When picking a cryptocurrency exchange or cryptocurrency platform in general, the platform requiring Anti-Money Laundering and Know Your Customer documents can be a deal-breaker — may it be for privacy reasons, or maybe just that some people (especially in poorer, developing countries) don’t have access to major identification documents such as passports and drivers license.
Does FTX require AML/KYC identification documents?
Not necessarily. FTX only requires your personal information (without the need of submitting identification documents), though you will be limited to withdrawing $2000 worth of cryptocurrencies per day, and you wouldn’t be allowed to deposit and withdraw your local currency.
If you want cryptocurrency withdrawals without a maximum cap per day and you want deposits and withdrawals of your local currency, you’d need to submit an identification document, and facial verification (through a selfie).
How do I join FTX?
- Head over to the FTX website
- On the top right corner, click on REGISTER
- Fill in your email and password
- Click on SIGNUP
Congratulations, you now have an FTX account.
You can now deposit cryptocurrencies to be able to trade — or if you want to deposit your local currency through your credit or debit card, quickly submit identification documents on the Identity Verification page.
