What is the Default KYC Level for Newly Registered OKX Accounts?
OKX newly registered accounts default to the KYC status of "Unverified / Level 0", not Level 1. Completing only the registration process (mobile phone or email verification) does not count as finishing any KYC tier, and at this stage, account functions including deposit, withdrawal and trading are strictly restricted. Users must actively submit required documents to complete identity verification to unlock corresponding permissions.
Prerequisites
Before you start the operation, confirm the following item first:
You have finished the full registration process: entered your mobile number or email address, set a password, filled in the SMS verification code, and successfully logged into your account.
1. Completing Registration Does Not Equal to Finishing KYC
Purpose: Confirm the account status after successful registration, and clarify that "Registered" and "Verified" are two completely different concepts.
Step-by-step guide:
After logging into OKX App or the web platform, navigate to the [Profile] - [Identity Verification] page (path: tap the avatar icon at the top left of the App → [Profile and Settings] → [Profile] → [Identity Verification]).
Check the verification status displayed at the top of the page: if it shows "Unverified", "Please complete identity verification" or no level label at all, your account is still at Level 0 status.
Completion standard: You have accessed the identity verification page and confirmed that your current status is marked as "Unverified" or similar description.
Common failure causes: Many users try to withdraw or trade directly after registering an account, and get blocked by the system then mistakenly think there is something wrong with their account. In fact, this is only because KYC is not completed, which is a normal restriction mechanism of the platform.
2. Function Restrictions for Unverified Level 0 Accounts
Purpose: Learn about the specific function limitations of Level 0 accounts (only registered but not verified).
Step-by-step guide:
Per OKX official rules and public platform guidelines, newly registered accounts that have not completed KYC usually have the following restrictions:
Deposit and Withdrawal: Normal deposit and withdrawal services are unavailable. A small number of mainstream cryptocurrencies (such as BTC, ETH) may allow small-value incoming transfers, but the withdrawal function is almost completely unavailable, with a total withdrawal limit of 0
Trading Function: The per-transaction trading limit is around the equivalent of $1,000, and the total daily cumulative trading limit does not exceed roughly $2,000
Product Access: You can only conduct spot trading of a small number of mainstream cryptocurrencies, and cannot access advanced products such as futures, leverage, and options
Completion standard: You have confirmed the current transaction/withdrawal restrictions of your account, and know that these limits can only be lifted by completing KYC verification.
Risk reminder: Although some cryptocurrencies may allow small-value incoming transfers for unverified accounts, the restricted withdrawal function means your funds may be stuck in the account and cannot be withdrawn. It is strongly recommended that you complete KYC first before making any deposit operations.
3. Upgrade to Level 1 Verification: Unlock Basic Functions
Purpose: Submit basic verification documents to upgrade your account from Level 0 to Level 1.
Step-by-step guide:
Enter the [Identity Verification] page, click [Verify Now] or [Start Verification].
Required documents for Level 1 verification:
Select your country of nationality
Select your ID document type (passport, driver's license, or national ID card)
Enter your ID document number
Enter your full legal name (exactly the same as the name on your ID document)
Key operation requirement: All ID document photos must be taken in real time with your mobile phone or computer camera during the verification process, uploading pre-saved photos from your device is not allowed.
If all information you filled in is correct and the document images are clear, Level 1 verification is usually completed immediately after submission.
After completing Level 1 verification:
Your daily withdrawal limit is increased to $10,000
Full spot trading functions are unlocked, but advanced products such as futures are still restricted
Completion standard: You have submitted all required documents and passed the review, and the [Identity Verification] page displays "Level 1" or "Lv.1" status.
4. Upgrade to Level 2 Verification: Unlock All Functions
Purpose: Submit additional documents such as proof of address to upgrade your account to Level 2.
Step-by-step guide:
After completing Level 1 verification, stay on the same identity verification page to proceed with the upgrade:
Required documents for Level 2 verification:
Proof of address issued within the last 3 months (utility bill, bank statement, or government official letter)
After submission, the review is usually completed within 3 working days, and the period may be extended during peak verification periods.
After completing Level 2 verification:
Your daily withdrawal limit is increased to $1,000,000
All functions including futures, leverage, options, earn products, and NFT market are fully unlocked
The lifetime limit for P2P/fast buy crypto is completely removed
Completion standard: You have submitted all required documents and passed the review, and the [Identity Verification] page displays "Level 2" or "Lv.2" status.
KYC Level and Function Quick Reference Table
| Account Status | Deposit/Withdrawal | Daily Withdrawal Limit | Spot Trading | Futures/Leverage | P2P/Fast Buy Crypto |
|---|---|---|---|---|---|
| Level 0 (Default / Unverified) | Strictly restricted | $0 | ~$1,000 per transaction, ~$2,000 per day | ❌ | Restricted |
| Level 1 Verified | ✅ Accessible | $10,000 | All spot trading pairs available | ❌ | $5,000 lifetime total limit |
| Level 2 Verified | ✅ Fully unlocked | $1,000,000 | Fully accessible | ✅ | Fully unlocked |
Data source: OKX official help center and platform public announcements
The first step after registration is not to rush into trading, but to spend 3 minutes accessing the [Identity Verification] page to confirm your current verification status. If it shows "Unverified", choose the corresponding verification level according to your needs: Level 1 is sufficient for small-volume trading, if you need to use futures or process large-value deposits and withdrawals, you can directly complete Level 2 verification. Note that ID photos must be taken in real time when submitting documents, Level 1 verification usually passes instantly, and you only need to wait up to 3 working days for the Level 2 verification result.
