Complete Guide: How to Pass Bitfinex Account Verification in 7 Steps

Choosing a reliable cryptocurrency exchange isn't just about convenience—it's about protecting your assets. In the crypto world, we've all heard horror stories about exchange hacks, and what matters most is how platforms respond when things go wrong. Some exchanges take responsibility and compensate users, while others simply vanish overnight.

Take the recent case of Japan's BITPoint exchange hack that forced Taiwan's BITPoint to shut down completely, leaving users' assets locked up indefinitely. These incidents remind us why selecting the right exchange matters so much.

Bitfinex, established in 2012, has proven its commitment to users. Back in 2016, hackers stole over $65 million worth of Bitcoin, and users lost an average of 36% of their funds. But here's what sets Bitfinex apart: they chose to compensate users gradually using their operational profits. Since then, no major security incidents have occurred.

Why Bother with KYC Verification?

Many traders skip KYC verification thinking it's too complicated, but you're actually missing out on some crucial benefits. Once verified, you can deposit and withdraw using USDT or other stablecoins, and even use fiat currency for deposits. This flexibility makes trading significantly more convenient.

Without USDT withdrawal capability, you're forced to transfer assets using volatile cryptocurrencies like BTC or ETH. During the transfer process, you're exposed to price fluctuations that could eat into your profits. Using stablecoins eliminates this risk entirely.

The verification process is actually more straightforward than most people think. 👉 Start your Bitfinex verification journey today and unlock seamless USDT transfers to protect your trading gains from unnecessary volatility.

To begin verification, click the profile icon in the upper right corner, then select "Verification" to enter the KYC process.

Getting Past the Initial Questions

First Question Set: Simply check all the boxes. That's it.

Second Question Set: Again, check all the boxes. These are standard compliance questions.

The 7-Step Verification Process

Let's walk through each step with practical tips to help you breeze through verification.

Step 1: Name and Contact Information

Use the English name exactly as it appears on your passport. For the contact number, provide a landline. If you don't have one at home, use your workplace number or any landline where you can be reached.

The key here is consistency—make sure your name matches your official documents precisely.

Step 2: Address Details

Enter your residential address here. For the State/Province field, you can either leave it blank or enter "NA." Use an address translation service to convert your local address into English format. Many postal services offer this translation tool online.

Step 3: Identity Verification

You have four document options, but passport is the preferred choice:

1. Passport

2. National ID card

3. Driver's license

4. Other photo ID

The platform notes that non-Roman alphabet documents require official English translation. However, if you're using a passport with a national ID, translation isn't necessary.

For passport users: Fill in the surname and given name fields matching your passport exactly. The red-marked optional fields can be skipped.

For national ID users: Enter your Chinese name in the appropriate fields. For the expiration date field, simply enter the maximum available date (currently 2069/12/31). Taiwan's national IDs don't have expiration dates, so choosing the furthest date in the system works fine.

If you only have one photo ID, use the same document for both required fields. Once you've submitted everything, the compliance team will schedule a Skype or Hangout video call with you.

Step 4: Proof of Residence

Your residence document must be in Roman letters or include a certified English translation. The document must be dated within the last 90 days.

Acceptable documents include:

• Utility bills (water, gas, mobile, internet)

• Government correspondence

• Tax statements

• Insurance payment proofs

Tax statements are the easiest option since they typically include English text. If you're using utility bills, take a photo and add English translations next to important information like your address and name.

Step 5: Selfie with ID and Note

This step requires attention to detail. You need:

1. Your face clearly visible

2. Your photo ID clearly visible

3. A note displaying "Bitfinex"

4. Today's date written on the note

5. Your signature on the note

Critical tip: Match the example image exactly. Keep your entire head in frame—don't accidentally crop the top. Both hands must be visible in the photo.

Step 6: Financial Verification

You'll need your bank details and SWIFT code, which you can obtain from bank staff or find online.

For the bank statement, visit your bank and request a certificate of assets. A statement for your local currency account works fine—you don't need a foreign currency account specifically.

Step 7: KYC Declaration Form

Download the form, complete all fields, sign it, and upload. For the applicant name and signature sections, write both your Chinese and English names.

After Submission: What to Expect

Once you've completed all seven steps, the KYC verification process is officially submitted. While the process might seem detailed, choosing the right exchange is worth the extra effort for your asset security.

Bitfinex's verification typically takes longer than other exchanges—officially 2 to 4 weeks after submitting all documents. However, processing times have improved significantly recently. Some users report approval within half a day when all documents are correct.

If any documents need revision, you can expect approval within a week after resubmitting corrected materials. 👉 Complete your verification on Bitfinex now and gain access to faster, more stable trading options with stablecoin deposits and withdrawals.

The patience required for KYC verification pays off in trading flexibility and peace of mind. With a verified account, you're ready to trade with the full range of deposit and withdrawal options, making your crypto journey smoother and more secure.