Mandatory level one authentication in OKX exchange; What is the story about?

Over the past few hours, some Iranian traders of the “OKX” digital currency exchange have claimed on Twitter that when withdrawing from their account, they encountered a message requiring Level 1 authentication on this platform; without having previously received a message to notify in this regard. But what is the story and will users have a limit to withdraw their assets?

Aruzdigital’s investigations show that OKX has published a post on its website about level one authentication, the date of which was last updated on December 19, and in which it is said that the exchange requires traders to provide this authentication when performing certain activities. to do

The main concern of Iranian OKX users, however, is that they will face difficulties in withdrawing their assets. However, some users have reported that after encountering the request for level one authentication in this exchange, they entered false information and OKX also made their account for level one without asking for more documents such as an ID card image, passport or… has been confirmed and they have succeeded in withdrawing their assets.

As it can be seen from the OKX website, there is no need to provide an image of the identification documents for level one authentication and the only things that are asked from the user are the name, surname, nationality and the number of one of the identification documents, such as the national code. User reports also show that OKX does not validate the information received by users at this stage and any response provided by the user is accepted.

For example, one of the users of this exchange on Twitter said At this stage, he entered another country instead of Iran (the name of Iran is not among the countries accepted by OKX) and instead of the identification number, he entered his real national code and he did not have any problems with withdrawing his assets.

Some older OKX users they say Level 1 authentication has been mandatory on this platform for years, and this requirement is nothing new. However, in general, the activity of Iranian users in international exchanges It comes with risks And there is always a possibility that due to legal pressure from OKX or other exchanges, like what happened with Binance, they will require authentication and provide identification documents on their platform.