Cryptocurrency Q&A
Can I use CoinEx without verification?
Can I use CoinEx without verification?
Elena
Mon Oct 07 2024
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6 answers
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Excuse me, I'm a bit confused about the verification process on CoinEx. I was wondering, is it possible to use the platform without undergoing any form of verification? I understand that some crypto exchanges require KYC (Know Your Customer) procedures, but I'm curious if CoinEx offers an option for users to trade without going through such a process. Could you please clarify this for me? Thank you for your time.
6 answers
KimchiQueenCharm
Wed Oct 09 2024
Cryptocurrency exchanges often require users to undergo ID verification for various reasons, one of which is to increase the security of transactions.
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Davide
Wed Oct 09 2024
By verifying your identity, you can benefit from a higher 24-hour withdrawal quota, which allows you to withdraw larger amounts of cryptocurrency in a shorter period.
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Elena
Wed Oct 09 2024
However, it's important to note that ID verification is not mandatory for all functions on cryptocurrency exchanges.
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CherryBlossomFalling
Wed Oct 09 2024
For instance, on CoinEx, you can still use many of the platform's features, such as trading, depositing, and withdrawing smaller amounts, without undergoing ID verification.
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Margherita
Tue Oct 08 2024
This flexibility is a significant advantage for users who value privacy and do not want to disclose their personal information.
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