We know that making KYC and submitting all those questions and documents can be tiresome. But it is for your own safety. Moreover, we can keep Piixpay running smoothly without any problems with our banking partners.
We want to make the KYC process easier but we also need to comply with the current EU and Banking regulations.
So let us tell you a bit more about our questions, during KYC and why we need them? And what are the Risk levels, Tiers etc.
Tier 1 – Up to 15K cumulative transaction
Tier 2 – Up to 30K cumulative transactions
Tier 3 – Up to 30K+ cumulative transaction
Tiers are assigned and checked automatically depending on your country and transaction history.
Also depending on the country, you might be asked additional questions. So, here are the Risk Levels:
So firstly, when registering your profile – some questions will appear depending on your country of residence.
Example: If you are a resident of Germany and you will not exceed 15K worth transactions during the year – you will be not asked additional questions.
Thus, due to EU regulations, Georgian (example) residents need more documents to be submitted.
Again, that’s because of the new AMDL5 regulations taken place in EU. We are registered in EU and we need to somehow mitigate the privacy “Crypto-world” and the law.
Please note to submit up-to-date documents. We will notify you if your document has expired.
More information on how to pass the KYC you can find here: https://steemit.com/piixpay/@piixpay/how-to-complete-make-piixpay-kyc-registration
All the best! Happy transacting!
Dear PiixPay Community, This month we don’t have any significant reason to celebrate apart from the one that drives us to work hard...
Dear Piixpay customers, We at Piixpay always strive to meet the demands of our customers...