Answer: At a trading volume of €2,500, €10,000, and €25,000 a year you will be asked to verify yourself.
At a trading volume of €2,500 a year or more, you will be asked to Tier 3 verify yourself. Click at this link to see how to get Tier 3 verified.
At a trading volume of €10,000 a year or more, you will be asked a source of funds. The following questions can be asked:
- Where do you work?
- What is your function?
- Do you have your own company?
- Have you received dividends?
- Did you receive a donation?
- Have you inherited?
- Have you sold assets?
At a trading volume of €25,000 a year or more, you will be asked a document as proof of your source of funds. The following documents can be asked:
- Account overview
- Donation agreement
- Overview with dividends per share
- Overview of your cryptocurrency trades
We ask you to verify yourself aligned with the law Prevention of Money Laundering and Terrorism Financing (WWFT). This law applies to European cryptocurrency companies in 2020.