WOO X requires institutional account users to complete Institutional Account Verification to access WOO X’s services, including cryptocurrency deposits, trades, and withdrawals. Follow the step-by-step guide below to see how to complete Institutional Account Verification.
How to complete Institutional Account Verification on WOO X? (Step-by-Step)
1. Register a WOO X institutional account:
a. Create an institutional account on WOO X
2. Submit the application for First Stage Verification
a. Go to the Account Info page
b. Find the Institutional Account Verification panel
c. Click the Start First Stage Verification button
3. First Stage Verification:
This stage covers some basic information about your business, including:
a. Entity name
c. Place of incorporation
d. Purpose of the account
e. Nature of the business, etc.
4. After submitting your documents, your status will be reviewed within 3 workdays. Please contact email@example.com if you wait for more than 3 workdays.
*Note: In the meantime, we strongly suggest you prepare the documents listed below for Second Stage Verification. (Refer to Step 7)
5. A confirmation email will be sent to you once the review is completed. (Please check both Primary Inbox and Spam)
6. You can now go back to the Account Info page to submit Second Stage Verification
a. Click Start Second Stage Verification button on the Institutional Account Verification panel
7. Second Stage Verification:
At this step, you will need to submit the corporate documents for us to fully onboard your business to WOO X, including
a. Company information
b. Directors' information
c. Shareholders' information
d. Authorized Signatories information
e. CEO information
f. Ultimate Beneficial Owners information, etc.
Please find the required documents on the following image:
*Note: For more information, please refer to “Required Corporate Documents for Institutional Account Verification (Stage 2)”.
8. After submitting your documents, your status should become “Reviewing” within 3 workdays. Please contact firstname.lastname@example.org if you wait for more than 3 workdays.
9. WOO X onboarding team will contact you once the verification is completed, or if there’s anything needed to be provided.
- Please select the entity type and country carefully. If you need to change to another country/region of registration or entity type during the verification process, you will be required to start from the beginning.
- Unsupported Country List:
- For spot and spot-margin: https://support.woo.org/hc/en-001/articles/4403838052761--List-of-unsupported-countries
- For futures: https://support.woo.org/hc/en-001/articles/5017662241817--Futures-unsupported-countries
- Staging WOO X site for testing during the verification: https://x.staging.woo.org/en/trade
- Institutional API documentation: https://vipdocs.woo.org/#introduction
- Please note that if your email has already been linked to a personal account, it cannot be upgraded to an institutional account. Please make sure that you submit the Institutional Account Verification with an unverified account.