What is verification?
Due to “KYC” ("Know Your Customer") regulations and anti-money laundering laws we are required to know who you are and where you are living. The more services you need, the more information we need to collect from you.
Note: if you are using Cryptopay exclusively as a bitcoin wallet, you are not required to submit personal documents for account verification.
Which users have to verify their account?
Each user could optionally verify his or her account in order to upgrade its limits. However, if you're the resident of one of these European countries, full account verification is the only legal way to use our services:
- Bosnia and Herzegovina
- France and its Overseas territories
Verification gives you following benefits:
1. Using bank payments to top-up your Cryptopay account
3. Withdraw funds to your Cryptopay debit card from PayPal to and other third parties