To comply with evolving regulations, including the Travel Rule, we’ve introduced some additional verification questions within our trading widget.
These checks help us keep the platform secure and prevent fraud, money laundering, and other financial crime.
What is the Travel Rule?
The Travel Rule is a regulatory requirement that requires financial and digital asset platforms to collect certain information about customers and transactions.
Many regulated platforms are required to apply these checks as part of their compliance obligations.
Why Am I Being Asked Questions?
Depending on your transaction or account activity, you may be asked to provide additional information such as:
- Personal details
- Purpose of the transaction
- Source of funds
- Relationship to the recipient or sender
This information helps us verify transactions and maintain a safe trading environment.
How is it looking in Coinify's KYC flow?
We ask you to provide more financial information.
Additionally, we ask you to provide more information about your trading plans.
That is it! You can trade now.
If you have any questions or experience issues completing verification, please contact our support team.