Understanding KYC In Crypto: How To Complete KYC On BTCC

In recent years, as cryptocurrencies have grown in popularity and adoption, an increasing number of savvy investors have shifted their focus to crypto trading. Typically, traders buy or sell cryptocurrencies through an exchange. To protect users’ assets, most crypto exchanges require users to complete a Know Your Customer (KYC) process when registering.

BTCC, one of the world’s longest-serving crypto exchanges, boasts an excellent security reputation, having reported zero security incidents since its inception. Notably, BTCC implements a compulsory KYC process.

In this article, we will provide detailed guidance on how to complete the KYC process on BTCC, thus ensuring BTCC’s users get off to a safe start on their crypto trading journey.

Table of Contents

• What is KYC in Crypto?
• Why is KYC Important in Crypto?
• Are There any Crypto Exchanges Without KYC?
• Is It Legit to Use Non-KYC Exchanges?
• Does BTCC Require KYC?
• How to Complete KYC On BTCC: A Step-by-Step Guide
• Conclusion

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What is KYC in Crypto?

KYC (Know Your Customer) refers to the series of processes that financial institutions, banks and exchanges must undertake to properly assess the risk posed by a customer. Financial institutions must understand the purpose of customer registration and conduct KYC procedures when providing services.

In the cryptocurrency sector, KYC is the main tool used by Virtual Asset Service Providers (VASPs), such as exchanges and custodial wallet providers, to prevent criminal activities such as money laundering, financing terrorism, fraud and evading sanctions in the cryptocurrency ecosystem.

In practice, this means that a crypto exchange, broker or wallet provider will collect personal information and documents from users to confirm their identity. Although cryptocurrency was primarily built on pseudonymity, global regulators such as the Financial Action Task Force (FATF) have made it abundantly clear that if money is being moved, it is essential to know who is behind the transaction.

For crypto exchanges, conducting KYC is crucial in order to provide users with a safe and secure trading environment and ensure the security of their accounts. The process generally involves the crypto exchange obtaining customer information, including: Name, date of birth, national ID (passport, driving licence, national identity number or other government-approved IDs) and address.

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Why is KYC Important in Crypto?

In recent years, frequent fraud and theft incidents have occurred in cryptocurrency trading, alongside illegal activities such as fundraising, money laundering and drug trafficking involving cryptocurrency. Consequently, KYC has gradually become a mandatory requirement for cryptocurrency exchanges, promoted by governments and financial regulators.

Despite the operational adjustments and obstacles that arise when implementing KYC standards, cryptocurrency exchanges benefit significantly from regulatory compliance for the following reasons:

Reduced legal risk

As legal requirements evolve, robust KYC processes will help businesses stay one step ahead. KYC methods enable VASPs to prevent or limit instances of fake identities, prevent money laundering and assess customer risk. This is achieved by requiring government-issued identification and identifying financial history and assets. These steps enable businesses to mitigate legal and regulatory risks, allowing them to focus on enhancing conversion rates, accelerating transactions and ensuring compliance.

Increased transparency and trust among customers

Verifying user identities increases transparency and builds customer trust. When users feel confident that their cryptocurrency exchange is taking proactive and preventive measures to protect their accounts, they are more likely to continue using the service.

Increased market stability

The cryptocurrency market is notoriously volatile due to suspicious and anonymous transactions. KYC programmes featuring increased identity verification contribute to the market’s overall stability and value growth.

Less money laundering and scams

KYC in the crypto industry is extremely important for preventing criminal activities such as money laundering and terrorist financing, and for protecting users from exploitation. Individuals using crypto platforms that require KYC processes can be confident that they are transacting with legitimate users and not criminals.

Are There any Crypto Exchanges Without KYC?

Yes, some cryptocurrency exchanges still operate without requiring Know Your Customer (KYC) verification. However, such platforms are becoming increasingly rare as global regulations tighten in response to rising financial crimes and concerns over illicit activities.

Decentralized exchanges (DEXs) like Uniswap and PancakeSwap remain the primary option for users seeking to trade without KYC verification. These platforms allow direct peer-to-peer transactions from personal wallets without requiring any personal information. Since they operate without a central authority, there is no entity enforcing identity verification.

Some centralized exchanges (CEXs) offer limited services without KYC, often imposing transaction caps to comply with regulations. While this may be convenient for users making small transactions, full verification is typically required for higher trading volumes, withdrawals, or access to advanced features.

