Does Bitunix Require KYC?
No, Bitunix doesn’t require KYC verification. That means you can deposit, trade, and withdraw from Bitunix without having to verify your identity.
While users from all around the world can access Bitunix without KYC verification, there are some withdrawal limitations. Also, unverified users can’t make credit card purchases.
Read on to learn everything you need to know about the Bitunix Know Your Customer verification process.
Check out our Bitunix review for a comprehensive look at the platform.
Is Bitunix safe to use without KYC?
Bitunix appears to be a safe and secure crypto exchange to use, even without KYC verification. With a clean track record of zero hacks, Bitunix remains a reliable platform for crypto enthusiasts. To safeguard customer funds, Bitunix utilizes multi-signature cold storage wallets. That makes it nearly impossible to hack the assets.
Additionally, Bitunix supports typical account security protocols such as two-factor authentication via phone number and Google Authenticator.
While we consider Bitunix 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.
Bitunix Withdrawal Limits
While we love Bitunix 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 a big limitation for crypto whales, but the daily limit of $10,000 should be enough for beginners and smaller traders.
Bitunix has different 24-hour withdrawal limit tiers based on the KYC verification level. Unverified Bitunix users can withdraw $10,000 on a daily basis. For higher daily withdrawal limits, you must do the KYC verification. Level 1 KYC unlocks a $2,000,000 limit, and level 2 KYC unlocks $5,000,000.
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 | $2,000,000 |
| KYC 2 | $5,000,000 |
Bitunix KYC Requirements
If you decide to do the personal verification on Bitunix, 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, and a selfie
- Level 2 KYC requires proof of address with official documents such as utility bills or bank statements.
Bitunix Basic Verification Step-by-Step
When you are ready to proceed with the Bitunix KYC process, you can follow our step-by-step guide for a seamless verification process.
Step 1: Register on Bitunix
First, you need to register a Bitunix 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 Bitunix, you first navigate to the profile tab in the top right corner and click on “KYC.”
Step 3: Select the Verification Level
Then, proceed to Basic Verification. Click on “Verify” and proceed to fill in your details.
Step 4: Fill out the details
To finalize the Bitunix KYC process, input your full name, country, ID number, and date of birth. Before advancing, meticulously review and confirm the accuracy of the entered data.
Click “Next” to proceed. Subsequently, upload well-defined images of both sides of your ID card. Additionally, submit a photo of yourself holding the ID card, accompanied by a handwritten note featuring “Bitunix” and the current verification date.
This thorough process makes sure your identity check is secure and reliable. Once you finish, expect quick confirmation after 3-4 days to confirm if you successfully passed.
Bottom Line
We consider Bitunix 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 Bitunix KYC process.
FAQ
Does Bitunix require KYC?
No, Bitunix doesn’t require KYC verification. You can deposit, trade, and withdraw without identity verification.
Is Bitunix legit?
Bitunix 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 $10.4 billion, traders from all around the world trust Bitunix services, making Bitunix one of the largest derivatives platforms.
What are Bitunix withdrawal limits?
The daily withdrawal limit for unverified users is $10,000. At level 1 KYC, you can withdraw $2,000,000, and at level 2 KYC, you can withdraw $5,000,000.
