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[Music] welcome to the ftx user guide in this video well go through the process on how to create your ftx account and what you need to complete your individual kyc registration so what is kyc and why is it important if you arent familiar with the term already kyc stands for know your client or know your customer kyc is important because it is a standard compliance procedure required by the legal authorities when opening an account to start lets look into three levels of kyc and what it offers all newly created ftx accounts will automatically start off with kyc level unverified at level unverified your account has limited access to the ftx website where youll be able to view our current products and tokens however youll have no ability to trade deposit or withdraw any funds or cryptocurrency at level 1 withdrawals will be allowed up to 2 000 us dollars on a daily basis but trading futures and derivatives may be limited depending on your country and respective jurisdiction at level