Easy Crypto has a tiered verification system. Verification processes ensure we comply with the law, keep our customers safe, and make the world a better place. Read more about the whys here.
Our verification tiers, their requirements and limits are as follows. Dollar figures are the cumulative total of both buy and sell.
|Verification level and requirements||Limits|
|Level 1 – Name, date of Birth, ID, BVN. Follow the steps on the “ My Account” page to verify. All you need is your ID (ID card, Driver’s licence or Passport).||
| Level 2 – ID with Selfie or Biometric Verification. Follow the steps on the “ My Account” page to verify. All you need is your ID (ID card, Driver’s licence or Passport). The verification process is fully automated and will take about 2 minutes. If you need to manually verify please read this article :
| Level 3 – Source of Funds Verified
If you are buying crypto:
If you want to spend over N3.6million with us, you’ll need to verify source of funds. This is a very, very short and simple process. We don’t want to snoop on your private data or to assess your finances, we’re simply required by law to be able to say that your spending seems reasonable for your situation.There are a few ways you can show this:
If you want to sell (not buy) large amounts of crypto then we will need to understand where your crypto has come from. If you’ve bought from us originally, we can buy that back no problem. If you’ve bought somewhere else we can help you out, but for amounts over N3.6million we will need some details around where the crypto came from.
If you are wondering why we are required to take these steps to comply with the crypto regulations, click here.
If you have any more questions on our verification process, feel free to flick us a message @ firstname.lastname@example.org.