Is KYC Verification Required?
Last Update: 26 June 2024
Yes, KYC verification is required for certain transaction volumes on BlockBee. Specifically, KYC verification is mandatory for transactions exceeding $1000.
BlockBee has different KYC tiers based on transaction volumes:
- Partial KYC: This tier is necessary for volumes up to $500,000. It requires only ID verification.
- Full KYC: This tier is required for unlimited transaction volumes, with no upper limit.
By adhering to these KYC requirements, BlockBee ensures the security and compliance of all transactions on its platform.