At Octo Liquidity OU, which is also known as Swaps.app, we follow the latest rules for verifying users' identities. These rules are from the Crypto Asset Market Act (KrüTS) and the Anti-Money Laundering and Terrorist Financing Prevention Act (RahaPTS). To meet these rules and stay compliant, we offer different levels of KYC (Know Your Customer) verification. These levels are made to fit the needs of different types of users while keeping everything secure and trustworthy.

Level 1: Light KYC

Level 1 is for users who want to start using crypto in the easiest way possible. After completing some basic checks like making sure you are a real person (liveness detection), confirming your identity, and verifying your address, you can start buying or selling crypto without much hassle.

• Transaction Limit: Up to €15,000 per month.
• Verification Requirements: Liveness detection, identity verification, and address confirmation.
• Best For: Users living in the European Economic Area (EEA) who are doing smaller transactions.

Level 2: Standard KYC

If you want to do more with your transactions, Level 2 gives you more freedom. It also requires you to provide proof of where your money comes from.

• Transaction Limit: Up to €50,000 per month.
• Verification Requirements: Liveness detection, identity verification, address confirmation, and proof of source of funds.
• Best For: Users who are doing bigger trading activities, whether they are in the EEA or outside it.

Level 3: Enhanced KYC

Level 3 KYC is for users who need much higher limits and more flexibility. This level is great for institutions or users who need to handle large amounts of money.

• Transaction Limit: Up to €100,000 per transaction.
• Verification Requirements: More thorough checks, like proving the source of funds, enhanced identity verification, and ongoing monitoring.
• Best For: Institutional wallets, high-net-worth individuals, and users making transactions outside the EEA or from high-risk areas.

Important Things to Know About Identity Verification

1. Rolling Daily Limit: The daily transaction limit is calculated over a rolling 24-hour period from the time of your last purchase. It is not based on the calendar day (from midnight to midnight).
2. Including Fees: All limits include any related fees.