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. Please see screenshots below for different account levels.
NOTE: If you want to BUY, SELL or SWAP Cryptos, you can do that up to 1,000 CHF per day with only your email and phone ( KYC-less ). For higher amounts, you need to get verified ( full KYC ).
The steps below explain the account creation process after you clicked on the "Sign up" button:
Your phone number is also required as another security layer to your account.
Find the tab “Profile” and click on the “Complete my profile” button.
Next, you will need to upload and get the following documents verified:
When all the documents have been verified and accepted, 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 ):
In case we have to perform a video session with you ( depending of certain requirements or simply because you prefer this second option ), the video button will be unlocked, otherwise you should stick to the first option:
Set of required documents:
A copy of a valid ID card (front and back) or passport. Please note that driving licenses, residency permits or expired documents are not accepted. The ID should include an MRZ code and your signature. An example of the MRZ code can be found below:
A recent personal photo (like a selfie) of yourself in addition to the copy of your ID. The personal photo submitted has to be taken during the KYC process, a clear and close photo of you, and not uploaded anywhere else on the Internet.
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 has to be visible ). The issue date cannot be older than three months.
Fill in the Registration Form and submit it.
Fill in Beneficial owner form and submit it.
As soon as we receive all the documents and verify them ( assuming that you have successfully paid a purchase order with your personal bank account / performed the video session if that's your case ), we will upgrade your account to the Advanced level and you will be able to trade up to 100,000 CHF yearly.