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WhiteBIT launches updated KYC process, making transparency and security core principles

WhiteBIT launches updated KYC process, making transparency and security core principles
WhiteBIT updates KYC and security policies

WhiteBIT announced that transparency, security, and customer service are being established as core operational principles, highlighting changes such as an updated mandatory KYC process and enhanced user verification requirements to support regulatory compliance and service improvements.

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WhiteBIT has disclosed that transparency, security, and customer service are now positioned as foundational operational principles rather than as competitive advantages. This update corresponds to the announcement of a revised, mandatory identity verification (KYC) process for all users, effective June 30, 2026, linked to the establishment of a Swiss legal entity (WB Technologies AG). The new verification process includes biometric identification, NFC-based document scanning, risk profiling, address proof submission, and a transition period for users to adapt. WhiteBIT states these measures are intended to ensure regulatory compliance, clarify user expectations, and reinforce security and service processes across its platform.

WhiteBIT is a cryptocurrency exchange platform offering a range of trading options, including spot, margin (up to 1:10 leverage), and futures trading (up to 1:100 leverage), as well as simplified trades for beginners. The exchange supports a wide selection of cryptocurrencies and fiat currencies, provides fixed trading commissions, a TradingView-powered terminal, a crypto lending service, and standard security measures. More information about WhiteBIT's features and conditions can be found in the broker profile on Traders Union.

For more context, see our coverage of WhiteBIT’s recent YNG token campaign, which offered a prize pool for users engaging in the listing event and community activities—details are available in the previous WhiteBIT update on Traders Union.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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