Know your customer (KYC) is a prerequisite for identifying a real customer making use of a financial service offered by a financial institution or a crypto exchange.
On remitano exchange every new member is mandated to pass this requirement compulsorily before customer shall be allowed to trade.
The broader access to the exchange features therefore depends on the higher level of KYC attained. As rightly stated below, starting from Level 1 to 5.
(A). Level 1 requires phone number verification. The benefits include daily $500 buy, zero deposit on remitano naira wallet and $250 daily withdrawal right.
(B). Level 2 requires documents verification. The benefits include daily $50,000 buy, user can deposit 5,923,909.36 NGN on a remitano naira wallet daily. Monthly deposit allowed is 59,239,093.65 NGN. $1,000 daily coin withdrawal is allowed.
(C). Level 3 requires Bank verification. After success, user can buy $100,000 daily deposit 98,731,822.75 monthly. Only $2,500 is allowed for withdrawal daily.
(D) Level 4 requires Peer certification/Long time trader. Anyone that attains this status can buy $500,000 daily. While 23,695,637.46 NGN can be deposited on remitano naira wallet. The monthly deposit allows 236,956,374.60 NGN on remitano wallet. $100,000 daily coin withdrawal is permitted.
(E) Level 5 demands Peer Certification plus longtime trader. Here, user can buy $10,000,000 daily and 592,390,936.50 into remitano naira wallet daily while user can deposit 5,923,909,365 NGN monthly. Coin withdrawal allowed is $500,000 daily.
As enumerated above, the higher the KYC level the higher the value chain accessible.
Now that you know benefits accorded by higher KYC status attainment, why not move to the next level to increase your limits?
