IDEX KYC Transition Period and Updated Asset Availability for US Markets Set to Begin
July 24 Starts a 30-Day Transition Period
When KYC goes live on Wednesday, July 24, 2019, it will mark the beginning of a 30-day transition period. All wallets accessing IDEX will continue to be able to make unlimited trades and withdrawals of up to $5,000 USD per day without an account and without verification.
During this transition period, we encourage everyone to create an account and get verified as soon as possible, but it won’t be required. This approach is designed to give you as much time as you need to complete our quick and easy verification without impacting your ability to trade or withdraw amounts up to $5,000 USD per day.
The transition period will end on August 23, 2019, at which time trading and withdrawals through IDEX will only be available for those who have created an account and completed Tier 1 or Tier 2 verification.
Verification Tiers and Requirements
Our two-tier verification system is designed to be as simple as possible:
Tier 1 Verification — After creating an account with a valid email address, you will be asked to provide your name, date of birth and country. Once the information is submitted, verification is instant, and you will be approved for unlimited trades and withdrawals of up to $5,000 USD per day.
Tier 2 Verification — For users who want to withdraw more than $5,000 USD per day, you will be asked to provide your address, a passport (or other approved ID), and a selfie. Once the information is submitted, verification can take as little as 30 seconds, and then you will be approved for unlimited trades and unlimited withdrawals.
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Source (https://medium.com/idex/idex-kyc-transition-period-and-updated-asset-availability-for-us-markets-set-to-begin-d45e945f842d)