Coinmerce complies with the European Anti-Money Laundering (AML) directive by categorising account risk into different levels. This helps us effectively estimate and control the risk of money laundering through our platform. While trading on Coinmerce is unlimited, there are specific transaction size limits per trade.
Account Levels:
Registered Account
Features:
Limited functionality.
Restrictions:
No crypto deposits.
No crypto withdrawals.
Verification Process:
Basic registration information required.
Verified Account
Limits:
Daily deposit and withdrawal limit: €20,000
Weekly deposit and withdrawal limit: €60,000
Verification Process:
Provide a valid government-issued identification document.
Pro Account
Limits:
Tailor-made limits based on individual verification.
Verification Process:
Provide proof of address.
Provide proof of source of funds.
Complete a video call to finalize and determine the limits.
By adhering to these verification processes and transaction limits, Coinmerce ensures compliance with AML directives while offering different levels of account functionality to its users.