Verifying your source of funds
- If you want to buy more than R150 000.00 of cryptocurrency per month you need to verify your source of ZAR. (Note: you get a R150 000.00 limit in your first month, just to get you started!)
- If you want to buy privacy coins like Monero and Dash, you need to verify your source of ZAR.
- If you want to sell cryptocurrency worth more than R150 000.00 in total, you need to verify your source of cryptocurrency.
Some examples of sources of funds are set out below. If you have a source of funds that isn’t included here, just get in touch and we can help you out.
Verifying your source of cryptocurrency
If you bought your cryptocurrency through us originally, great! Nothing further required. You’ll be able to sell the same amount back to us, no matter what the value has changed to. E.g. if you bought 3 BTC from us and 10 XRP you can sell back 3 BTC and 10 XRP regardless of how high they moon. 🚀
If you got your cryptocurrency somewhere else, you’ll need to provide us with evidence to show where this has come from. Applications will be considered on a case-by-case basis, and we can’t provide any guarantees on what will be accepted or not. However, we can provide some guidance on the types of things we ask for:
|Sources of cryptocurrency||Examples of evidence|
|Purchased on an offshore exchange||
| Purchased through localbitcoins
|Purchased on a SA exchange||
|The cryptocurrency was mined||