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Author Topic: Bitfinex quiestion  (Read 140 times)
garciarachel560 (OP)
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July 16, 2020, 06:32:57 PM
 #1

Hello,

I'm new with Bitfinex  and want to exchange from btc to other, what is the limit per day untill will request  verification?
OmegaStarScream
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July 16, 2020, 07:03:58 PM
 #2

AFAIK, you're not required to go through the KYC process unless you want to trade fiat or stablecoins (such as Tether).

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JeromeTash
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July 16, 2020, 11:44:11 PM
 #3

I would like to share a few links that maybe helpful to you, but I think as far as trading limits are concerned. If you are not looking to withdraw or deposits stable coins of fiat currencies. Then you don't have to worry so much about KYC

Quote
Do I need to verify my account to start trading?

No, you do not need to verify your account to start trading on most listed currencies on Bitfinex. Verification is only required for users wishing to deposit/withdraw fiat currencies (e.g. USD), for selected utility and stable coins, (e.g. LEO, OKB, USDK), and/or for users who wish to speed up the deposit process. Users wishing to deposit/trade/withdraw most cryptocurrencies are not required to verify their account. However, as per our Terms of Service, we reserve the right to ask for KYC information at any point in time if your account activity raises flags.

- https://support.bitfinex.com/hc/en-us/articles/115003424209-Verification-Frequently-Asked-Questions
- https://support.bitfinex.com/hc/en-us/articles/360017321633-Verification-Levels-and-Advantages

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July 16, 2020, 11:44:44 PM
 #4

what is the limit per day untill will request  verification?
What Omega have said above is right, but it's important to know that they can ask for account verification at any time. Here is the full explanation from the FAQ page: https://support.bitfinex.com/hc/en-us/articles/115003424209-Verification-Frequently-Asked-Questions
Quote
Do I need to verify my account to start trading?

No, you do not need to verify your account to start trading on most listed currencies on Bitfinex. Verification is only required for users wishing to deposit/withdraw fiat currencies (e.g. USD), for selected utility and stable coins, (e.g. LEO, OKB, USDK), and/or for users who wish to speed up the deposit process. Users wishing to deposit/trade/withdraw most cryptocurrencies are not required to verify their account. However, as per our Terms of Service, we reserve the right to ask for KYC information at any point in time if your account activity raises flags.
Husires
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July 17, 2020, 02:26:55 PM
 #5

Hello,

I'm new with Bitfinex  and want to exchange from btc to other, what is the limit per day untill will request  verification?
using centeral exchange mean passking kyc and need the necessary ID to use it.
Not having them mean that your account may be closed at any time, a condition that you will find in all terms of use of these accounts.
So if you do not have proper kyc, avoid them.

good and well known exchange will allow you Withdraw your money but don't bet on that.
garciarachel560 (OP)
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July 17, 2020, 03:46:16 PM
 #6

thank you guys!!
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