KYC Verification and Account Limits WEEX
WEEX Overview: Core Features and Platform Basics
WEEX is a cryptocurrency exchange offering services for trading various digital assets. This overview aims to provide a beginner-friendly introduction to its core features, operational specifics, and requirements like Know Your Customer (KYC) verification.
Core features typically include spot trading, derivatives trading (such as futures), and various methods for funding and withdrawing assets.
Fees Structure
Like most exchanges, WEEX utilizes a tiered fee structure, often distinguishing between trading fees (maker/taker) and withdrawal fees. Fees are generally dependent on the user's 30-day trading volume and the amount of the exchange's native token held.
Supported Assets
WEEX supports a range of cryptocurrencies for trading. Users can typically find major assets like Bitcoin (BTC) and Ethereum (ETH), alongside various altcoins, depending on the exchange's current listings. A comprehensive list is usually available on the platform itself or in related documentation.
Spot and Futures Trading
WEEX facilitates trading across two primary markets:
- Spot market: Direct buying and selling of cryptocurrency assets for immediate delivery.
- Futures contract: Derivative contracts allowing users to speculate on the future price of an asset without owning the underlying asset. Trading futures contracts often involves leverage. For detailed guidance, refer to the Step-by-Step Guide to Trading Bitcoin and Ethereum Futures. Understanding the impact of funding rates is also crucial when trading futures: The Role of Funding Rates in Crypto Futures: Tools for Identifying Overbought and Oversold Conditions. Note that futures markets operate on specific schedules: Understanding Futures Trading Hours and Their Impact.
Order Types
The platform supports standard order types to manage trades effectively:
| Order Type | Description |
|---|---|
| Limit order | An order to buy or sell at a specified price or better. |
| Market order | An order to buy or sell immediately at the best available current price. |
| Stop Orders | Orders triggered only when a specific price level is reached (e.g., Stop-Loss). |
Liquidity and Markets
Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price. High liquidity is generally desirable as it results in tighter spreads and better execution prices when interacting with the Order book. Users should assess the depth of the order book for the pairs they intend to trade.
Security Practices
Exchanges implement various security measures to protect user funds and data. Common practices include:
- Two-Factor Authentication (2FA)
- Cold storage solutions for the majority of client assets
- Encryption for sensitive data
KYC Verification and Account Limits
KYC (Know Your Customer) verification is a standard procedure mandated by regulatory compliance requirements. At WEEX, completing KYC typically involves submitting personal identification documents.
The level of KYC completed directly correlates with account limits, such as daily or monthly withdrawal caps. Unverified accounts usually have very low or zero withdrawal limits, whereas fully verified accounts benefit from significantly higher limits. Users interested in higher trading volumes or withdrawal amounts must complete the necessary KYC steps.
To begin using the platform, you can Register here.
Funding and Withdrawals
Users fund their accounts typically via cryptocurrency deposits or potentially fiat on-ramps, depending on regional availability. Withdrawals follow a similar process, subject to network confirmation times and the KYC-based withdrawal limits mentioned above.
Mobile and Web User Experience (UX)
WEEX provides access through both a web-based interface and dedicated mobile applications (iOS/Android). A good UX ensures intuitive navigation, fast order entry, and clear display of portfolio balances and market data across all devices.
Risks and Responsible Trading
Cryptocurrency trading, especially with leverage in the futures market, carries a high degree of risk and is not suitable for all investors. Users should only invest capital they can afford to lose and must fully understand the mechanics of the products they trade. Responsible trading includes setting stop-loss orders and avoiding over-leveraging.
First Steps Checklist
To start trading on WEEX:
- Complete account registration Register here.
- Enable Two-Factor Authentication (2FA) for account security.
- Complete the required level of KYC verification to unlock higher limits.
- Deposit supported cryptocurrency assets.
- Familiarize yourself with the Spot market or Futures contract interface.
- Place your first Limit order or Market order.
See also (on this site)
- WEEX Supported Cryptocurrencies List
- Assessing Liquidity on the WEEX Platform
- Top Security Measures at WEEX Exchange
- Depositing and Withdrawing Funds on WEEX
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Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
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