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What is KYC?

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Written by BitYi Official
Updated over 3 weeks ago

KYC (Know Your Customer) is a regulatory framework for enhanced 审查 of account holders, serving as the foundation for anti-money laundering (AML) and corruption prevention. Crypto exchanges like Bitunix use KYC to verify identities and assess risk profiles, ensuring compliance and preventing illicit financial activities.

KYC Tier Benefits

KYC Tier

KYC0 (Unverified)

KYC1

KYC2

Daily Withdrawal Limit*

≤0 USDT

≤2,000,000 USDT

≤5,000,000 USDT

Monthly Withdrawal Limit**

-

-

-


Daily Limit: Resets at 00:00 UTC daily.
Monthly Limit: Daily limit × 30 days (calendar month).

2FA Security Restriction

Accounts without 2FA (Dual Authentication) have a daily withdrawal cap of $10,000 equivalent tokens. Upgrade limits by:
✅ Enabling Email Verification
✅ Enabling Phone Verification
✅ Activating Google Authenticator

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