Does KYC affect my crypto deposit/withdrawal limits?
Yes. Your account may be restricted from withdrawals if you do not complete your KYC (Know Your Customer) process on the Raseed app. These controls help Raseed protect clients, prevent fraud, and comply with regulatory requirements.
What is KYC and why is it required?
KYC is the process of verifying a user’s identity such as name, ID, and other basic information, to ensure the platform remains safe, compliant, and protected against financial crime. Raseed’s onboarding and account access requirements are linked to verification and compliance rules.
How KYC can impact crypto deposits vs withdrawals
Crypto Deposits:
In most cases, crypto deposits can still be received even if your KYC is pending. However, deposits may be subject to:
- •Monitoring and security checks
- •Additional verification if activity looks unusual
Crypto Withdrawals:
Withdrawals are usually more tightly controlled. If your KYC is not completed, you may see issues such as “Withdrawal not available”.
This is normal and part of the platform’s risk controls and security protections.
What happens when I complete KYC?
Once your verification is successfully completed, you may receive:
- •Fewer restrictions
- •Smoother withdrawal processing
Exact limits and processing speed can vary by user and account status.
What should I do if my withdrawals are blocked due to KYC?
- •Check your verification status in the app.
- •If prompted, submit required documents/info and wait for approval.
- •If restrictions continue, contact Raseed Support for the exact reason and expected timeline.