FTX User Guide: Institutional Account KYC

Welcome to FTX User Guide. In this article, we will show you how to complete your institutional KYC registration on your FTX account.

Step 1 - Log into your FTX account

Start by visiting www.ftx.com.
Register a new account or log in to an existing account.

Step 2 - Select “institutional” verification type

Step 3 - Enter your entity’s information

Full legal entity name.
Principal place of trading activities on FTX.
Country of jurisdiction.
Proof of address of the ultimate beneficial owner (UBO)/director.
Taxpayer identification number.
Description of business.
Description of the source of the entity’s assets.

Step 4 - Submit your entity’s documents

Proof of ownership.
Entity formation documents.
Operating agreement or articles of association.
Proof of source of funds.
Additional documents.
List of all executive officers and directors.
List of all individuals and entities who, directly or indirectly, beneficially own or control 10% or more of the equity interests in the company.
Passports of all officers, directors, and beneficial owners.
Bank statement and bank name.

Step 5 - Submit Information

KYC is a standard compliance procedure required by the legal authorities when opening an account. There are three different KYC levels.

Please see below for a summary of the different levels of KYC:

Level	Requirements	Limits
unverified	Email Check for restricted jurisdictions	No ability to trade, deposit, or withdraw; just to explore the site.
1	Email Full Legal Name Date of Birth Country of residence and region/province Check for restricted jurisdictions Phone jurisdiction	USD $2,000 or equivalent limit in daily crypto-only withdrawals. No crypto deposit limit. Enhanced diligence may be required. May not be able to trade futures.
2	Full Legal name Date of birth Address Proof of Address / phone jurisdiction Description of source assets Passport or other similar government issued identification Facial verification	Unlimited crypto and fiat deposits & withdrawals.

After submitting your KYC documents, registration may take 24 hours to a week to be verified. Additional information might be requested on a case-by-case basis.

Congratulations! Your institutional KYC registration is now complete. In our next article, we will go through how to set up your two-factor authentication. An important security feature recommended for all FTX users.

browse

Was this article helpful?