In order to meet KYC/AML legal requirements, ICONOMI requires users to finalize a verification process before they can deposit/withdraw EURO or cryptocurrencies on to the ICONOMI platform.
Note: Anyone can create an account, but only verified users can use the platform functionalities. Please find verification Tier deposit/withdrawal limits here.
The different levels of verification grant access to platform functionalities and higher deposit/withdrawal limits:
- Tier 0 - View only: Account created. No deposits and trading are yet available.
- Tier 1 - Start Trading: Account verified. Platform functionalities, deposit, and trading enabled.
- Tier 1 - Proof of Address: Withdrawals enabled.
- Tier 2 - Higher Limits: Need to deposit/withdraw more? Upgrade to higher limits.
- Tier 3 - Custom Limits: For custom limits please contact us.
* Tier 3 - for custom limits please contact us.
Note: Depending on your country of residence or currency preferences set in Settings, the currency of the limits is EUR, GBP, or USD.
Please find your current deposit/withdrawal limits here:
Deposit/Withdrawal limits > Login > Settings > Verification tab > View limits
Note: Regarding account tier verification level, only deposit/withdrawal limits apply, not buy/sell limits. For more information, please take a look at the buy/sell limits.
You can find information about your current Tier level or upgrade to a higher verification level under the Settings: Login > Settings > Verification tab.
Based on our AML policy, ICONOMI reserves the right to ask users for, among other things, information and documents as well as the source of wealth whenever an individual user deposits more than the equivalent of 10,000 USD in a period of 12 months.
For more information, please take a look at the deposit/withdrawal costs/fees and minimum amounts.
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