CEX.io has launched a mandatory user verification sending the corresponding e-mail notification to its users.
The company commented that they have been targeting business that would comply the key standards of the financial companies. For that purpose, the company focuses on providing transparent and secure services as well as taking measures to comply with the segment regulations. The paltform strictly follows KYC policy. As a result, the platform announced mandatory user verification in order to expand business quality to be in line with the traditional financial institutes.
"You can get higher deposit and withdrawal limits on CEX.IO if you verify your identity. During the verification procedure, you’ll need to provide us with information about yourself and submit the documents required by our AML/KYC Policy," reads the guideline on the company website.
As CEX representative commented, verification will not take long, while the steps will be simple and can be made even via a mobile app. Along with personal data (copies of the documents, including place of residence), users can connect social networks accounts to CEX account. This is said to be an option, but it may boost the chance for a positive result.
In addition, along with general verification, the exchange will offer "Enhanced and Corporate" levels, which may raise withdraw limits and enable priority support. Applications for these levels can be filed via "tapping the Submit request button for the respective verification level".