This article will list all the non-KYC verification withdrawal limits on the top Bitcoin crypto exchanges and trading platforms.
However, there are not only withdrawal limits that are connected to the KYC level. Also, trading features, margin limits, and trading limits are often connected to the KYC level.
Here, we focus on the withdrawal limits.
Non KYC Verification Withdrawal Limits on Crypto Exchanges
The table below shows the different Non-KYC verification withdrawal limits for Binance, Kucoin, OKX, MEXC, and Bybit.
Bitcoin and USD daily withdrawal limits for different KYC levels on the most popular Bitcoin trading sites. See all available free crypto sign-up bonuses in 2023 with terms and conditions.
What is KYC verification in crypto?
Know Your Customer (KYC) regulations are mandatory for significant cryptocurrency exchanges because it ensures they comply with regulatory rules and laws. In the past, cryptocurrency exchanges rarely requested KYC details.
One primary benefit of KYC is that users enjoy higher withdrawal limits. However, crypto exchanges still allow non-KYC verification withdrawals, even if they are much more limited today than in the past.
What is the time fram for KYC withdrawal limits?
All KYC withdrawal limits are given per daily interval, in other words, 24h.
What currency is the KYC withdrawal limits denominated in?
Some trading sites denominate the withdrawal limits in USD, BTC and Binance uses BUSD.
Why do we need KYC in crypto?
The KYC verification helps stop money laundering (AML) and financing of illicit terrorism.
Who decides about KYC limits in crypto?
Regulators are forcing crypto exchanges to implement KYC procedures. The United States is leading the way in enforcing AML and KYC rules. These new rules encourage crypto exchanges in the U.S. to monitor fiat-to-crypto and crypto-to-crypto transactions actively.
Crypto KYC advantages
- Access benefits include higher withdrawal limits, fewer fees, and other trading privileges.
- KYC procedures also help protect clients’ assets.
- Traders are at a disadvantage when they open accounts with unregulated companies
MEXC KYC Verification Withdrawal Limit
MEXC has the highest withdrawal limit without needing KYC verification and OKX.
Also, MEXC have high withdrawal limits for KYC1 and KYC2 level, as can be seen in the table
MEXC Global - KYC Requirements
How to pass the MEXC KYC requirements?
- Login into your MEXC account
- Go to KYC Page (Click on the human icon in the top menu and “Verify your identity”) to complete Primary Verification.
- Add a Valid Identity Proof which can be your passport, driving license, national id, etc.
- Proceed to Advanced KYC with Selfie/Face Recognition via the mobile app
OKX KYC Verification Withdrawal Limit
OKX has a famous sign-up bonus where a trader can get up to $10.000 in a mystery box. Read all crypto sign-up bonuses and offers including terms and conditions.
OKX KYC verification withdrawal limits are specified in the bullet list below. We have also further summarized the documents required to fulfill each KYC level.
OKX verification documents required
Level one — basic ID
- Enter nationality
- Enter the document identification number
Level two — photo ID
- Verify identity with photo identification
- Facial verification via Netverify
Level three — disclaimer
After passing the first two levels, users can read the disclaimer on OKX’s mobile app or web page to complete the third level of identity verification.
Kucoin KYC Verification Withdrawal Limit
Kucoin KYC withdrawal limits can be found in the table below. Here, you also see the limitations for institutional and P2P trading accounts.
Login to your KuCoin account and click “KYC Verification” under your avatar.
- For KYC1, you will be asked for individual information, including your country/region of residence, name, and ID number.
- For KYC2 and to get more trading features, you will have to “Upload Identity Document Photo.”
KuCoin KYC consists of KYC1(Basic Verification) and KYC2(Advanced Verification). Proceed to complete Advanced Verification. You will get more trading benefits.
Gate.io KYC Verification Withdrawal Limit
Gate io has standard withdrawal limits, but they may manually review some withdrawals flagged as suspicious by our risk management mechanism (“KYC Required” status in your withdrawal). An advanced identity verification (KYC2) will be required as well.
Bitget KYC Verification Withdrawal Limit
Bitget total withdrawal limits
Users without ID Verification: Value of 50,000 USD
Users with ID Verification: Value of 3,000,000 USD
Read the full article from Bitget about withdrawal limits.
Bybit KYC Verification Withdrawal Limit
Bybit non-KYC verification withdrawal limits are specified in the bullet list below.
The KYC verification process should take 15 minutes, but due to the complexity, KYC verification may take up to 48 hours.
Bybit information required for KYC level 1
Document issued by the country of origin (passport/ID)
Facial recognition screening
Bybit information required for KYC level 2
To reach Bybit KYC level 2, you need to upload Proof of residential address
Bybit accepts the following documents.
Residential Proof issued by the government
Binance KYC Verification Withdrawal Limit
As described above, Binance has started denominating its withdrawal limits in BUSD rather than Bitcoin.
For verification levels, Binance has
- 160.000 BUSD for unverified accounts
- 8 M BUSD for verified accounts
- If you need more significant withdrawal limits, you need to have certain VIP status.
Note: If you do not complete the KYC process, you will not be able to access all the features on the Binance cryptocurrency exchange.
Binance 160K BUSD Daily Withdrawal Limit Requirements
To be able to withdraw up to 160.000 BUSD on a daily basis you need to register either a telephone number or a 2FA method (Binance or Google)
- Telephone number, Binance authentication, or Google authentication
Binance 8M BUSD Daily Withdrawal Limit Requirements
To reach the 8M BUSD daily withdrawal limit, you need to accomplish the full KYC verification procedure, including:
- Personal information
- Government-issued ID
- Facial recognition
- Proof of address
Binance VIP 4-9
For VIP levels 4-9 you can reach up to 96M BUSD daily withdrawal limit.
Non KYC Crypto Exchanges
ChangeNOW has implemented a secret automated risk calculation risk monitor tool.
The risk calculation tool scans all transactions on ChangeNOW and will let your transaction pass with non-KYC requirements as long as it gets a green light.
However, if a transaction is marked as suspicious, the customer is asked to do KYC, and the transaction is paused.
If the KYC requirements are not met, the funds will be refunded.