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Account Transaction Rules Before and After KYC

Updated over 2 months ago

Before KYC Verification

Deposit Limitations

  • Accounts without completed KYC verification can receive deposits up to $2,000 or equivalent currency

  • Trading is permitted to experience the platform

Withdrawal Restrictions

  • Withdrawals are not permitted from accounts without completed KYC verification

  • KYC verification must be completed before any withdrawal request can be processed

Transfer Limitations

  • Accounts without completed KYC verification cannot receive transfers from other accounts

  • Accounts without completed KYC verification cannot transfer funds to other accounts

  • Trading accounts cannot transfer funds to Partner Wallets or other accounts

After KYC Verification

Deposit Capabilities

  • No deposit limitations after successful KYC verification

Withdrawal Capabilities

  • Full withdrawal functionality becomes available after KYC verification

Transfer Capabilities

  • KYC-verified accounts can receive transfers

  • KYC-verified accounts can transfer funds to other KYC-verified accounts

  • Rebates transfers can only be conducted between KYC-verified accounts

Important Compliance Principles

Anti-Money Laundering Compliance

  • All transfer operations require KYC verification for both sending and receiving accounts

  • Funds in non-KYC verified accounts must remain in the user's own trading accounts

  • Partner Wallets can only transfer rebates to KYC-verified accounts

Restricted Operations

  • Non-KYC verified accounts cannot receive external transfers

  • Non-KYC verified accounts cannot transfer funds from Partner Wallets

These rules ensure all fund movements comply with anti-money laundering regulations and prevent unexplainable fund flows during tax audits.

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