Thanks for clarifying, can you give use more information about step 2 so what kind of documents we will sign.
I don't want to pay 200$ to have unnecessary verification process.
It's a single-page document that they send in PDF format. You are required to print it, sign it, then scan it and send it back to them (signed and dated). If I remember correctly, it was a document certifying that you will be operating the account for legal purposes and not on behalf of someone else. You also certify that the KYC information you provided are true and correct.
Step 1 is the actual KYC procedure. You will need to provide your passport and proof of residence or address.
When you complete both steps, your card limits will be increased.