Individual KYC FAQ

This article contains the following sections:

1. What is KYC?
2. Why is KYC required?
3. Do I need to register for KYC？
4. Do third-party fiat-to-crypto service providers require KYC verification?
5. How to submit a request for Individual Lv. 1 ?
6. How will my personal information be used?
7. How many times can I submit KYC in one day?
8. How long does the KYC verification process take?
9. What should I do if the KYC verification process fails for more than 3-5 business days?

 

1. What is KYC?

KYC means “know your customer.” KYC guidelines for financial services require that professionals make an effort to verify the identity, suitability and risks involved, in order to minimize the risk to the respective account.

2. Why is KYC required?

KYC is necessary to improve security compliance for all traders.

3. Do I need to register for KYC？

If you want to withdraw more than 100 BTC a day, you’ll need to complete your KYC verification.

Please refer to the following withdrawal limits for each KYC level:

KYC Level	Lv. 0 (No verification required)	Lv. 1
Daily Withdrawal Limit	100 BTC	200 BTC

All token withdrawal limits shall follow BTC index price equivalent value

Note: You may receive a KYC verification request from Zoomex.

4. Do third-party fiat-to-crypto service providers require KYC verification?

Yes. Some third-party fiat-to-crypto providers may require KYC verification based on their own compliance policies. This requirement is determined solely by the provider you choose during the purchase flow and is not controlled by Zoomex.
 

5. How to submit a request for Individual Lv. 1

You may proceed with the following steps:

1. Click “Account & Security” in the upper right-hand corner of the page
2. Click "KYC verification" and "Certification"
3. Click ”Increase limit” under Lv.1 Basic Verification

Document required:

• Document issued by the country of residence (passport/ID card/driver's license) 
  Photos of the front and the back of the respective document

Note:

• Please make sure the document photo clearly shows the full name and date of birth.
• If your KYC document submission is rejected, please make sure your identification and essential information are clearly visible. Please resubmit the document with the necessary information clearly provided. Edited documents may be rejected.
• File format supported: JPG and PNG.

6. How will my personal information be used?

The information you submit is used to verify your identity. We will keep your personal information private. 

7. How many times can I submit KYC in one day?

You can submit your KYC application up to 2 times per day. If both attempts fail, you will need to wait until the next day before trying again.

8. How long does the KYC verification process take?

Due to the complexity of information verification, KYC verification may take up to 3-5 business days.

9. What should I do if the KYC verification process fails for more than 3-5 business days?

If you encounter any problems with KYC verification, kindly contact us via LiveChat support, or send us an email to [e-mail].

For Business KYC verification information, please refer to Business KYC FAQ.