KYC and AML user tiers policy

Online KYC Policy — Personal accounts

New account Identity verified IBAN verified
FIAT deposits
FIAT withdrawals
Crypto deposits
Crypto withdrawals
Exchanges
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Online KYC Policy — Corporate accounts

New account Identity verified IBAN verified
FIAT deposits
FIAT withdrawals
Crypto deposits
Crypto withdrawals
Exchanges
Receive affiliate rewards

AML & Proof of Funds levels — Personal accounts

1 2 3 4
Threshold amount 10,000 20,000 100,000 Unlimited (*)
Confirmed email
Phone number
ID document - front
FIAT bank statement
Selfie with ID and message
Document declaring source of funds  
Document proving source of funds    
Document proving extended source of funds      

AML & Proof of Funds levels — Corporate accounts

1 2 3 4
Threshold amount 10,000 20,000 100,000 Unlimited (*)
Confirmed email
Phone number
ID document - front
FIAT bank statement
Selfie with ID and message
Document declaring source of funds  
Document proving source of funds    
Document proving extended source of funds      

Notes:

  1. All amounts are in EURO and apply only to FIAT balances.
  2. For non-EUR balances the amounts are converted to EUR at the daily official exchange rate before adding to your AML limits.
  3. All threshold amounts are summed up on a per-year basis (ie. for Level 2 you may deposit up to 20,000 in 2021 and again up to 20,000 EUR 2022.
  4. The threshold amount is counted separately for deposits and withdrawals (i.e. for Level 2 an account and deposit up to 20,000 and separately withdraw up to 20,000 EUR).
  5. (*) based on the documents provided by you a limit will be set by our AML officer. You may ask to increase that limit at any moment, by providing documents for other funding sources.

A Proof of Sources of Funds (POSOF) is any (collection of) document(s) that explains where the funds used for a fiat deposit originated and where the crypto assets used for a fiat withdrawal originated.

Any POSOF document submitted needs to cover all deposits or withdrawals via that particular funding method.

Acceptable Individual POSOF:

  • Tax Return (last two taxable years)
  • Letter from Bank/Accountant stating assets
  • Bank statement and/or equities statement
  • Paystub(s) showing previous two years income
  • An accountant’s letter stating a client’s real estate holdings and inheritance suffice for net worth

For High Limits Only in Level 4:

  • If holding wealth on another exchange: an account statement or proof of balances letter.
  • If holding wealth on a private wallet: sign a message using your cryptocurrency address.

Acceptable Corporate POSOF

  • Audited Financials
  • Tax Return (last two taxable years)
  • Bank or Brokerage Letter Stating Assets
  • Standardized statement from a digital asset exchange
  • Proof of balance at crypto exchange(s)
  • Signed message on crypto wallet