IDEX KYC Transition Period and Updated Asset Availability for US Markets Set to Begin

Alex Wearn
Jul 17, 2019 · 4 min read

We previously announced our intention to incorporate KYC and AML compliance policies into the IDEX platform. Today we’re ready to share that current and new IDEX users will be able to create accounts and get verified for KYC starting Wednesday, July 24, 2019. As part of our continued commitment to compliance and security, IDEX will also begin limiting access to certain assets for US customers in the coming weeks.

The support of our community has been vital to us from the start, so it’s our goal that the rollout of KYC and the changes to our available assets for US customers will cause as little disruption as possible to the community’s trading and withdrawals.

July 24 Starts a 30-Day Transition Period

During this transition period, we encourage everyone to create an account and get verified as soon as possible, but it won’t be required. This approach is designed to give you as much time as you need to complete our quick and easy verification without impacting your ability to trade or withdraw amounts up to $5,000 USD per day.

The transition period will end on August 23, 2019, at which time trading and withdrawals through IDEX will only be available for those who have created an account and completed Tier 1 or Tier 2 verification.

Verification Tiers and Requirements

Tier 1 Verification — After creating an account with a valid email address, you will be asked to provide your name, date of birth and country. Once the information is submitted, verification is instant, and you will be approved for unlimited trades and withdrawals of up to $5,000 USD per day.

Tier 2 Verification — For users who want to withdraw more than $5,000 USD per day, you will be asked to provide your address, a passport (or other approved ID), and a selfie. Once the information is submitted, verification can take as little as 30 seconds, and then you will be approved for unlimited trades and unlimited withdrawals.

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Updated Asset Availability for US Markets

List of assets available for US customers:

Note: Due to project and policy variability, this list is subject to change.

IDEX, IDXM, SENT, QNT, WHEN, TFB, BAT, CVC, REP, ZRX, LINK, LOOM, DAI, SNT, STORJ, WBTC, USDC, TUSD

Looking to the Future

As an added bonus, the launch of accounts means we will finally get to know our customers — i.e., you — better. We’ll more easily be able to launch requested features, and we’ll finally be able to get in touch to share product notifications, asset updates, and essential alerts to help you stay on top of your trading.

If you have any ideas or suggestions, please let us know. We are eagerly listening. It is our vision to see cryptocurrency flourish as a true currency, and we can’t get there without your continued support. We look forward to meeting you!

-Your IDEX Team

IDEX

#1 DEX on Ethereum

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