User verification is vital in the fight against money laundering. It provides additional protection for accounts and expands the opportunities for traders (for example, when withdrawing a large amount of crypto, KYC can be required). After passing KYC on WhiteBIT, you will be able to withdraw fiat currency, and the daily withdrawal limit will be increased to 100 BTC. You will also be able to restore your account if you lose your 2FA code.