Verification Requirements
Bitt’s three tiered verification strategy adopts a risk based approach to user management that progresses your account to increasing levels of trading freedom as more identifying documentation is provided by you.
Level 1 - Verify Your User Details
Authorized Services
- Receive Limit: 250 USD or equivalent per month
- Send Limit: 250 USD or equivalent per month
Requirements
- Name, Date of birth, Address, Phone number
Level 2 - Verify Your Identity
Authorized Services
- Receive Limit: No Limit
- Send Limit: 10,000 USD or equivalent per month
Requirements
- Photo ID or passport
- Proof of Address: (No older than 3 months) - Bank or Credit Card Statement or - Utility Bill or Phone Bill
Level 3 - Verify Your Organization
Authorized Services
- Receive Limit: No Limit
- Send Limit: 250,000 USD or equivalent per month
Corporate Requirements
- Articles of incorporation
- UBO
- Shareholders and Directors KYC
- Any additional account users KYC (if different than above)
- Ownership and Control Structure
- Bank Letter of Good Standing
- Proof of Address, etc.
- Completed Source of Funds form
Individual High Value Account Requirements
- Level 2 requirements PLUS: - Completed Source of Funds form - Supporting documentation to support source of funds e.g. job letter, pay slip, etc.
Additional information
We have the right to refuse account verification for any reason, and are not required to provide reason.
