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
Receive affiliate rewards

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 thresold 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