Does BingX require verification?

I'm curious about the verification process for BingX. Could you tell me if it's a mandatory step for users to go through? I've heard that some platforms require identity verification for security reasons, so I'm wondering if BingX follows a similar protocol. Is the verification process quick and easy, or does it involve a lot of paperwork? Additionally, what kind of information does BingX need from its users during the verification process? Lastly, are there any potential drawbacks or limitations to going through the verification process on BingX?