Is KYC compulsory?

Created by Niel Amstrong, Modified on Wed, 21 Jun 2023 at 10:34 PM by Niel Amstrong

For Fiat to Crypto, we work with partners like Transak/Onramper & KYC is mandatory.


For Crypto-Crypto Swaps it depends whether the swap is routed via CEX or a DEX:


For DEX transactions: KYC is not required and there is no limit on transaction volume routed via DEX. 


For CEX transactions: KYC is not required as long as your swaps via CEX do not cross daily limits. Registration and passing the KYC procedures is required ONLY in case you exceed your daily transaction limit via CEX. The KYC procedure is straightforward and can usually be done within a few minutes.


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