What is KYC Level 2?
KYC level 2 can be done in order to increase the daily limit of THB deposit and withdrawal, and crypto withdrawal in case your current limit is not enough for your usage.
Who is suitable for a level 2 account?
- Any customer who wishes to deposit-withdraw more than 1 million Baht per day, or withdraw tokens of more than 1 million Baht per day.
- Customers who already pass the account level 1 verification.
What will you be offered from a level 2 account?
- Customers who pass KYC level 2 verification will be provided with an increase in THB deposit-withdrawal limit and crypto withdrawal, ranging from 1.25 million Baht to 50 million Baht (per day). However, the limit approval will depend on the consideration of the company.
Required documents for KYC level 2 application
There are 2 types of required documents for the level 2 application. Please see the details below.
|
Type of document |
Acceptable document |
Requirements |
|
1. Proof of address |
Choose to submit only 1 document - A utility bill: such as electricity, telephone, credit card, and internet bills. - A document issued by the government: such as a tax invoice, resident certificate, etc. |
The submitted document must contain: - Name - Lastname: must match with one on the Bitkub account. - Address: contact address that may differ from what is stated on Bitkub account or ID card is acceptable. - Issuance date of document: must show the issue date that is not older than 90 days. |
|
2. Proof of financial status or statement |
- Bank statement (must submit)
- Salary pay slip |
The submitted documents must contain: - Bank name - Name on the document: must match with one on the Bitkub account.
Remark: The bank statement can be from any bank other than the bank bound to your Bitkub account. |
Examples of documents
Examples of acceptable proof of address
Example of acceptable proof of financial statement (bank statement)
Level 2 application criteria
The daily limit of your account is determined according to the average ending balance of every day of your bank statement and the asset balance in your Bitkub wallet, which you can calculate and evaluate the daily limit that you may receive by following the steps below.
1. Check and combine the balances of your THB and digital assets wallet in your Bitkub account, and compare the range with Table 1 to see what score you will get from this step.
Table 1
|
Total asset value (Baht) |
Score (points) |
|
0 - 199,999 |
0 |
|
200,000 - 499,999 |
0.25 |
|
500,000 - 999,999 |
0.5 |
|
1,000,000 - 1,499,999 |
0.7 |
|
1,500,000 - 1,999,999 |
2 |
|
2,000,000 - 4,999,999 |
4 |
|
5,000,000 - 9,999,999 |
6 |
|
10,000,000 - 14,999,999 |
8 |
|
> 15,000,000 |
12 |
Example
Mr. A has a remaining asset (THB and digital assets combined) on his Bitkub account worth 2,500,000 Baht. In this case, Mr. A earns 4 points from this step.
2. Check the average remaining balance of your bank account (according to the bank statement you submit), and compare the range with Table 2 to see what score you will get from this step.
Table 2
|
Balance per day in the statement (Baht) |
Score (points) |
|
0 - 199,999 |
0 |
|
200,000 - 499,999 |
0.5 |
|
500,000 - 999,999 |
0.7 |
|
1,000,000 - 1,499,999 |
1 |
|
1,500,000 - 1,999,999 |
3 |
|
2,000,000 - 4,999,999 |
5 |
|
5,000,000 - 9,999,999 |
7.5 |
|
10,000,000 - 14,999,999 |
10 |
|
> 15,000,000 |
15 |
Example
Mr. A has a remaining balance on his bank statement average at 480,000 Baht per day (the minimum balance we require is at least 200,000 Baht per day). Thus, Mr. A earns 0.5 points in this step.
3. Combine the scores from steps 1 and 2, then check the total score with Table 3 to see the range of a possible limit you may be approved for based on the initial criteria of the company**.
Table 3
|
Total score (points) |
Daily limit that the company will initially consider (Baht)** |
|
0 - 0.50 |
Remain at the daily limit for level 1 account |
|
0.51 - 1.25 |
1,250,000 - 2,500,000 |
|
1.26 - 2.50 |
2,500,000 - 5,000,000 |
|
2.51 - 4.00 |
3,750,000 - 7,500,000 |
|
4.01 - 6.00 |
5,000,000 - 10,000,000 |
|
6.01 - 8.00 |
7,500,000 - 15,000,000 |
|
8.01 - 11.00 |
10,000,000 - 20,000,000 |
|
11.01 - 14.00 |
15,000,000 - 30,000,000 |
|
> 14 |
25,000,000 - 50,000,000 |
Example
Mr. A earns 4 points from step 1, and 0.5 points from step 2; Mr. A's total score is 4.5 points.
Therefore, the possible daily limit range that Mr. A may receive is 5,000,000 - 10,000,000 Baht.
** Remark: The aforementioned calculation is only the initial criteria. The company will carefully and appropriately consider other factors based on facts and the verification result of each customer. The company reserves the right to adjust or change the initial criteria based on our consideration without prior notice.
How to apply for a level 2 account
There are 2 ways you can submit your application for account level 2 verification: through the Bitkub website and through the Bitkub application.
Option 1: Applying through Bitkub website
1. Log in to your account on Bitkub.com.
2. Select "Settings".
3. In the "Level" section, click "Increase Limit".
4. Click "Yes, I'd like to increase my limit".
5. Then click Continue.
6. The system will ask you to upload the required documents: proof of address and proof of financial status.
- Once you complete uploading, click "Next" and then "Submit", until you see the message "In process".
*Tips - You can upload multiple document files at the same time via the website by using a PC. The method is as follows:
Option 2: Applying through Bitkub application
1. Log in to your account on the Bitkub application > go on "Setting" from the menu bar at the bottom of the screen.
2. Select "Change of Credit Limit" to proceed to the next step.
3. Click "Continue".
4. Upload the required documents.
- The system supports files in jpg, jpeg, png, or pdf formats only and the size of a file must not exceed 10 MB.
5. Indicate the password for opening the file (if any), and click "Submit".
Once your documents are submitted to our system, you will see a message "In process". Please wait for the update/result from us via email which will be sent to you within 30 days. However, in case of a high volume of applications, the process may take longer than usual, but we will do our best to complete your application as soon as possible.
If your account verification for level 2 is successful, your account will be unlocked for the following limits.
- Coin deposit: No limit
- THB deposit: 1,250,000 - 50,000,000 THB/day
- THB withdrawal: 1,250,000 - 50,000,000 THB/day
- Coin withdrawal: 1,250,000 - 50,000,000 THB/day
Remarks:
- The company reserves the right to change the preliminary daily limit consideration criteria appropriately without prior notice. However, the preliminary daily limit consideration criteria are only an initial assessment. Additional factors, including the facts and results from the account verification, will be taken into account when evaluating your level 2 application.
- The number of applications may affect the service processing time. Our team will make sure to complete the process as soon as possible.
For questions and inquiries, please feel free to contact us.
Bitkub Exchange
Website: www.bitkub.com
Contact us: Bitkub Support
Telephone: +66 2-032-9555
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