AML/KYC compliance: Identity verification is now required

Identity Verification is now a required step. Bit2Bill is required to verify the identity of all it’s users. Identity Verification is a legal requirement in order for Bit2Bill to comply with Australian AML and KYC (Know your customer) policy.

25  Sep 2018

Why ID verification is required?

As a business dealing with Australian Dollar and digital currency, Bit2Bill Pty Ltd has obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) to ensure any of the transaction not involved in the activities of money laundering or terrorism financing. As a Bit2Bill User, you need to have your identity verified to continue use of our services.

Is your information kept private?

Yes and we never share your details with any third party. Your personal details are safe with us. Please review our Privacy Policy here. We don’t hold any of your verification documents. The verification process is taken through a third party provider, Digital iD™. Digital iD™ makes verifying your identity easy. It’s a fast, secure and simple way to prove who you are without having the hassle of continuously using your identity documents. The process should only take a few minutes.

Instructions for ID verification

  1. Log into your account.
  2. From the Dashboard expand “Overview – Personal Account”.
  3. Click on the “Verify My Id Button”, leading you to the Verification Page.
  4. Click on “Verify with Digital iD” button.
  5. Follow the steps on the Digital iD pages and submit the required documents to complete.

All done!

What happens to non-verified users?

You will continue to have access to your account. However, you won’t be able to create new Orders, this includes all our supported cryptocurrencies  (BTC, ETH, LTC ….)

Still Can’t get verified via Digital iD™ or have questions?

Please don’t hesitate to contact us so we can help you complete the process.

Ready to verify your account?