From now on unverified users can pass an intermediate verification level to access products and privileges they cannot get otherwise.
An offer one cannot refuse
The Bitfinex team is eager to get as many verified customers as possible. So as a promotional move, it has launched an intermediary verification level. Unlike regular verification, in this case customers do not have to provide their banking details and will be able to access almost all benefits and services of the exchange that verified users enjoy:
They can access the native UNUS SED LEO token;
Be eligible for trading new products on the exchange;
Working with stablecoins, e.g. USDT;
Having to ensure fewer confirmations than unverified customers have to provide;
Conduct deposits and withdrawals with fiat currencies.
However, the team highlights that users who pass the intermediate verification level will be unable to deposit or withdraw funds via bank transfers, since they provide no banking details.
The community’s response
Overall, the reaction of the crypto community in the comment thread was positive. Some praised Bitfinex for providing a less-difficult-to-conduct procedure than KYC.
However, one Twitter user complained that Bitfinex does not work with US-based customers.