However, regulatory pressures are forcing even previously non-KYC platforms to adopt stricter compliance measures. For example, in May 2024, Bybit implemented mandatory KYC verification for all users, reflecting a broader industry trend toward enhanced oversight.

While non-KYC exchanges offer more privacy, they come with significant risks. These platforms often lack regulatory oversight, licenses, and consumer protection measures, making them more vulnerable to hacks, fraud, and operational failures. If an unregulated exchange collapses, goes bankrupt, or suffers a security breach, users may lose their funds permanently with little to no recourse. When you select a best non-KYC exchange, conducting thorough research, selecting reputable platforms, and exercising caution are essential to safeguarding your assets.

Related Article: Best Non KYC Crypto Exchanges For 2026

Is It Legit to Use Non-KYC Exchanges?

Using non-KYC crypto exchanges isn’t illegal in most jurisdictions, but the legality of doing so varies significantly from country to country. Some countries have unclear regulations surrounding anonymous trading, while others actively restrict or ban such platforms. The greater legal concern usually relates to tax reporting obligations and AML compliance rather than the act of trading itself. You should always research your local laws and consider consulting legal professionals for guidance on your specific situation.

Does BTCC Require KYC?

To enhance security and comply with regulatory requirements, BTCC mandates KYC verification for the deposit and withdrawal of fiat currency, as well as for accessing higher withdrawal limits. During the KYC procedure, users are required to submit valid identification documents along with a facial recognition scan.

While it is possible to use BTCC platform without completing KYC process, your daily withdrawal limit will be restricted. By verifying your identity, you unlock a higher limit of up to 1,000,000 USDT per day and gain access to exclusive platform campaigns that allow you to earn additional bonuses and rewards.

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How to Complete KYC On BTCC: A Step-by-Step Guide

On BTCC, users are strongly recommended to complete KYC to ensure a safe trading  environment. At present, BTCC’s KYC process includes two levels: identity document verification and facial verification. Notably, users must finish the identity document verification first before proceeding to the facial verification.

Next, we will provide a step-by-step guide for how to complete KYC on BTCC exchange.

Step 1: go to the  BTCC official homepage and log in to your BTCC account. If you do not have an account, you need to register  first.

Step 2: after registration, click on the profile icon on the right side of the navigation bar, then click on Identity verification page.

Step 3: tap Start verification in Identity document part to begin the verification process.

Step 4: Select your current residence countries, then tap Continue and select the document issuing country as well as the document type. Then take a picture of the document and upload it.

Step 5: after uploading the picture, tap Got it to return to the Account Settings page. During the verification process, the identity verification status will be shown as ‘Verifying ID’. Please wait while the system processes the verification.

When the status updates to ‘Facial Verification Not Completed,’ it indicates that your identity document verification process has been successfully completed. By tapping on ‘Identity Verification,’ you will gain access to view all the privileges available to you at the identity document verified level.

Facial Verification

After you have completed the identity document verification, you may continue to begin the facial verification process.

Step 1: tap Identity Verification on the Account Settings page. Then scroll down to the bottom, and you will see the part on Facial Verification. Tap Unverified to proceed with the facial verification.

Step 2: On the facial verification page, tap Continue and take a selfie. Please make sure that you position your face within the frame and follow the instructions.

Step 3: After capturing a selfie, you will see that your photograph is undergoing verification, a process that will take only a matter of seconds to finalize. Kindly tap ‘Got it‘ to revert back to your Account Settings page. Throughout the facial verification procedure, the status will be displayed as ‘Facial Verification in Progress‘.

Step 4: Once the status updates to ‘Verified’, it means you have completed all verification processes. Tap Identity Verification, and you will be able to see the benefits of a fully verified account.

That is all the information and guidance about how to complete KYC process on BTCC. If you are interested, start your crypto trading journey by starting from finishing KYC process on BTCC!

Conclusion

KYC is essential in the crypto space because it verifies users’ identities and helps to prevent fraud, money laundering and other financial crimes. Completing KYC is crucial for safeguarding your account and increasing your withdrawal limit.

BTCC is a trusted and well-respected exchange thanks to its commitment to security and transparency. Since its establishment in 2011, BTCC has boasted an impeccable security track record with no reported hacks or breaches.

To start your crypto trading journey safely, register with BTCC now to receive welcome rewards of up to 30,000 USDT!