How to Pass KYC Verification on Phemex

The Phemex exchange doesn’t require KYC verification for trading, deposits, and withdrawals (except P2P). However, for peer-to-peer trading, and additional features and promotions of the platform, a KYC procedure is required. In this article, we’ll explain how to pass the Phemex KYC verification.
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Why Get Verified by Phemex

The Phemex exchange offers two types of KYC verification: individual and corporate. We will review only the first type. Without completing KYC, a trader cannot use Phemex P2P. The KYC verification also gives access to additional features of the exchange. You can read more about KYC here.

Below you can see a table with Phemex KYC levels, as well as the requirements and features of each one.
Type of Verification
Requirements
Features
Basic\Unverified

Name (optional)

E-mail address

Date of birth (optional)

Residential address (optional, without confirmation)

Document type and number (optional, without confirmation)

Google Authenticator

Deposit by card

Deposit and withdrawal by cryptocurrency transfer

Cryptocurrency trading (spot and contracts), including copy trading

Staking and passive income

Individual

Document type and number with confirmation

Identity verification via photo/video

Deposit by card

Deposit and withdrawal by cryptocurrency transfer

Cryptocurrency trading (spot and contracts), including copy trading P2P trading

Staking and passive income

Increased account security

Participation in bonus programs, vouchers and cash bonuses

Participation in campaigns, offers and other promotions

Course files Corporate
Package of documents (link for the list)

Same as with individual confirmation

Increased account security

For individual users, identity verification takes only a few minutes. However, Phemex may run a background check. In this case, the process may take longer.

Corporate clients must provide a package of documents – the full list is available here. The review of documents takes an average of seven days. The duration of verification depends on each specific case.

How to Pass Phemex Verification

To pass KYC on Phemex, you will need to provide your passport, driver's license or ID card. You will also need a mobile phone camera or a web camera with browser access. Verification is available to users over the age of 18. We’ll explain step by step how to verify your Phemex account.

Open the main page of Phemex, hover over the profile icon in the upper right corner, and click on your login there.
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Go to your Phemex personal account
On the profile page, find the “Identity Verification” panel, and click “ID & Face Verification”.
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Start identity verification
Choose the type of verification. Please note that KYC on one Phemex account is irreversible and can only be of one type: corporate clients cannot be “reverified” to a personal account and vice versa. After selection, click "Confirm".
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Select the “Personal user” KYC
In the next window, check the data you had entered during registration. If you need to make some changes, click "Edit". If everything is correct, click "Confirm".
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If all the details are correct, click "Confirm"
In the next window, click "Start".
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Start Phemex Verification
In the document selection menu specify your country and select the document type.
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Specify your country and document type
Next, choose a way to take a picture of the document: using a webcam or a phone.

Before proceeding, make sure that your documents are well lit, free of glare, scuffs, reflections and or any other defects that can make them difficult to read. Otherwise, the documents may not be accepted.
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Choose verification using a mobile phone or a PC webcam
If you choose verification with a phone, a page with a link via QR code will open. Scan it with your phone's camera. Then continue registration in your phone's browser.
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Take a picture of the passport with a webcam during verification via PC
If you select verification with a webcam, a camera window will open. Here you’ll need to show your passport and click on the green icon in the middle of the screen.
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Take a picture of the passport with a webcam during verification via PC
After uploading the passport via mobile phone/PC webcam, you’ll need to take a selfie. In the camera window, take several shots of your face from different angles. After that, you’ll be redirected back to the confirmation window.
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Take selfies from different angles
Once the data is accepted, click "Close".
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After passing Phemex Verification, wait for confirmation
After completing all the steps, wait for KYC confirmation. The status of the procedure is shown in the upper right on the profile page.
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Verification status is displayed in your Phemex personal account
Typically, for individual users, the process takes a few minutes.
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Phemex verification has been completed
Refresh the page. If the confirmation has been successful, a green check mark will appear confirming successful verification. Now you will need to set up 2FA for withdrawing funds from Phemex and other actions.

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