Verification of your account is not mandatory to trade or transact cryptocurrencies on Bitfinex. Yet having your account verified can have multiple benefits:
- Account verification unlocks fiat wire deposits and withdrawals. Bitfinex supports fiat currencies such as USD/EUR/GBP/JPY. The minimum deposits and withdrawals is a limit of 10,000 USD/EUR/GBP and 100,000 JPY.
- Tether USD, Tether EUR, USDC, True USD, Paxos, and Gemini USD are supported on Bitfinex with only verified users accessing deposit and withdraw of these stable coins.
- As time is a critical component in trading, verified users are granted fewer confirmations when depositing cryptocurrencies.
- Verified users are able to request withdrawal and/or order hold lifted before hold expiry, by contacting our support staff.
If you have any questions regarding account verification, please contact us at support.