. Click on “Continue”.

Step 5: The first step in WEEX KYC verification is to select the region. Here, select your region and then click on “Confirm”.

Step 6: With your region selected, you will be taken to the Sumsub window for verification. Click on “Continue”.

Step 7: Next, you will be asked whether you are a citizen of the United States, since the KYC ID process is a little different for US residents.

Step 8: After this, you will be taken to the verification window. Click on “Start Verification” to begin the process.

Step 9: In the first step, you will need to confirm your ID issuing country once again.

Step 10: After this, you will be shown a list of eligible ID documents that you can use for verification. Select the ID document you wish to use for your verification.

Step 11: On the next page, you will need to upload scanned copies of the front and back of your ID document.

Step 12: Once uploaded, the documents will be verified, which usually takes a few minutes. Once your ID documents have been approved, you will then need to complete the liveness check to complete your verification.

Once you have completed all the steps, WEEX usually processes your documents within a few minutes, but it can take longer if your submission needs an additional review or the uploaded details are unclear.

Is WEEX Safe to Use Without KYC?

Using WEEX without KYC can be safe from an account-security perspective, as long as you use basic protections such as a strong password, two-factor authentication, and withdrawal security settings. However, keeping a large balance on any exchange always carries platform and counterparty risk, whether your account is verified or not.

It is also worth keeping in mind that exchanges have been changing their KYC requirements recently due to regulatory challenges in different regions. WEEX may currently keep KYC optional for basic crypto trading, but this policy can change later, especially if regulations in your country require identity verification.

Bottom Line

WEEX works for users who want to deposit crypto and trade spot or futures without going through KYC first. However, if you need fiat deposits, fiat withdrawals, or P2P trading, verification is still required. The platform also applies lower daily withdrawal limits to unverified accounts, so KYC status can matter depending on how you plan to use WEEX. If you are specifically looking for platforms that let you trade without identity verification, you can also check our best no-KYC crypto exchanges guide.

FAQs

1. Does WEEX require KYC?

No, KYC is not required on WEEX and is kept optional. Users can deposit crypto and trade spot or futures without completing verification.

2. Can I withdraw from WEEX without KYC?

Yes, unverified users can withdraw crypto through supported blockchain networks. However, their daily withdrawal limit is lower than that of verified users.

3. How long does WEEX KYC verification take?

WEEX usually reviews KYC documents within a few minutes. However, the process can take longer if your documents need an additional review.