How do the verification levels work?

Easy Crypto has a tiered verification system. Verification processes ensure we comply with the law, keep our customers safe, and make the world a better place. Read more about the whys here.

To verify your account, follow the link on your Account page. For a walkthrough on how to to get verified, click here. If you don’t have a New Zealand driver’s license or passport, please have a look at our alternative verifications.

Our verification tiers, their requirements and limits are as follows. Dollar figures are the cumulative total of both buy and sell.

Verification level and requirements Limits

Level 1 – ID Verified

Follow the steps on the “ My Account” page to verify. All you need is your ID (NZ Driver’s license or NZ Passport). The verification process is fully automated and will take about 2 minutes.
  • $1,000 total across all orders
  • 3 order maximum

Level 2 – Address Verified

When you apply for Level 1 verification we will automatically check your address as part of that process. If we are unable to confirm the address you have provided, we will contact you to ask for proof of address  – see here for what we can accept.
  • $10,000 per day 
  • First month: $30,000 total across all orders
  • $20,000 per month rolling limit

Level 3 – Source of Funds Verified

If you are buying crypto:

If you want to spend over $30,000 with us, you’ll need to verify source of funds. This is a very, very short, and simple process. We don’t want to snoop on your private data or to assess your finances, we’re simply required by law to be able to say that your spending seems reasonable for your situation. There are a few ways you can show this:
  • Evidence of your source of funds – see here for some examples
  • Bank statements which show the same source of funds
  • Expected transaction frequency and values

If you are selling crypto:

If you want to sell (not buy) large amounts of crypto then we will need to understand where your crypto has come from. If you’ve bought from us originally, kei te pai, we can buy that back no problem. If you’ve bought somewhere else we can help you out, but for amounts over $30,000 we will need some details around where the crypto came from.

Have a read of our article here for more details

If you have any questions about our verification process, feel free to contact our helpdesk here.

  • $10,000 per day (default)
  • Specific limits available on request
  • If you are wondering why we are required to take these steps to comply with the NZ crypto regulations, click here.