Bitget, the world’s 10th largest cryptocurrency exchange, is implementing comprehensive Know Your Customer (KYC) requirements for all English-speaking users.
With effect from December 15, the security-enhancing measure complies with all applicable regulations to guarantee platform compliance. Bitget is executing its KYC procedures in two layers in response to customer requests and the demand for flexibility.
According to this structure, users who complete Level 1 gain access to all Bitget services, such as copy trading and derivatives, with $3 million daily withdrawal limits.
The phased rollout of Bitget’s KYC implementation will reduce disruption and allow consumers enough time to update their accounts. The deliberate launch is in line with Bitget’s continuous initiatives to stop financial crimes such as money laundering, highlighting the platform’s commitment to improving user security.
According to a press release, Bitget Country Manager Jamie Elkaleh stated:
“As a leading player in the cryptocurrency exchange landscape, Bitget is committed to offering state-of-the-art services and ensuring a secure and compliant trading environment for our global community. The implementation of mandatory Know Your Customer (KYC) requirements for all users is a critical step in improving user security and complying with international financial regulations.”
The exchange notes in the press release provided that users who complete KYC verification by the deadline of December 15 will also be eligible for a trading bonus of up to $100 USDT, which will be given to the first 5,000 participants.
This was announced on the same day that Bitget Wallet announced a new alliance with Deri Protocol.
As a second step to help the platform lead by example in the industry, the new feature was made to enhance the trading experience for users.
