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' crypto withdrawal limits. It is a one-time process, and users who complete it can enjoy seamless crypto withdrawals on Flitpay.
Who needs to undergo second-level verification?
Users who intend to withdraw crypto will have to undergo second-level verification. Upon a user's request for the transfer of cryptocurrencies from Flitpay to another external wallet, 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' crypto withdrawal requests will only be processed, if the provided documents meet the crypto withdrawal standards set by Flitpay.
Even after submitting the necessary documents, access to crypto withdrawals is not guaranteed and will be conditional depending on verification by the Flitpay's Compliance team.
Should you have any queries or concern please contact https://support.flitpay.com/hc/en-us or chat with us on WhatsApp.