Verification process overview
To comply with applicable anti-money laundering (AML) regulations, Bity applies a know-your-customer (KYC) verification process before executing transactions.
Verification requirements depend on the nature and intended volume of the transactions, as well as the individual client profile.
Required information and documents
During the verification process, you will be asked to provide:
a valid identity document (passport or national ID card),
a proof of residence, where applicable,
information regarding your financial and professional situation,
and, where required, additional AML-related information (such as beneficial owner or origin of funds).
Identity documents must be valid, complete, and clearly readable.
Where applicable, the MRZ code must be fully visible.
Verification steps
The individual verification process typically includes the following steps:
Identity verification
Upload or scan your identity document and complete a liveness check.
Residence verification
Confirm your residential address through geolocation (where available) or by providing a valid proof of residence document.
Financial and professional information
Provide general information regarding your professional activity and financial background.
Politically Exposed Person (PEP) declaration
Declare whether you qualify as a PEP. Additional information may be requested where applicable.
Confirmation and beneficial owner declaration
Confirm the accuracy of the information provided and declare the beneficial owner of the funds.
Phone number verification
Confirm your phone number via SMS verification.
Once your verification file has been reviewed and approved, you will receive a confirmation by email.
Why might I be asked to provide additional information?
Additional documentation or updated information may be requested in certain situations, including:
changes in the intended transaction volume,
changes in activity or transaction patterns,
missing or inconsistent information,
periodic compliance or regulatory reviews.
These measures are part of Bity’s ongoing risk-based compliance framework.
Corporate clients
If you are onboarding on behalf of a company or legal entity, additional documentation is required.
Please refer to our Corporate verification guide for further details.