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.