Answer: You can. In case of trade volumes of €2,500, €10,000 and €25,000 per year, we will ask for additional verifications.
Trade volume of €2,500 per year
In case of a trade volume of €2,500 or more per year, identity verification (Tier 3) is required.
Trade volume of €10,000 per year
In case of a trade volume of €10,000 per year, we will ask for your source of income. The questions below may be asked regarding your source of income:
- Where are you employed?
- What is your job?
- What is your income?
- Do you have your own business?
- Did you receive dividend payments?
- Did you receive a donation?
- Did you inherit?
- Did you sell possessions?
Trade volume of €25,000 per year
In case of a trade volume of €25,000 or more per year, we will request a document as proof of your source of income. The following documents may be requested to serve as proof:
- Salary statement
- Account statement
- Donation agreement
- Overview with dividends per share
- Overview of cryptocurrency trades
We ask for this verification because it is in line with the Anti Money Laundering and Anti Terrorist Financing Act (WWFT). This law will be applicable to European cryptocurrency businesses in 2020. We aim to be compliant before that date.
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