How to Pass BitMEX KYC Certification Quickly?
BitMEX, one of the oldest cryptocurrency derivatives exchanges, announced mandatory identity verification for all users. All BitMEX users have to go through KYC (Know Your Customer) verification.
Any traders who haven’t passed the identity verification by February 12, 2021, will be excluded from using the platform’s trading services. Although BitMEX claims it will enhance their security and provide a better environment for traders, many traders are upset with BitMEX’s new policy.
What Does the BitMEX Verification Entail?
In general, exchanges tend to set several levels of KYC, while BitMEX didn’t communicate it in their verification process. The information of BitMEX required is similar to the highest level of KYC on other similar exchanges. Although it could help BitMEX win approval from large traders and institutions, traders are concerned about their data security.
How to Pass BitMEX KYC Certification?
You can see a button of “Begin Identity Verification” at the top of the site when you log in if you have not completed the verification before. Click the button, then you could start verifying.
When you start to verify your identity of BitMEX, you will be asked to provide the following:
1.Identity. Photograph your ID
2.Presence. Capture a video or image selfie
3.Location. Use your web browser or upload a document
4.Funding. A test of how you will fund your account.
Now you can follow the site’s instructions and complete each step to pass the Identity Verification of BitMEX.
However, it is important to note that the website has a very strict auditing mechanism, so you need to upload real and valid information. When I did the test of uploading ID photos, I used a fake image and it didn’t pass the verification.
After submission, processing typically takes less than 24 hours.
Any Exchanges That Don’t Require KYC？
If you feel it is not easy to pass the KYC certification of BitMEX or you very much value your privacy and want to keep nosy busybody or criminals away from your personal information, you can try other exchanges where you can exercise your right to trade cryptocurrencies peacefully. Here are 3 exchanges that meet your requirements.
Binance Futures
Binance Futures is the cryptocurrency derivatives trading platform of leading cryptocurrency exchange Binance. At some point, it is also a bastion of KYC-less trading. You can trade on Binance Futures without KYC as long as your daily withdrawals below 2 BTC.
KuCoin Futures
As a reputed cryptocurrency exchange platform, KuCoin has more than 6 million loyal users coming from 207 countries worldwide.
KuCoin Futures, one of the most important products released by the KuCoin team, has developed rapidly since its official launch on July 8, 2019, and obtained wide recognition and acknowledgment from global users, with high ranks on Coin Bureau, Cryptowisser, and other crypto authority websites.
The team developed a feature of Futures Brawl, which is the entry-level Futures trading activity and it offers new users the best way to get started with Futures trading. You can easily trade with no KYC, and get a trading bonus by this activity.
FTX
FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products, and leveraged tokens.
It provides unique services and a rapid pace of deploying new products, if you are looking for useful trading instruments, FTX maybe your good choice.
Thank you for reading, Happy Trading.
