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Withdraw funds without KYC up to $ 1500 per day on Bitxmi

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Withdraw without KYC upto $1500 per day on Bitxmi News on news.bitxmi

Withdraw funds without KYC up to $ 1500 per day on Bitxmi

In connection with the latest loud statement about a categorical change in the KYC policy on the Binance crypto exchange, the BitXmi team reminds all traders of our exchange and newcomers that the available amount to withdraw funds on our exchange is up to $ 1,500 per day without going the KYC procedure.

Binance explained the policy update with efforts to implement KYC and AML regulations to better protect users and fight financial crime.

You just need to go through a simple registration using an email or phone number and all the BitXmi exchange functions will become available. We also remind you that we have a low USDT withdrawal commission – $ 1.

What Does KYC Mean?

KYC means “Know Your Customer”, that is, the creators of the exchange know who is registered on their site. In theory, this should be easy enough but in practice, it is somewhat more complex.

The vast majority of financial regulators or authorities require financial institutions to have a KYC system but do not specify exactly how best to do this. Many authorities require banks or exchanges to collect a minimum set of documents and personal information.

This data usually includes:

  • Name
  • Address
  • ID number / Passport number / License
  • Country of Residence
  • Date of Birth

Depending on the institution, confirmation of this information is often required; for example, a selfie with a passport. Institutions decide for themselves what specific information the client must provide in order to pass the KYC assessment.

How To Get KYC

Each exchange has a section with a different name (KYC, Verification, etc) but each carries the same meaning – the passage of personal identification. In most cases, this is needed to deposit and withdraw fiat funds. Occasionally, it is used for regular cryptocurrency trading.

Completing your KYC is both simple and straightforward. How to get KYC on the BitXmi crypto exchange below:

Once you have completed registration, go to your personal account (the entrance to which is in the upper right corner of the main page) to go through KYC.

On the BitXmi platform, the KYC procedure is called ID Verification. Click on the Verification button:

First, choose your country of registration from the list.

In the next window, fill in the following information in English:

  • Identity document (passport, driver’s license, additional documents)
  • First name
  • Last name
  • ID number

Withdraw without KYC

The next step is to upload a photo:

  1. Upload the front cover of your ID document
  2. Upload your ID document personal information page
  3. Upload your handheld documents and personal signature photos.

Withdraw without KYC

Following submission, you will see the status of the Identity and Address Verification process. After successful verification, you will see that your address is “Verified” in the Address Verification section. This completes your KYC verification process on the BitXmi crypto exchange.

Importance of KYC

An important element of KYC is to ensure that users do not commit money laundering or terrorist financing transactions.

The anonymity and lack of central control over the cryptocurrency industry inevitably led to criminals using digital currencies to channel funds illicitly. KYC effectively assists in the fight against terrorist financing as authorities are able to request and access the data of certain users on exchanges.

Read about the new exclusive BXMI NFT Marketplace from the Bitxmi crypto exchange

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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