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Does Zoomex Require KYC? Limits & Requirements Exposed

Publisher

February 3, 2024
does zoomex require kyc?

Does Zoomex Require KYC?

No, Zoomex doesn’t require KYC verification. That means you can deposit, trade, and withdraw profits from Zoomex without having to verify your identity.

While users from all around the world can access Zoomex without KYC verification, there may be some withdrawal limitations and feature restrictions for unverified users.

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

You can also read our Zoomex review for a comprehensive look at the platform.

 

Is Zoomex safe to use without KYC?

Zoomex appears to be a safe and secure crypto exchange to use, even without KYC verification. With a clean track record of zero hacks, Zoomex remains a reliable platform for crypto enthusiasts. To safeguard customer funds, Zoomex utilizes multi-signature cold storage wallets. That makes it nearly impossible to hack the assets.

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

While we consider Zoomex to be a good option, we never recommend storing investments and long-term holdings on any crypto exchange. Only keep on the exchange what you are actively trading with. Other than that, all funds should be stored privately on a hard wallet such as a Trezor wallet.

 

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Zoomex Withdrawal Limits

What we love about Zoomex are the generous withdrawal limits. Even unverified users can withdraw high amounts on a daily basis.

Zoomex has different 24-hour withdrawal limit tiers based on the KYC verification level. Unverified Zoomex users can withdraw 10 BTC on a daily basis. For higher daily withdrawal limits, you must do the KYC verification. Level 1 KYC unlocks a 50 BTC limit, and level 2 KYC unlocks 100 BTC.

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 BTC
KYC 1 50 BTC
KYC 2 100 BTC

 

Zoomex KYC Requirements

If you want to verify your identity on the Zoomex exchange, you must submit personal information such as a government-issued ID or Passport. After successful verification, the maximum daily withdrawal limit of 100 BTC will be unlocked. Additionally, you will get access to additional features such as the referral program, earn products, and more.

  • Level 1 KYC only requires an official document such as your ID, passport, or driver’s license.
  • Level 2 KYC requires proof of residence with official documents such as utility bills or bank statements.

 

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Bottom Line

In summary, Zoomex is 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 Zoomex KYC process.

 

FAQ

Does Zoomex require KYC?

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

 

Is Zoomex legit?

Zoomex 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 $2.4 billion, traders from all around the world trust Zoomex services.

 

What are Zoomex withdrawal limits?

The daily withdrawal limit for unverified users is 10 BTC. At level 1 KYC, you can withdraw 50 BTC, and at level 2 KYC, you can withdraw 100 BTC.

 

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