Verification allows you to do more with your Bitt account and wallet. By adding proof of address and ID to your account, you can access cash deposits, withdrawals and higher limits on your transactions. You verify your account on our website. You can access verification by signing in, hovering over "Wallet" in the top right and clicking "Get verified".
There are two levels of verification, one and two. Each has special limits and requirements.
Level one verification is a basic tier that allows you to send and receive up to 500 Barbados dollars per month. This can be in either supported currency, Barbados dollars (BBD) or bitcoin (BTC). Trading, cash deposits and cash withdrawals are not possible at level one.
The requirements for level one are name, date of birth, telephone number and address. Click on "Level one" on the left and then on "Get verified" to add this information.
Level two enables cash deposits and withdrawals, as well as access to the exchange for trading. It is also done via the website. Your limits increase to 20000 BBD per month in either Barbados dollars or bitcoin.
While signed in at www.bitt.com, hover over "Wallet", then click on "Get verified". Click on "Level two" to begin. You must complete level one before you can complete level two.
The requirements for level two are as follows:
+ Proof of address
This can be any document from an organisation that acknowledges your current place of residence. It must show your name, date, address and the issuing organisation. It must be no older than three months. Examples of proof of address include: a utility bill, a bank statement, a tenantry letter
+ Photo ID
Your photo ID is any government-issued ID that bears your face. You can use a national ID, passport or drivers licence. The ID must be currently valid.
You'll be taking a picture of or scanning the documents mentioned above, then uploading them by clicking the "Get verified" button under "Level two". If you choose to use a national ID or driver's licence, you'll need separate images of the front and back. Pay special attention to the prompts for each side. Your approval can take up to two business days and you'll be notified via email of any delays and completion.
This level is for businesses and individuals who transact at high volumes. The limit for level three is up to 300000 Barbados dollars per month. The requirements are a level two account, plus additional documentation dependent on what the account will be used for.
For an individual high volume account
+ Source of funds
+ Documentation corroborating source of funds
For a business/organisation
+ Articles of incorporation
+ Ownership and control structure documentation
+ Bank letter of good standing
+ Shareholder and director KYC information
+ Source of funds and corroborating information
All documentation can be submitted to email@example.com.