Hi Tokonauts
Some of you who are new to the world of crypto assets may feel unfamiliar with this term. KYC or an abbreviation of Know Your Customer is one way where crypto asset traders can get to know who their customers are. This is one of the efforts to prevent money laundering and other crimes.
The KYC process is regulated in law no. 8 of 2010 concerning the Prevention & Eradication of Money Laundering Article 18 paragraph 5 "The principle of knowing service users must include identification of service users, verification of service users and monitoring of service users".
Tokocrypto is one of the investment platforms for buying and selling crypto assets that uses KYC in their activities. There are two types of KYC, and they have different daily withdrawal limits on KYC 1 and KYC 2.
1. KYC Level 1
Every Tokocrypto customer is expected to complete KYC level 1 to be able to enjoy all the convenience features of Tokocrypto. At KYC level 1, customers can:
- Minimum deposit of IDR 50,000;
- crypto asset trading;
- Transfer between wallets;
- Make a minimum withdrawal of IDR 100,000, maximum of IDR 250,000,000 and 3 BTC (Transaction within 1x24 hours);
- Can follow events and promos from Tokocrypto.
2. KYC Level 2
After you complete KYC Level 1, you can trade and invest. However, if you want to increase the withdrawal limit you can upgrade to KYC Level 2, at KYC level 2 make sure you have made an average transaction of IDR 250,000,000 / day, customers can:
- Minimum deposit of IDR 50,000;
- Trading crypto assets is an average of IDR 250,000,000 / day;
- Transfer between wallets;
- Make a minimum withdrawal of IDR 100,000, maximum of IDR 5,000,000,000 and 100 BTC (Transaction within 1x24 hours);
- Can follow events and promos from Tokocrypto.
Don't forget to KYC at Tokocrypto before starting to invest to ensure security and convenience in transactions!!
Salam to the Moon
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