IBITTERS,
KYC means Know Your Customer and sometimes Know Your Client. KYC or KYC check is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time. In other words, banks must ensure that their clients are genuinely who they claim to be.
What is the impact of KYC on the use of IBIT services?
1. Users without KYC have a withdrawal limit of 8,000 USDT/day, other details are as follows
| VIP Level |
KYC 0: 24-Hour Withdraw Limit (USD) |
KYC1: 24-Hour Withdraw Limit (USD) |
KYC 2:24-Hour Withdraw Limit (USD) |
| VIP 0 | 8000 | 500,000 | 1,000,000 |
| VIP 1 | 8000 | 1,500,000 | 2,500,000 |
| VIP 2 | 8000 | 2,500,000 | 3,000,000 |
| VIP 3 | 8000 | 3,000,000 | 4,000,000 |
| VIP 4 | 8000 | 4,000,000 | 5,000,000 |
| VIP 5 | 8000 | 5,000,000 | 6,000,000 |
2. Some activities are only available to users who have completed KYC.
3. KYC requirements for users of other platform functions
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