Our KYC process involve the following steps:
- Validation of Email address
- Validation of the mobile phone number using SMS verification,
- Providing user's address details (home address). We do compare the country code of the mobile phone and the country provided, although this is not a 100% check, we use this to be reasonably sure we provide the right VAT tax tariff for our invoices (which depends on the country our customers live).
Our AML/CDD process involves:
- Guarantee that the funds we manage for users do not originate from money laundering (we only ask this, but do not have the means to check this at this point),
- Stating if the customer is a “US person” (either by having a US citizenship or permanent resident card).
The full KYC and AML verification is handled by the exchanges.