What is KYC Level 2?
- KYC level 2 can be done in order to request to increase the daily limit of THB deposit-withdrawal and coin withdrawal in case your current limit is not enough.
Who should upgrade to Level 2?
- Any trader who wishes to deposit or withdraw more than 1 million THB per day or withdraw coins more than 1 million THB per day.
What will you unlock in Level 2?
- Daily THB deposit-withdrawal limit and coin withdrawal range from 1.25 million THB to 50 million THB (per day) depending on the criteria of the company.
The list of acceptable required documents for KYC Level 2 verification.
1. Proof of Address (Required)
We accept the following documents:
- Bank Account Statement. (This should be issued by the bank, showing the bank seal or statement file from bank application that must show the address and the statement must show the issue date within the last 3 months)
- Utility Bill. (Electricity, telephone, credit card, and internet bill)
- Documents issued by the government. (Tax invoice and resident certificate)
The following information must be visible:
- Name & Last Name. (This must match with Bitkub account's name)
- Address. (Contact address is acceptable)
- Proof of address issuance date. (This must show the issue date within the last 3 months)
2. Bank Statement (Required)
The following information must be visible:
- Bank Name.
- Bank Account Name. (This must match with Bitkub account's name)
- Bank Statement must show at least 30-90days latest transaction and it must show the whole month of transaction balances.
- The balance should have the remaining balance of at least 200,000 baht per day.
- Bank statement can be from any bank apart from your submitted bank with Bitkub.
What are Level 2 criteria?
- The amount you will receive is determined by the average ending balance of every day from your bank statement. We calculate from the ending balance of every day divided by the number of days (30, 60, or 90 days) you send the document to get the average. We also combine it with the asset value in your Bitkub wallet. Both THB amount and the coins must be at least 500,000 THB when combined in order to be approved for KYC Level 2.
(Average daily balance in your bank account + the asset value of your Bitkub wallet)
Maximum Daily Limit 0 - 500,000 Baht Old Limit 500,000 - 2,000,000 Baht 2,500,000 Baht 2,000,0000 - 3,000,000 Baht 5,000,000 Baht 3,000,000 - 3,500,000 Baht 7,500,000 Baht 3,500,000 - 4,000,000 Baht 10,000,000 Baht 4,000,000 - 7,000,000 Baht 15,000,000 Baht 7,000,000 - 15,000,000 Baht 20,000,000 Baht 15,000,000 - 20,000,000 Baht 30,000,000 Baht Over 20,000,000 Baht 50,000,000 Baht
Mr. A assets in Bitkub wallet can be divided into:
- THB amount 300,000
- Digital assets value 200,000 THB (All coins holding converted the value into THB using the rate when the KYC is verified)
Mr. A's 30-day bank statement has the details as follows:
The ending balance of every day / The number of days + The total value of assets in Bitkub wallet = Total amount of assets holding
60,500,000 / 30 + 500,000 = 2,516,666 THB
Thus, Mr. A will have a daily limit of 5,000,000 THB when passing Level 2 verification.
- The criteria for consideration may be adjusted according to company policy without prior notice.
- If there's no activity on your account, the ending balance will be calculated from the total balance of the last day of your account activity.
How to Verification KYC Level 2
1. Log in to Bitkub.com
2. From the Homepage:
- Click the USER icon at the upper right portion of the screen.
- Then on the dropdown options, choose SETTINGS
3. From the SETTINGS page you will see your current KYC Level. Below that, there is a box that will show your current Daily Limit. Tap NEXT to begin the KYC Level 2 Verification.
4. Then click BEGIN VERIFICATION.
5. Upload required documents.
6. When you're done filling in the information, click Next.
Upon completion of the process, you will see a message. "In process" then pending, which can take up to 30 days.
Bitkub App: Account Verification KYC Level 2
1. Open your Bitkub App. Then tap on Setting.
2. Tap "Change of Credit Limit" to proceed to the next step.
3. Tap continue and follow the instructions provided below.
a. Please make sure to upload a valid document for your proof of address.
***To see the list of accepted documents, please click Accepted Documents***
b. Please make sure to upload a 3-months/90 days bank statement. If requirements are not met, they will be rejected.
***You may check the How to Decrypt a File as guide***
c. Once done, tap Submit.
4. Tap Go to Dashboard to go back to your Homepage. Please allow us 30 days to process your request.
The instruction provided below are the steps on how you can get your Bitkub account upgraded to KYC Level 2 in which you can unlock:
- 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 : value 1,250,000 - 50,000,000 THB/day
**Remark: Users' density may affect the verification service process time.