KYC (Known Your Customer) policy - User Identification and Verification
The purpose of the user identification and verification is to prevent any use with the aim of criminal activity (auction fraud, identity theft, etc.)
Tradebitcoin.online collects certain user identification information from each user opening or maintaining an account AND creating the first order via Tradebitcoin.online website. User may be asked to provide verification documents. Verification is required when the amount of a single order or the total sum of all client's orders is higher than USD 500 / EUR 500. The user shall be aware that the name, address, telephone number and any other personal identification information including documents (such as passport, national ID, telephone bills, electricity bills or other utility bills) must be true and contain correct details, pertaining to the user.
User will be asked to provide a scanned copy of the valid photo ID (passport or state issued ID) and a scanned copy of a recent utility bill displaying the current address of residence. Verification process is a one-time procedure. Once the user receives the verified status, the client will not be required to send verification documents again.