Flitpay has always been mindful of the security and protection of its users' funds. To ensure a safer crypto ecosystem and comply with India's regulatory standards for FIU-registered entities, we have to implement levelled-up KYC or second-level verification. This measure helps prevent illicit transfers, financial crimes, and money laundering scams.
Second-level verification directly impacts users' withdrawal and deposit limits. It is a one-time process, and users who complete it can enjoy seamless deposits and withdrawals on Flitpay.
Who needs to undergo second-level verification?
Users who intend to deposit crypto or withdraw INR/crypto worth INR 10,000 or more will have to undergo second-level verification. Upon a user's request for a fund transfer of the mentioned amount, Flitpay's compliance team may request a second-level verification.
What documents are required for second-level verification?
The requisite documents may differ among individuals. However, it may include bank statements, video KYC and necessary due diligence records. Rest assured, while you submit these documents, they will remain confidential and secure. Also, a users' withdrawal and deposit requests will only be processed after the completion of the second-level verification.
Should you have any queries or concern please contact https://support.flitpay.com/hc/en-us or chat with us on WhatsApp.
Why is second-level verification mandatory on Flitpay?
