WEEX Supported and Restricted Countries

What Countries Does WEEX Restrict?

WEEX restricts users from specific countries under its Terms of Use to comply with global sanctions and regulations. 

Restricted countries include those on sanctions lists, such as the Financial Action Task Force (FATF), the Office of Foreign Assets Control (OFAC), and the United Nations Security Council. This typically includes regions like North Korea, Iran, Syria, Venezuela, and other jurisdictions under global trade restrictions.

However, WEEX’s no-KYC policy allows users to onboard without identity verification. Based on testing, this makes it possible for users in restricted regions to access the platform despite the stated restrictions.

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WEEX Supported Countries

WEEX is available worldwide in over 160 countries, including major markets like the United States, Canada, the United Kingdom, Japan, and China. Its multilingual platform ensures accessibility for a global audience, accommodating traders across Europe, Asia, and beyond.

With support for over 580 cryptocurrencies and a wide range of trading features, WEEX is designed to meet the needs of traders worldwide.

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WEEX KYC Requirements

WEEX offers a flexible Know Your Customer (KYC) system, allowing users to trade with or without completing identity verification. Withdrawal limits vary depending on KYC status:

• Non-KYC Users: Can withdraw up to 50,000 USDT per transaction, with a daily limit of 500,000 USDT across 10 withdrawals.
• KYC Users: Gain increased limits, allowing withdrawals of up to 100,000 USDT per transaction and 2,000,000 USDT daily across 20 withdrawals.

Users can choose to remain anonymous or complete KYC for increased withdrawal limits, balancing accessibility and regulatory compliance.

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WEEX Licenses and Regulation

WEEX complies with international regulatory standards to provide a secure trading environment. The platform holds the following licenses:

• United States: Registered as a Money Services Business (MSB) with FinCEN (Entity ID: 20218044035, Confirmation Number: 13551646).
• Canada: Licensed as an MSB with FINTRAC (Registration Number: M21642476).

These licenses demonstrate WEEX’s dedication to compliance and reliability in key global markets.

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About WEEX

WEEX is a cryptocurrency exchange headquartered in Taipei City, Taiwan, serving over 5 million users in 160+ countries. It offers spot trading, futures with up to 200x leverage, copy trading, and access to 580+ crypto assets across 1,000+ trading pairs.

Licensed in the U.S. and Canada, WEEX ensures security with cold storage, Proof of Reserves, and a 1,000 BTC protection fund, providing a reliable trading platform with high liquidity.

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Bottom Line

WEEX restricts access in countries under global sanctions, including North Korea, Iran, and Syria, while supporting users in over 160 countries such as the United States, Canada, and Japan. 

Its no-KYC policy raises potential concerns for compliance, making it essential for users to verify local regulations before accessing the platform.