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

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.