Yes, Bitvavo requires full KYC verification. Bitvavo is one of the largest fully regulated and licensed crypto exchanges in Europe.
Without identity verification, you can not use Bitvavo services. If you want to trade, deposit, and withdraw on Bitvavo, you must verify your identity by providing personal information.
Bitvavo KYC Requirements
In order to verify your identity on Bitvavo, you must submit personal information, including government-issued documents and proof of residence.
There are different verification types on Bitvavo, granting you access to all features on the platform. You must go through all of them in order to get access to all features.
Identity Verification
The requirements for the first KYC level are as follows:
- ID or Passport
- Selfie
You can find more information about Bitvavos identity verification here.
Address Verification
The second KYC level requires proof of address and additional verification. For proof of address, you may use a utility bill or bank statement no older than three months.
- Utility bills, bank statements, resident permit
Bank Account Verification
Lastly, you must link a bank account on Bitvavo. This can be done with various payment methods such as SEPA transfer, Giropay, EPS, and more.
Bitvavo Withdrawal Limits
The daily withdrawal limits on Bitvavo are the same for every KYC level. Refer to the table below for further information. The limits apply for a 24-hour duration.
| KYC Level | Crypto Withdrawal Limit |
|---|---|
| Level 1 KYC | $25,000 |
| Level 2 KYC | $25,000 |
In order to upgrade your account for higher unlimited withdrawal limits, you must provide additional details and a source of funds. Accepted documents are listed below:
- Payment slip showing annual income
- Tax declaration from last year
- Bank account statements
- Inheritance tax returns
- Gift tax returns
- Loan agreement
- Dividend tax return
Learn more in Bitvavos official statement about proof of source of funds.
FAQ
Does Bitvavo require KYC?
Yes, Bitvavo requires KYC verification. That means you must go through the identification process; otherwise, you can not use Bitvavo products and services.
Is Bitvavo legit?
Bitvavo is one of the largest European crypto exchanges, with over 5 million users. What we love about Bitvavo is its strong regulatory standing.
While Bitvavo appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet. Not your keys, not your cryptos.
Is Bitvavo available in the United States?
No, Bitvavo is not available in the United States. In fact, Bitvavo is only available in Europe.
