We are compliant with the Swiss regulation framework that aims to prevent money laundering and strictly follow proper know-your-customer (KYC) procedures, because we want to do it right the first time.
The current Swiss regulations oblige Bity to fully identify / verify its customers in the following cases:
If you want to exchange for more than CHF 1'000 per day;
If you want to make a transfer of funds;
If due to the Swiss regulation we have to be compliant with, some criteria are fulfilled ( high risk residence/nationality countries for example );
You will find below the different accounts' limits and the features that a fully verified account can unlock:
