What are XBTFX's KYC requirements?

XBTFX has 2 verification levels , each with different KYC requirements .  

Current users can view and upgrade KYC levels within the client site located here. 

Level 1

  • Crypto deposit and withdrawal
  • CFD trading
  • Daily Crypto Withdrawal Limit: equivalent to USD 10,000.00

Level 1 Requirements

  • Email Verification
  • Country Entry
  • First & Last Name
  • Phone Number

Start trading in less that minute with Level 1 Verification. 

Level 2

  • Enables Stablecoin Deposits and Withdrawals
  • Enables one click Exchange
  • Daily Crypto Withdrawal Limit: Unrestricted
  • Weekly exchange limit: Equivalent 100k

Level 2 Requirements

  • A valid proof of identity ( Passport, Driver's License or ID Card )*
  • Valid Proof or residence
  • Live selfie

Client verification will be done through SumSub.

Apply for Level 2 KYC

* Not all document types are applicable for all jurisdictions. Acceptable documents will be stated when starting the verificiation process.

XBTFX does not allow citizens or residents from the US to open an account. This jurisdiction will be blocked by geographic location detection on our signup page. Please review our Terms of Service for further details about our policy of prohibited users and jurisdictions. Attempts to bypass our blocked jurisdiction monitor will lead to account closure and permenant IP ban upon discovery.

XBTFX does not accept and does not offer its services to any PEP - Politically Exposed Person(s). Opening an account with us declares that you are not a PEP. 

User data verification and processing is done via Sum and Substance Ltd. (UK) for short "SumSub" KYC/AML tool. XBTFX uses the tools provided by SumSub to take a risk-based approach with ongoing monitoring while protecting our client's personal data.

XBTFX checks every incoming and outgoing transaction with the help of Bitfury Crystal (integrated within SumSub) to monitor suspicious cryptocurrency transaction alerts in the SumSub Know Your Transaction (KYT) product, a real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions. 

To understand how XBTFX monitors it's platform for illicit activity please review our AML Policy.

Clients can review our full legal documentation here.

* In rare cases we might be required to ask for additional information from our clients.

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