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:
A proof of residence containing your full name and address. Such evidence can be a utility bill (Landline telephone, Internet connection, gas, water, electricity) or a bank statement (IBAN/bank account number and movements during the period in question have to be visible). The issue date cannot be older than 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 and access your “Profile” tab and click on the “Personal Account” button.
Once that's done, login again to access our onboarding page and click on "Start the identification process" button.
PHONE VERIFICATION (step 1/6)
Fill in your mobile phone number with the correct country code; request the activation code and submit it. Then proceed by clicking on "Next step".
IDENTITY (step 2/6)
On this next page, you will have to fill your identity details then click on the button " Proceed with identity verification".
You will have to upload your identity document by choosing your country and the type of document to be uploaded.
Then simply submit it and proceed with the liveness verification.
Please follow the steps requested during the video, submit it then click on "Next Step" to move on.
RESIDENCE (step 3/6)
On this next page, fill your residential details correctly and provide us a proof of residence; at the end click on "Next Step" again.
INCOME (step 4/6)
You will land on the financial and professional situation page, again fill in the requested details and click on "Next Step".
ORIGIN OF FUNDS DECLARATION (step 5/6)
This next page is related to the source of the funds to be used via our platform. Tick the case(s) accordingly, leave us a small explanation regarding that and click on "Next Step".
This final step is related to the beneficiary(ies) of the funds to be used. Simply tick the case "Yes" if you are the ultimate beneficiary or add other(s) if that's the case. Then, click on "Submit".
ULTIMATE BENEFICIARY OWNER (step 6/6)
You will receive a code by sms, enter it, accept the declaration and "Submit your information".
That's it! All you have to do now is to wait for our Compliance team to get back to you with a confirmation or a new request (in case some details need to be corrected) by email.
As soon as your account has been reviewed, you will need to execute a purchase order (min. 10 CHF/EUR) 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.