On overseas exchanges, the verification (KYC) level determines which features you can use and how much you can withdraw. Campaigns often require advanced KYC, so it is best to check this first rather than later.
This guide covers verification levels, required documents, the limits each level unlocks and how verification relates to campaign participation.
Verification levels and what they unlock
Most overseas exchanges use levels such as unverified, basic and advanced. Higher levels raise withdrawal limits, unlock the full futures leverage cap, enable fiat purchases and allow campaign participation.
| Level | Typical requirements | Examples of what is unlocked |
|---|---|---|
| Unverified | Email address, phone number | Small withdrawals, low leverage cap |
| Basic | Name, date of birth, ID document | Higher withdrawal limit, futures access |
| Advanced | Face verification, proof of address | Further limit increases, campaign participation |
What to prepare
- A valid photo ID (driving licence, passport or My Number card)
- A smartphone camera for face verification and document photos
- Proof of address (utility bill etc.) may be requested
- Registered name and date of birth must match the ID
Automated review often completes within minutes to hours, but blurred documents or mismatched details can lead to rejection and a delay of days. Complete verification early if a campaign deadline applies.
How verification relates to campaigns
Deposit campaigns and airdrops commonly require event registration and completed advanced KYC. Deposits or trades made before the conditions are met may not count.
- Whether and when registration is required (before or after depositing)
- Eligibility (new users only, or existing users too)
- Eligible wallet (spot or futures) and how net deposit is defined
- When rewards are credited, their validity and forfeiture conditions
Frequently asked questions
Q. Can I trade without verification?
A. Some exchanges allow limited trading without verification, but withdrawal and leverage limits are low, and verification may be requested at withdrawal. Completing it first is the reliable option.
Q. How is my ID handled?
A. According to each exchange's privacy policy. Check the policy and the operating entity before submitting; if in doubt, consider not using the exchange.
Q. My verification keeps failing.
A. Check that all four corners of the document are visible, there is no glare and the details match your registration. If it still fails, contact support with your application ID.
Sources and conditions
FX Textbook is an independent information site, not an exchange or a provider of personal investment advice. Crypto-asset trading involves risk: price moves, liquidation of leveraged positions, transfer errors and exchange operating risk can result in the loss of some or all invested capital.
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