June 17th Why Bitfinex’s KYC process sets the gold standard for the crypto industry

Do you lend you money to a stranger who emailed you from Blue?

that’s right.

But that’s the reality of the internet in 2025. Every day you deal with people you have never met from every corner of the world. Many are legal. Some people know exactly how to hide behind layers of fake information.

In fact, as Bitrace Crypto Crime Report 2025 points out, crypto-related losses are already at the top $505 million this year63% are tied to phishing, lag pull and social engineering for hacking and the rest. Many of these crimes share one thing in common. They exploit the fact that they know or do not exist on the customer (KYC) process on a platform where compliance is not a priority.

Bitfinex not only follows global compliance standards, Sets the gold standard. The KYC process is designed to protect users, prevent fraud and ensure long-term access to a mature financial system.

At Bitfinex, KYC is the backbone of trust. All strangers are verified here. Thousands have gone through our verification process just like you. Everything to protect you!

Bitfinex verifies all strangers

KYC is not about deficits. It’s about responsibility. Without it, criminals could slip through the cracks using Throway Accounts as LaunchPads for money laundering and fraud.

While some platforms boast “instant access” or “no KYC required,” the underlying reality is that users are at high risk and conversions for revenue are often high. When combined with high-stakes trading competitions, generous bonuses, and a fast tracking KYC process that prioritizes speed over thoroughness, the heavy hype (often not ignored) list is all part of the drive for large-scale acquisitions.

According to a 2020 survey by blockchain analytics firm Cyphertrace, in 2019, roughly 56% of crypto exchanges still had KYC. That same year, the criminal did the laundry Estimated $3.38 billion Bitcoin and other cryptocurrencies

Many exchanges often prioritize fast user acquisition and retail volume at every cost, at the expense of safety. Bitfinex is always choosing the route of longevity, transparency and compliance.

Does everyone trust a bank that has allowed millions of people to move without checking who they are? We don’t do that either.

Whether it’s a bank, intermediary, or crypto exchange, all trusted financial platforms require identity verification. This is the standard for the best financial practices. Bitfinex has set the same financial standards for crypto exchanges.

This is how strong KYC looks like

The Bitfinex process is clear and structured, but intentionally thorough.

• Basics and verification
  Upload your ID, check your address and phone number, and take a quick selfie.
  This gives you access to crypto deposits, withdrawals, and spot transactions.
• Interim verification
  Add a second ID, proof of address and fill in a short financial format.
  Perfect for when you want a higher limit or unlock a margin transaction.
• Complete verification
  Include a bank statement and some additional details.
  This is necessary if you want to deposit or withdraw Fiat.

This is bank grade onboardingbillions are built for users who travel daily and operate in a market where security is not an option.

Like trusted financial institutions, they don’t offer sophisticated tools or global liquidity to anyone without checking who is behind the screen.

A platform worthy of professional traders

Celebrating her as she is registered with the British Virgin Islands (BVI). Original Bitcoin exchange As our heritage, Bitfinex has been serving professional traders and institutions since 2012. That legacy is not built on hype. It is built on trust. It happened because security, regulations and infrastructure were taken seriously long before it became industry standards.

Today, I’m pretty much holding Bitfinex 403,000 BTCit’s worth it $47 billionI’ll make it The second largest bitcoin reserve In a central exchange. This is a signal that the largest holders of the space continue to choose Bitfinex to move, manage and protect large capital.

On-chain data confirms Bitfinex’s appeal to whales containing a $400 million ETH transfer From two dormant wallets for 2024. These are long-term actors who choose infrastructure built for serious capital.

The KYC process is intentionally strict to ensure that not only meets global regulatory standards, but also ensures that all customers on the platform are protected. The KYC process is refined, audited and stress-tested to meet where the industry is, as well as where it is headed.

And that’s why Bitfinex continues to attract The most serious participants in the spacepeople who think and act intentionally in the long term.

Trust is gained and not fast tracking

The thorough KYC process is a feature and a high bar that we proudly set up. And the foundations of wealth buildings begin with asset security, which is its roots. In Crypto, things built to last, like life, are never easy and are most valuable.

At the end of the day, the platform that takes your identity seriously is Take your assets seriously too.

]]> https://earlybirdsinvest.com/why-bitfinexs-kyc-process-sets-the-gold-standard-for-the-crypto-industry/feed/ 0 42655 https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users-2/ https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users-2/#respond Thu, 29 May 2025 20:56:45 +0000 https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users-2/

May 22nd Simple KYC tips for Bitfinex’s Vietnamese users

Maybe you’ve thought about it before:
“What is KYC? Why do I have to check the hassle? I just want to trade!”

