SwitchBIT FAQs - Account Classes
In the lead up to our May 18th launch, we thought it would be a nice idea to go through some of the most commonly asked questions about the SwitchBIT platform.
Starting with Account Classes.
When you create your SwitchBIT Exchange account you will begin at Account Level 1. This level's requirement is simple, just a verified email address.
At Level 1, you're able to deposit credit currency & use the trading market function. However, you're unable to partake in OTC Trading or the withdrawal of Cryptocurrencies.
To reach Level 2, you'll need to complete an extra couple of steps.
These steps include a full KYC check, as per legal requirements. Once you are at Level 2, you'll be able to use all the features available to Level 1, but also you'll have the ability to withdraw up to 2 BTC per day.