Bitget To Introduce Mandatory KYC Requirements For Enhanced Security And Compliance


VICTORIA, Seychelles, August 22, 2023 — Bitget, top cryptocurrency derivatives and copy trading platform, has announced mandatory Know Your Customer (KYC) requirements coming into effect starting September 1, 2023. Under updated rules, all new users will be required to complete KYC verification upon registration. Existing clients who have not yet completed KYC will have a grace period until September 30.
The KYC requirements aim to improve security compliance for traders on the Bitget exchange. The compliance team will use KYC information to identify customers and analyze risk profiles, as KYC procedures help prevent money laundering and financing of illegal activities per global and regional financial regulations.
Bitget will employ Level 1 and Level 2 KYC verifications, granting access to a range of services including earning, spot trading, futures trading, copy trading, and launchpad. From September 1, all new sign-ups will be required to complete Level 1 KYC to access Bitget services. For users who registered prior to September 1, this period will be extended until October 1. If failing to undergo the verification process before October, they will have their options limited to only withdraw, cancel orders, redeem subscriptions, and close positions, with restrictions on creating new trades.
Non-KYC users will be restricted to conduct any transactions or operations on Bitget, with the withdrawal feature as the only exception. By complying with AML and KYC regulations, Bitget demonstrates a commitment to transparency that builds confidence with partners, aligning with global regulatory standards.
“Bitget is further embracing compliance trends to protect our users. We believe introducing mandatory KYC will strengthen security for the benefit of users and reduce the risk of breaches. These requirements align with standard financial legislation that we must follow as a comprehensive financial services platform. By verifying identities, we reinforce our commitment to provide a secure trading environment for loyal customers who value compliance as much as we do,” said Gracy Chen, Managing Director of Bitget.
The introduction of KYC requirements exemplifies Bitget's commitment to providing regulated and secured service, embracing compliance trends. The exchange is already a registered Virtual Asset Service Provider (VASP) in Poland and has completed similar procedures in Lithuania. Looking ahead, Bitget plans to double its efforts on compliance to instil further trust and confidence from users worldwide.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange that offers Copy Trading services as one of its key features. Serving over 20 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
- Press releaseBitget Turns 7, Coining the ‘Universal Exchange’ as the Next Generation of Exchanges Victoria, Seychelles, 16th September 2025 – Bitget, the world’s largest Universal Exchange (UEX), is proud to celebrate its 7th anniversary with the theme of #GearUpTo7, kickstarting a new era of integrated finance. Over the past seven years, strategic partnerships, community initiatives, and steady business growth have driven Bitget’s global expansion. Collaborations with legendary Messi, Juventus FC, MotoGP, LaLiga, and the UNTOLD music festival have extended Bitget’
2025-09-16
- Press releaseBitget Opens 2026 Graduate Program to Build the Next Billion MindsVictoria, Seychelles, 15 September 2025—Bitget, the world’s leading cryptocurrency exchange and Web3 company, is opening applications for its 2026 Graduate Program, a global track under Bitget’s Blockchain4Youth initiative, recruiting next-generation talent from top universities and placing them directly into real Web3 workstreams. The timeline is quick: applications open today, interviews begin in October, offers are delivered in December, and onboarding starts in 2026. Graduates will rotate a
2025-09-15
- Press releaseBitget Announces Smart Awards 2025 to Honor Top Trading Talent Victoria, Seychelles, September 12, 2025 — Bitget, the world’s leading cryptocurrency exchange and Web3 Company, is set to host the Smart Awards 2025 on September 25, marking the third edition of its prestigious trader recognition ceremony. The ceremony coincides with the platform’s 7th anniversary, where outstanding traders who have achieved remarkable performance, driven impactful innovations, and contributed significantly to the evolving crypto ecosystem will be rewarded. This year’s Smart A
2025-09-12