We understand. But do you know? KYC is a passage ticket that helps you enter the world of crypto. Safe, transparent, uninterrupted.

Imagine:
You are ready to join a Super VIP meeting. Everyone is neat and everything works smoothly. But to enter the door, you need to present an invitation – simply Your own safety and system.

So, what is KYC and why is it important?

KYC – Knowing Customers – It is the process of verifying your user ID and guaranteeing you have a trading floor like Bitfinex Real worknot a bot or a scam.

And what’s most important?
Kyc is not for Bitfinex. It’s about protecting yourself.

When verifying your account, you do the following:

• Access advanced features such as affiliate programs and take advantage of up to three classes of friends, transactions to eat roses.
• Protect your assets from bad guys
• Comply with the law and avoid later legal risks

Do you want to load/rescend, participate in a reward campaign or staking?
kyc = You cannot enter a “party”.

KYC for Vietnamese people only hint at 5 minutes

In fact, everyone knows that KYC is necessary, but… I’m lazy and afraid of complexity!

Bitfinex has optimized the verification process for Vietnamese users because it understands you. To verify your account with Bitfinex, you will need the following documentation for each level:

Level 1: Basic Plus

request:

• CCCD or driver’s license (expiration date).
• 大好きです。 .
• Please enter your phone number and address.

Level 2: Intermediate

Add a document proof of your address: Submit one of the following documents:

• Utility invoices for the past three months, such as electricity, water, and the internet, contain names and addresses that match the information provided.

• Local certification through carpentry or tax documents for the past three months.

2. Passport (Passport) If there is:

*Text message if you don’t have a passport Bitfinex Live Chat 24 hours a day, all year round Or send an email compliance@bitfinex.com. Bitfinex supports video verification via Skype (approximately 2 minutes). Users must provide a Skype ID, time frame and time zone.

Level 3: Full

• Bank statements for at least the last three months have a name and address.

Tip:

• Upload high quality documents: Take photos clearly without being blurred or reflected.
• Ensuring accuracy: Please review information that you have entered joint Exactly in your attachments.
• Patience: The review process can take some time, but patience can help you avoid errors that may delay approval.
• Check your account on your mobile phone and take selfies easier.

Instructions step by step:

1. Find the icon Please select as shown below verification.

PC interface Telephone interface

2. Select Account Type verification: Individual
3. Select Verification level I want to upgrade (Basic Plus, intermediate)

Need KYC support?

Experience advanced features from Bitfinex and a true user ID to protect today’s digital assets!

Contribute and improve Bitfinex’s KYC process!

Don’t forget to follow the bitfinex Vietnam Community telegram, Twitter & Facebook To update articles, information and events as soon as possible!

]]> https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users-2/feed/ 0 39033 https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users/ https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users/#respond Fri, 23 May 2025 11:18:54 +0000 https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users/

May 22nd Simple KYC tips for Bitfinex’s Vietnamese users

Maybe you’ve thought about it before:
“What is KYC? Why do I have to check the hassle? I just want to trade!”

We understand. But do you know? KYC is a passage ticket that helps you enter the world of crypto. Safe, transparent, uninterrupted.

Imagine:
You are ready to join a Super VIP meeting. Everyone is neat and everything works smoothly. But to enter the door, you need to present an invitation – simply Your own safety and system.

So, what is KYC and why is it important?

KYC – Knowing Customers – It is the process of verifying your user ID and guaranteeing you have a trading floor like Bitfinex Real worknot a bot or a scam.

And what’s most important?
Kyc is not for Bitfinex. It’s about protecting yourself.

When verifying your account, you do the following:

• Access advanced features such as affiliate programs and take advantage of up to three classes of friends, transactions to eat roses.
• Protect your assets from bad guys
• Comply with the law and avoid later legal risks

Do you want to load/rescend, participate in a reward campaign or staking?
kyc = You cannot enter a “party”.

KYC for Vietnamese people only hint at 5 minutes

In fact, everyone knows that KYC is necessary, but… I’m lazy and afraid of complexity!

Bitfinex has optimized the verification process for Vietnamese users because it understands you. To verify your account with Bitfinex, you will need the following documentation for each level:

Level 1: Basic Plus

request:

• CCCD or driver’s license (expiration date).
• 大好きです。 .
• Please enter your phone number and address.

Level 2: Intermediate

Add a document proof of your address: Submit one of the following documents:

• Utility invoices for the past three months, such as electricity, water, and the internet, contain names and addresses that match the information provided.

• Local certification through carpentry or tax documents for the past three months.

