Cape Crypto uses identity verification in order to comply with AML (Anti Money Laundering) regulations. Part of a good approach to defending against AML, is to KYC (know your customer) in an effort to prove that our customers are who they say they are.
When do I need to complete Identity Verification?
You only need to complete Identity verification when you wish to withdraw cryptocurrency or Rands. You can signup, deposit, buy, hold, trade or sell cryptocurrency as much as you like without completing your Identity Verification. As the markets can move quickly in cryptocurrency, we have removed as many obstacles as possible that could stand in your way of holding cryptocurrency.
What do I need to complete my Identity Verification?
Take a look at how to complete Identity Verification
What if I don't complete Identity Verification?
If you don’t verify your identity, your account will be restricted to only depositing, buying, selling and trading You will not be able to withdraw cryptocurrency. Cape Crypto will help you in any way that we can to ensure you can verify your identity.
Please note that in some instances ID verification can take up to 48 hours to complete.
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