What Restrictions Can You Unlock After Completing OKX KYC Verification?

Once you complete KYC verification, your OKX account will no longer be limited to only viewing market data, and you will gain access to deposit, trade, and withdraw functions. The exact restrictions lifted and corresponding access level depends on whether you complete Level 1 or Level 2 KYC: Level 1 removes basic transaction limits but comes with a lifetime P2P usage cap, while Level 2 unlocks all full features and raises your daily withdrawal limit from $10,000 to $1,000,000.

1. Check What Restrictions Your Unverified Account Faces First

First, clarify exactly which functions are locked for accounts that have not finished any KYC process.

Unverified OKX accounts have the following status:

• Cannot make any deposits (neither crypto nor fiat currency)
• Cannot conduct any transactions (spot, futures, options are all unavailable)
• Cannot make any withdrawals
• Cannot use P2P (C2C) crypto buying and selling services
• Can only browse market quotes and view public market data

If you see the prompt "Please complete identity verification first" when trying to perform operations, that means your account is currently in this unverified state.

You can confirm your current KYC status by navigating to the [Profile] - [Identity Verification] page to check your verification level.

A common misconception among new users is that they can start trading immediately after registering an account, only to get blocked when making a deposit and mistakenly think there is an error with their account. This issue is almost always caused by incomplete KYC verification.

2. Complete Level 1 (KYC 1) Verification: Unlock Basic Restrictions

Learn exactly what functions KYC Level 1 unlocks, and what limits still remain in place.

Level 1 verification requires you to submit a government-issued ID document (passport, driver's license, or national ID card) and finish a facial recognition check.

After completing Level 1 verification, the following restrictions are removed:

• Deposits and withdrawals: You can deposit and withdraw crypto, with a daily withdrawal limit of $10,000
• Spot trading: Basic spot buy and sell functions become fully available
• Basic crypto deposits: You can freely deposit supported crypto assets to your account

The following restrictions still apply to Level 1 accounts:

• P2P (C2C) and instant crypto purchase: There is a total lifetime cumulative limit of $5,000 — this is not a daily reset limit, meaning you can only buy up to $5,000 worth of crypto via P2P for the entire lifecycle of your account. Once you use up this quota, the P2P function will be permanently locked unless you upgrade to Level 2 verification.
• Futures/leverage/options trading: Unavailable or heavily restricted
• Earn/staking services: Unavailable or heavily restricted
• NFT marketplace access: Unavailable or heavily restricted

You can confirm your account is marked as "Level 1" or "Lv.1" to verify you have the $10,000 daily withdrawal limit and $5,000 lifetime P2P cap.

Risk Reminder: The $5,000 P2P limit is lifetime cumulative and does not reset daily. Once you exhaust this quota, you will not be able to buy crypto via P2P (including C2C merchant channels and instant buy options) until you upgrade to Level 2 KYC.

3. Complete Level 2 (KYC 2) Verification: Unlock All Full Function Restrictions

Learn what additional restrictions are lifted once you upgrade to Level 2 verification.

Based on your completed Level 1 verification, Level 2 requires you to submit additional proof of address (a utility bill, bank statement, or official government letter issued within the last 3 months). Verification review usually takes between a few minutes and 24 hours, and may extend to 48 hours for complex application cases.

After completing Level 2 verification, the following extra restrictions are removed:

• Daily withdrawal limit: Raised from $10,000 to $1,000,000 (a 100x increase)
• P2P lifetime limit: Fully removed, no more $5,000 spending cap
• Futures/leverage/options trading: Fully unlocked with no restrictions
• Earn/staking services: Fully unlocked with no restrictions
• NFT marketplace access: Fully unlocked with no restrictions
• All advanced products: All spot, derivatives, and fiat trading functions are fully available

You can confirm your account is marked as "Level 2" or "Lv.2" to verify your daily withdrawal limit has been raised to $1,000,000.

Prerequisite Note: You must complete Level 1 verification first before applying for Level 2. Submitting proof of address directly without finishing Level 1 will not trigger the upgrade process.

4. Special Cases: Account Restrictions and KYC Level 3

Learn about extra limits unrelated to standard KYC levels that you may encounter even after finishing Level 2 verification.

Account risk control restrictions: Even if you have completed Level 2 KYC, your account may still be temporarily restricted due to detected abnormal activity, large withdrawal requests, or safety alerts. In this case, you will need to cooperate with the risk control review by submitting supplementary materials, and upgrading your KYC level will not automatically lift these restrictions.

KYC 3 (Institutional Level Verification): Designed for institutional users or high-volume individual traders, this level requires submission of business registration documents, with fully customized withdrawal limits. Regular individual users almost never need to apply for this verification level.

C2C Merchant Verification: If you want to become an official OKX C2C merchant, you will need to complete a separate "KYC 3 video verification" and meet additional requirements (minimum 90% order completion rate, at least 20 completed orders, and 10,000 USDT security deposit).

You will be able to distinguish between standard KYC restrictions (lifted by completing Level 1 or 2) and risk control restrictions (require cooperation with manual review) to properly resolve any access issues on your account.

Quick Reference Table for Restriction Unlocking by Verification Level

After completing your verification, go to the [Profile] - [Identity Verification] page to confirm your current level and corresponding limit details. If you only need to make small regular trades and withdrawals, Level 1 verification is sufficient. If you want to use futures products, make frequent P2P deposits/withdrawals, or process large withdrawal amounts, make sure to upgrade to Level 2 KYC. When making withdrawals, always check the "24-hour remaining limit" displayed on the withdrawal page — this limit rolls over based on the exact time of each of your withdrawal requests, and does not reset automatically at 0:00 UTC daily.