Why do I need to verify my account?

Securing Your Trading: The Importance of Verifying Your X4T Account

Verifying your account on X4T is an important security measure that helps to protect both you and the exchange. Here are a few reasons why it's important to verify your account:


Anti-money laundering (AML) and Know Your Customer (KYC) regulations: Most countries have laws in place to prevent money laundering and other illicit activities through financial institutions. By verifying your identity, we are able to comply with these regulations and ensure that X4T is not being used for illegal purposes.


Protecting your funds: Verifying your account adds an extra layer of security to your account. It helps to ensure that only you have access to your funds and that they cannot be accessed by unauthorized parties.


Limits: Unverified users can only deposit, withdraw and swap crypto while verified users can also do that with cash and bank transfers


In summary, verifying your account on a crypto exchange helps to protect both you and the exchange, and also gives you access to additional features and benefits.

Updated on: 30/07/2024