1. What is KYC Verification?
KYC stands for "Know Your Customer." It refers to a process of verifying a customer's identity, often through real-name authentication.
2. Why is KYC Verification Important?
- It enhances the security of your assets.
- Completing different levels of KYC unlocks access to various trading permissions and financial services.
- KYC verification increases the single transaction withdrawal limit.
- Verified users may receive greater benefits such as futures trial funds.
3. Types of KYC Verification at Coinstore
Coinstore offers two levels of KYC: Basic KYC and Advanced KYC. The table below shows the differences:
Category |
Unverified KYC |
Basic KYC |
Advanced KYC |
Limit for each withdrawal |
2,000 USDT |
4,000 USDT |
50,000 USDT |
Cumulative limit for each single day |
6,000 USDT |
10,000 USDT |
300,000 USDT |
Cumulative limit in all currencies for each single day |
1,000,000 USDT |
1,000,000 USDT |
100,000,000 USDT |
Amount available for each withdrawal |
2,000 USDT |
4,000 USDT |
50,000 USDT |
Cumulative amount available for each single day |
6,000 USDT |
10,000 USDT |
300,000 USDT |
Cumulative amount in all currencies available for each single day |
1,000,000 USDT |
1,000,000 USDT |
100,000,000 USDT |
4. How to Complete KYC Verification
4.1 On the Website – Basic KYC
1. Log in to the official Coinstore website. Click the user icon in the top-right corner and select Account Security.
2. Click [Go KYC] to begin verification.
3. On the Basic KYC page, enter your country/region (where your document is issued), full name, and ID number.
4. Click [Submit] when done. You will receive results within 24 hours.
4.2 On the Website – Advanced KYC
1. Log in to the official Coinstore website. Click the user icon in the top-right corner and select [Account Security].
2. Click [Advanced KYC].
3. Upload the following photos:
- Government-Issued Photo ID
- Handheld Document Photo
4. Please review the following conditions and notes carefully when uploading images. Verification may be rejected if conditions are not met.
Government-Issued Photo ID
- Provide a clear, close-up photo of a valid government-issued identification document.
- Ensure the document number matches the information provided in KYC1.
- All four corners of the ID must be visible in the photo.
- The photo should display the side of the ID with your facial image.
- Use PNG, JPEG, or JPG under 20 MB.
Handheld Document Photo
- Hold your government-issued ID in one hand.
- In your other hand, hold a piece of paper with the following handwritten information:
- Ensure your full face and the handwriting on the paper are clearly visible in the photo.
- Handwriting should be legible and easy to read.
- Use PNG, JPEG, or JPG under 20 MB.
5. Click [Submit] when finished. Verification results will be available within 24 hours.
4.3 On the App – Basic KYC
1. Log in to the Coinstore app. Tap the user icon in the top-left corner.
2. Tap the arrow next to your account info.
3. Tap [KYC].
4. Enter your country/region, name, and ID number.
5. Click [Submit]. Results will be available within 24 hours.
4.4 On the App – Advanced KYC
1. Log in to the Coinstore app. Tap the user icon in the top-left corner.
2. Tap the arrow next to your account info.
3. Tap [Advanced KYC].
4. Upload the following photos:
- Government-Issued Photo ID
- Handheld Document Photo
5. Please review the following conditions and notes carefully when uploading images. Verification may be rejected if conditions are not met.
Government-Issued Photo ID
- Provide a clear, close-up photo of a valid government-issued identification document.
- Ensure the document number matches the information provided in KYC1.
- All four corners of the ID must be visible in the photo.
- The photo should display the side of the ID with your facial image.
- Use PNG, JPEG, or JPG under 20 MB.
Handheld Document Photo
- Hold your government-issued ID in one hand.
- In your other hand, hold a piece of paper with the following handwritten information:
- Ensure your full face and the handwriting on the paper are clearly visible in the photo.
- Handwriting should be legible and easy to read.
-
Use PNG, JPEG, or JPG under 20 MB.
6. Click [Submit] when finished. Verification results will be available within 24 hours.
Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consultancy, or any other related services, nor is it advice to purchase, sell, or hold any assets. The Coinstore Learn provides information for reference purposes only and does not constitute any investment advice. Please ensure a thorough understanding of the risks involved and invest cautiously. All user investment activities are unrelated to this platform.