Does anyone have any experience with this? How does the KYC look like? #Bitcoin #asknostr
Discussion
similar to a bank account. name, ID, and video confirmation.
I didn't even fully complete since they blocked VPNs and the like, and it seemed tedious. Maybe it's improved, I don't know
signed up with them some while back (never actually used them though): KYC took forever due to some manual review process afterwards.
Hard to predict fee structure:
If you just need a FIAT off ramp for i.e. BTCPay, I'd prefer the Strike plugin.
> manual review process
Dropped
Hi @petzsch, Thank you for your feedback! We are constantly working to serve you better. The transaction fee is a flat 1% on all transactions (except when getting a discount via affiliate links). We are improving our UX experience.
Not sure why you had manual review process, please share your email via DM so I can check and get back to you. But KYC should and is smooth now.
By the way, Off-ramp to Fiat takes ~30 sec with us, from your Bitcoin wallet to your bank account.
What is "We charge € 1 for withdrawing Euro to your bank account." if not a hidden fee? It's not transparently communicated on the webpage. (i have complained about this some while ago allready - just communicate it properly, it shouldn't be a dealbreaker for many customers) I'm not sure what went wrong with my KYC, maybe ticked a wrong box and that triggered something. Assume you are right and it works for the majority of your customers. 
Hi nostr:npub182jczunncwe0jn6frpqwq3e0qjws7yqqnc3auccqv9nte2dnd63scjm4rf Please find our KYC requirements and limits:
Tier 1:
Requirements: Proof of Identity (POI) + Liveness check
limits:
7500 euros per month Outbound
Tier 2:
Requirements: Questionnaire about the source of funds and a POA
limits:
15000 euros per month Outbound
Tier 3: This process involves a video call with a compliance officer
limits:
Based on the request and the process.
Every user must go through a KYC process as required by regulators. Since we provide IBAN accounts to every user, we cannot eliminate KYC.