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KYC Glossary

KYC Levels Explained

Tiered Verification

📖 Definition

Many platforms use tiered KYC levels that unlock different features. Level 1 (Basic) might only require email verification. Level 2 (Intermediate) typically requires ID document upload. Level 3 (Advanced) may require proof of address, source of funds, or video verification. Higher levels usually unlock higher withdrawal limits and more features.

🏢 Where You Will See This

Binance, Kraken, most crypto exchanges

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