What payment methods can I use to deposit funds to Base8?
In the U.S., you can use ACH, wire transfers, as well as crypto deposits. Outside the US, we currently only support wire transfers and crypto deposits.
Why do I need to complete KYC to deposit funds on Base8?
KYC (Know Your Customer) is required by regulators to protect against fraud and suspicious activities.
What information is required for the KYC for Onramp deposit process?
During the KYC process, you will be asked to provide your full legal name, current address, date or birth, Social Security Number (if you have one), and a government issued picture ID or passport. You may also be required to provide a proof of address in the form of a recent utility bill or bank statement.
How long does the KYC process take?
If the provided information is accurate and documents are clear, the automated KYC process should take just a few minutes. If manual review is needed, it may take a few days.
What states in the U.S. can deposit USDT and USDC via Base8?
Base8 allows deposits of USDT and USDC in the following states:
California
Colorado
Pennsylvania
Virginia
Kansas
Delaware
Alabama
Florida
Illinois
Mississippi
Montana
New Hampshire
Oklahoma
Oregon
Tennessee
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
In other U.S. states, users can only deposit BTC, ETH, and SOL.
What are the minimum deposit and withdrawal amounts on Base8?
Due to fraud and operational concerns, the minimum deposit and withdrawal amount on Base8 has been set to $10 USD. This ensures the security and efficiency of transactions on the platform.