BitMEX, the world's largest cryptocurrency derivatives exchange, is known for its advanced trading features and high liquidity pools. However, there is still some confusion about whether or not it requires ID verification. Does BitMEX require ID? What type of ID is accepted? Is there any way to trade crypto derivatives without providing ID? These are some of the questions that have been asked in the crypto trading community.
Many traders have asked why BitMEX requires ID verification when other crypto exchanges do not. The answer is simple; since BitMEX trades derivatives, it has to adhere to certain financial regulations which require traders to submit their IDs for identity verification.
BitMEX accepts a variety of identity documents for verification, including passport, driver's license, and national identity cards. However, the exchange does not accept utility bills, bank statements, or other documents as proof of identity. Once the ID is verified, traders can access the full range of features offered by BitMEX, such as margin trading, leverage trading, and more.
It is important to note that, while BitMEX does require ID verification, it is still possible to trade on the platform without providing any personal information. This is possible through the use of a peer-to-peer exchange which allows traders to trade directly with each other without the need for any identification.
Overall, BitMEX does require ID verification in order to comply with financial regulations, but it is still possible to trade on the platform without providing any personal information.
Many traders have asked why BitMEX requires ID verification when other crypto exchanges do not. The answer is simple; since BitMEX trades derivatives, it has to adhere to certain financial regulations which require traders to submit their IDs for identity verification.
BitMEX accepts a variety of identity documents for verification, including passport, driver's license, and national identity cards. However, the exchange does not accept utility bills, bank statements, or other documents as proof of identity. Once the ID is verified, traders can access the full range of features offered by BitMEX, such as margin trading, leverage trading, and more.
It is important to note that, while BitMEX does require ID verification, it is still possible to trade on the platform without providing any personal information. This is possible through the use of a peer-to-peer exchange which allows traders to trade directly with each other without the need for any identification.
Overall, BitMEX does require ID verification in order to comply with financial regulations, but it is still possible to trade on the platform without providing any personal information.
