The Anti Money Laundering Act sets out the minimum amount of information necessary for trading that an exchange office is required to find out about its customers. One of these is verification, i.e. checking the identity of the client. The amount of information required can be found in the box below. The official text of the documents can be found here: Money Laundering and KYC Act.

In addition, verification is used to keep purchases safe and to detect potential fraud.

Any client who completes verification with us will automatically receive a 5% discount on our margin. This discount is permanent.

By verifying, you automatically gain access to Simplecoin Wallet.