The regulations considering knowing customers and preventing money laundering are tightly tied with acknowledging the source of funds. To keep the process of signing up as easy as possible we have decided to start the deposit limit from 5000 euros with the possibility to raise the limit to any sum by submitting two documents. There are 1000 euros released to the default deposit limit monthly with the maximum deposit always being 5000 euros at most. By raising your limit for example to 20000 euros you can make a single deposit of 20000 euros and 4000 euros monthly afterwards. The monthly release happens based on the previous deposits, not based on calendar months.

The documentation should include

• A selfie where you are holding an identity card or a passport in your hand. (Stronger identity check)
• An explanation of the source of funds including documentation. For example in case of salary it could be the latest receipt of pay or in case of selling property or investments a document of the sale. (Source of funds)
• Also include the amount you want the deposit limit to be raised to.

You can submit the documents by secure mail or by email to compliance@northcrypto.com. If you have any questions regarding the deposit limit you can reach us from the same email address or via our contact page.

All information is handled according to the GDPR and best practices.