FTX User Guide: Institutional Account KYC

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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.

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Step 2 - Select “institutional” verification type

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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.

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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.

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Step 5 - Submit Information
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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.

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