How do I know what level of verification I need?
What is verification
Verification is the process of verifying the identity of a user on Free2ex. The user passes the verification process after registration.
Verification Levels and documents
The verification level determines the permitted limit for deposit and withdrawal operations per month. The limit is set as an aggregate limit for replenishment of fiat funds or cryptocurrencies and for withdrawal of fiat funds or cryptocurrencies.
Verification process consists of 4 Levels and differs in the amount of data provided and confirmed, depending on the type of eWallet account owner.
In order for all operations (deposit/withdrawal and trading) to be available, you need to get verification level 2.
With level 2, you have a monthly transaction limit of up to 20,000 USD equivalent (for both deposits and withdrawals).
Verification level | Data verification | Available / not available |
Level 0 | - Confirm email
- Provide full name, date of birth, country of residence
- Complete the survey (for citizens of the Republic of Belarus)
| - Depositing
- Trading
- Withdrawal
|
Level 1 | | - Depositing
- Trading
- Withdrawal
|
Level 2 | - Upload a photo of your identity document
- Upload a selfie video/photo
- Provide a document confirming your place of residence
| - Depositing
- Trading
- Withdrawal**
|
Level 3 |
- Provide a document confirming the source of funds
| - Depositing
- Trading
- Withdrawal
|
Level 4 | | - Depositing
- Trading
- Withdrawal
|
Additional verification
The following table describes the cases when additional verification will be requested by the financial service:
Deposit method | Withdrawal method | Additional request | Additional documents |
Bank card | Cryptocurrency | yes | - A document confirming that the card belongs to the client, or a selfie with the card
|
Bank card | Wire transfer | yes | - A document confirming that the card belongs to the client, or a selfie with the card
|
Bank card | Bank card (another) | yes | - A document confirming that the card belongs to the client, or a selfie with the card
|
Bank card | Bank card | yes | - A document confirming that the card belongs to the client, or a selfie with the card
|