In this guide we're breaking down the account limits one has on the various features across the platform, including depositing, withdrawing, and swapping cryptocurrencies on Oobit. In some cases, in order to unlock these limits, you might need to complete an identity verification process.
Here is a step-by-step breakdown of how to complete the identity verification process on Oobit. In order to do so you will need the following:
- A valid phone number
- A valid email address
- A valid ID, which can be in the form of a passport, government-issued ID, or residence permit
What Are The Deposit Limits?
Users looking to deposit cryptocurrency from external wallets to their Oobit wallets can do so freely with no limits and no identity verification required. However, users will need to complete the identity verification process in order to buy, sell or swap their cryptocurrency.
What Are The Withdrawal Limits?
When looking to withdraw your crypto, users will need to complete the fast and thorough identity verification process. Once this has been approved, users have no limits on their withdrawal activities.
What Are The Swap Limits?
Using the swap feature also carries no limits, allowing users to swap top cryptocurrencies without incurring any extra fees and only paying the network fees necessary to execute the transaction. Users will need to have passed the identity verification process to use this service.