Bity, being compliant with Swiss regulation frameworks that aims to prevent money laundering, has defined proper know-your-customer (KYC) procedures. Therefore, we request specific documentation depending on the volume you wish to unlock.
NOTE: If you want to buy, sell or swap cryptos, you can do that up to 1,000 CHF per day (KYC-less). For higher amounts, you need to get verified (full KYC).
Required documents:
A copy of a valid ID. The ID should include an MRZ code and your signature. An example of the MRZ code can be found below:
To verify your residence, you can:
If at home: Use the geolocation data from your computer or phone.
If not at home: Provide proof of residence with your full name and address. Acceptable proof includes:
Utility bills: Landline telephone, internet, gas, water, or electricity bills.
Bank statements: Must clearly display your IBAN/bank account number and recent transaction history (within the past three months).
Note: All proof of residence documents must be issued within the last three months.
The 6 steps below explain the account verification process after you have created your Bity account.
Once that's done you will be able login, access your Dashboard and click on the button Individual
Once that's done, the verification process begin:
Identity (step 1/6)
You will first need to select the type and issuing country of your identity document. ( please note that for legal reason only ID card and Passport are accepted)
On this page, you will need to take a photo of your identity document and then proceed.
On the next step, you will perform a liveness check. Please follow the on-screen instructions carefully.
Residence (step 2/6)
For the next step, you will need to verify your residence address. If you are at home, you can activate geolocation. Otherwise, please provide a proof of residence document.
Financial and Professional situation (step 3/6)
This step consists of three parts and will ask you questions about your financial and professional situation.
Politically Exposed Person (step 4/6)
In this step, you will be asked to declare if you are a Politically Exposed Person (PEP). If yes, you will need to provide further information.
Confirmation of your information and Beneficial owner (step 5/6)
In this step, you will be asked to confirm that all the information you have provided is accurate and that you are the sole beneficiary of the funds associated with this account.
SMS verification (step 6/6)
Finally you will need to validate everything by validating your phone number. you will receive a code by sms and will need to enter it.
That's it! Now, all you have to do is to execute a purchase order and send us the funds from a bank account under your name (first option). As soon as the purchase order is confirmed as executed we'll be able to upgrade your account.
In case we have to perform a video session with you depending of certain requirements you will be contacted directly by our compliance team. If you simply prefer this second option please contact our support by clicking on the blue chat bubble at the bottom right-hand corner of your screen when visiting our platform.
Keep in mind that in case you can proceed with the first option, we advise you to do so since we have to deal with many video sessions and it will only delay your account verification.