Our account-less or KYC-less orders are not more susceptible of hacking compared to the standard KYC orders.

Regarding coin security: this does not change at all compared to our main services since we do not hold our customer’s private key information. If we are hacked, your private key information is not in danger.

Regarding data security: we believe less data is better. We want you to be able to use this service by providing only the strict minimum required data needed to execute the order. If we get hacked, only this minimum given data is at risk.

Regarding compliance and regulation: our company, just like most companies, does not usually request KYC / origin of funds information on transactions under 100k. Because of this and the yearly transaction limits imposed, KYC vs KYC-less orders offer virtually the same verifications when exiting to fiat. It’s also important to remember that the regulation is there to protect and allow a fluid economy to those that respect the rules, as well as to prevent money laundering and the financing of terrorism.

Our goal is to make all pairs, crypto-to-fiat, fiat-to-crypto, and crypto-to-crypto as easy as possible to use while at the same time combating fraud by applying Swiss AML. Regardless of KYC or KYC-less, it’s always important to safeguard your financial and account access information to the best of your abilities.

Did this answer your question?