KYC Verification Levels Overview
Updated over a week ago

This article refers to the verification level for non-Singaporean users. For Singaporean users, please refer to this article: KYC Verification Levels Overview (Singaporean Users)

There are 3 types of verifications: Level 0, Level 1 and Level 2.

Information required to verify:

Information needed

Level 0

Level 1

Level 2

Email verification

Jurisdiction (Place of residence)

Phone verification

Proof of identity

First and last name

Date of birth




Proof of address

Features offered to users based on their verification level:


Level 0

Level 1

Level 2

Deposit Crypto

Buy Crypto (3rd party provider)

Limitless Withdrawals

Withdrawal limit of 10k USD based on monthly calendar

Referral bonus

Same for Level 1 & 2

Bake Products


🟡 Explore only, no activities allowed.


Liquidity Mining



Please note: Users who registered and verified before November 7, 2022, will only see Verification Level 0 and 1 in their settings. For those users, level 1 is already the maximum verification level and equals level 2 with all the features, as described in the table above.

*In some cases, we may ask users to complete questionnaires in relation to your Source of Wealth, Source of Funds, and may request further relevant information as part of our enhanced due diligence process, to better understand and evaluate the risk of users, required by the relevant rule and regulations on KYC. Failing to do so, users might face restricted access to the application’s features, or the account will be suspended until relevant information is obtained.

What is Source of Wealth?
Origin of an individual’s accumulated volume of wealth. Examples: business ownership, employment income, inheritance, investments, etc.

What is Source of Funds?
Origin of money, assets or other monetary instruments that are used in a specific transaction of the business relationship (in our case, origin of the funds transferred to Bake). Examples: personal savings, sales or dividend from shares, gifts from friends, bank loans, etc.

Did this answer your question?