Bitget Strengthens KYC: What You Need to Know to Keep Access

• Bitget has joined the growing list of exchanges to advance stricter KYC requirements in recent months.
• Customers must complete their Level 1 KYC verification process before September 1 or risk account restrictions.
• The verification process requires customers to provide valid government-issued ID and a facial identification process.

Bitget Sets Stricter KYC Requirements

Bitget has joined the growing list of cryptocurrency exchanges advancing stricter Know Your Customer (KYC) requirements in response to money laundering and fraud risks. Starting September 1, customers must complete their Level 1 KYC verification process or face account restrictions.

What You Need for Verification

To complete the level 1 KYC verification process, you must fill out a form providing your name, nationality, and date of birth. Additionally, you will be required to provide a valid government-issued ID and complete a facial identification process.

Existing Accounts

Customers who signed up before September 1 but have yet to complete the level 1 KYC verification process will be allowed to operate without restrictions until October 1. Past that deadline, accounts that fail to verify will only be able to conduct transactions with assets already in them and withdraw funds.

Benefits of Verification

Verifying your identity on Bitget provides access to the full range of services available on the platform including depositing and trading crypto assets as well as taking part in promotions such as discounts on transaction fees or other campaigns run by Bitget from time to time.

Conclusion

Bitget’s update is intended protect customers’ rights while creating a more secure trading environment free from money laundering and fraud risks posed by cryptocurrencies worldwide. To avoid account restrictions, existing customers must complete their Level 1 KYC verification before October 1; new users must do so before September 1st