2. Passport (Passport) If there is:

*Text message if you don’t have a passport Bitfinex Live Chat 24 hours a day, all year round Or send an email compliance@bitfinex.com. Bitfinex supports video verification via Skype (approximately 2 minutes). Users must provide a Skype ID, time frame and time zone.

Level 3: Full

• Bank statements for at least the last three months have a name and address.

Tip:

• Upload high quality documents: Take photos clearly without being blurred or reflected.
• Ensuring accuracy: Please review information that you have entered joint Exactly in your attachments.
• Patience: The review process can take some time, but patience can help you avoid errors that may delay approval.
• Check your account on your mobile phone and take selfies easier.

Instructions step by step:

1. Find the icon Please select as shown below verification.

PC interface Telephone interface

2. Select Account Type verification: Individual
3. Select Verification level I want to upgrade (Basic Plus, intermediate)

Need KYC support?

Experience advanced features from Bitfinex and a true user ID to protect today’s digital assets!

Contribute and improve Bitfinex’s KYC process!

Don’t forget to follow the bitfinex Vietnam Community telegram, Twitter & Facebook To update articles, information and events as soon as possible!

]]> https://earlybirdsinvest.com/simple-kyc-tips-for-bitfinexs-vietnamese-users/feed/ 0 37853 https://earlybirdsinvest.com/ftx-payouts-in-jeopardy-2-5-billion-at-risk-over-kyc-delay/ https://earlybirdsinvest.com/ftx-payouts-in-jeopardy-2-5-billion-at-risk-over-kyc-delay/#respond Tue, 08 Apr 2025 07:06:22 +0000 https://earlybirdsinvest.com/ftx-payouts-in-jeopardy-2-5-billion-at-risk-over-kyc-delay/

Many people owed money by FTX may miss out on repayments because they have not completed a required identity check.

Court records show that close to 392,000 former FTX users have not started the Know Your Customer (KYC) process. If they do not act soon, they could lose the chance to claim their share of about $2.5 billion.

Initially, users had until March 3, 2025, to begin the identity verification needed to receive any repayments. A court notice explained that anyone who failed to start the process by that date would lose their claim entirely.

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However, the deadline has been pushed to June 1, 2025, which offers more time for users to complete the required steps.

Smaller claims—those under $50,000—make up around $655 million of the at-risk funds. Larger claims total about $1.9 billion, putting the total amount in danger at more than $2.5 billion.

This comes as FTX prepares its next round of payouts, scheduled for May 30, 2025. Around $11 billion is expected to be returned to those who are fully verified and have claims over $50,000.

Under the exchange’s recovery plan, most users are expected to receive at least 118% of what they initially lost, paid in cash. However, this will only happen for those who meet all the requirements, including KYC.

Meanwhile, Bitget

$6.34B

CEO Gracy Chen recently raised concerns about how Hyperliquid handled suspicious trading activity involving the JELLY token. What did she say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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Bankrupt FTX has received court approval to reject creditor claims from users who failed to begin the Know Your Customer (KYC) process before March 3, 2025.

The April 2 court filing includes 2,378 pages of invalidated claims, representing around 500,000 entries. The court order clearly disallows any claim listed that is not backed by KYC compliance.

According to the filing:

“In accordance with the Order, each claim set forth on Exhibit A attached hereto has been expunged and disallowed in its entirety.”

FTX creditors were previously advised to complete KYC steps to retain eligibility for payouts.

Sunil Kavuri, a known activist for the creditor community, stated on social media that more claims will be removed after June 1 if required documentation remains missing.

He added that the exchange could disqualify up to $655 million in claims under $50,000 and around $1.9 billion in more significant claims if users fail to submit KYC documents.

Another FTX creditor advocate, who goes by the alias “Mr Purple,” shared a slightly different perspective. He noted that out of 457,000 smaller claims, the estimated value stood at $344 million. Based on updated figures, he believes FTX’s total liabilities may drop by roughly $300 million.

FTX bankruptcy process

This update comes just weeks before FTX begins processing repayments for claims exceeding $50,000, scheduled to start on May 30.

The move marks a significant step forward in the lengthy and contentious bankruptcy case that began in November 2022.

Meanwhile, creditors with smaller claims, labeled “convenience claims” by the estate, have already received payments in February.

Backpack, the exchange that acquired FTX’s European unit, has also begun assisting affected users. Former FTX EU customers have been asked to create accounts, submit KYC documents, and link their old claim data to the new platform.

However, the platform has yet to provide a timeline for when it would begin the repayment.

Despite these developments, creditors in countries like China, Russia, Egypt, Nigeria, and Ukraine remain excluded from all distributions.

Mentioned in this article