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.
If you don’t have a New Zealand driver’s licence or passport, please have a look at our alternative verifications.
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 – ID VerifiedFollow the steps on the “My Account” page to verify.All you need is your ID (NZ Driver’s licence or NZ Passport). The verification process is fully automated and will take about 2 minutes.||$1,000 total across all orders2 order maximum|
|Level 2 – Address VerifiedWhen you apply for Level 1 verification we will automatically check your address as part of that process.If we are unable to confirm the address you have provided, we will contact you to ask for proof of address – see here for what we can accept.||$10,000 per day$30,000 total across all orders|
|Level 3 – Source of Funds Verified If you are buying crypto:If you want to spend over $30,000 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:Evidence of your source of funds – see here for some examplesBank statements which show the same source of fundsExpected transaction frequency and valuesIf you are selling crypto: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, kei te pai, we can buy that back no problem. If you’ve bought somewhere else we can help you out, but for amounts over $30,000 we will need some details around where the crypto came from. Contact us to discuss.||$10,000 per dayHigher daily limits available on request|
If you are wondering why we are required to take these steps to comply with the NZ crypto regulations, click here.
If you have any more questions on our verification process, feel free to flick us a message @ [email protected]