CoinMover Purchase Tiers & Buying Limits

Tier 1

up to $2,995
  • Full Name
  • Email Address
  • Phone Verification (SMS)
  • Kiosk Photo
  • Sanction Screening
  • PEP Screening

Tier 2

up to $9,000
  • Tier 1, plus:
  • Government ID
  • Date of Birth
  • Occupation
  • Wallet Risk Scoring
  • SSN Entry

Tier 3

up to $50,000
  • Tiers 1 & 2, plus:
  • Annual Income
  • Overall Net Worth
  • Address Verification
  • Source of Funds

Tier 4

over $50,000
  • Tier 1 & 2 & 3, plus:
  • Proof of Funds
  • Background Check
  • Enhanced Due Diligence

INTERESTED IN PURCHASING MORE THAN $9,000 PER DAY?
FILL OUT OUR ONLINE FORM TO SUBMIT YOUR INFORMATION
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CoinMover Compliance Program

CoinMover operates as a money service business (MSB) registered with the U.S. Department of Treasury Financial Crimes Enforcement Network (FinCEN), in full compliance with all applicable federal and state laws. This includes but is not limited to the following: The Bank Secrecy Act of 1970 (BSA), the US PATRIOT ACT of 2001, Anti-Money Laundering (AML), Enhanced Due Diligence (EDD), and all KYC (Know Your Customer) regulations and requirements.

Customer Identification 

CoinMover's compliance program utilizes multiple third-party verification systems to thoroughly verify customer identity and determine a customer’s reasonable spending ability. Multi-tier systems in place effectively flag individuals attempting to circumvent company policy, alerting compliance analysts at the time of incident. CoinMover's back-end transaction data management system tracks every event occurring at the kiosk and utilizes kiosk surveillance cameras to confirm customer identity.

Transaction Monitoring

To best protect its customers and network, CoinMover takes a multifaceted approach to risk mitigation, fraud, and scam prevention. CoinMover’s Compliance team works in tandem with our frontline customer support agents to evaluate customer activity, cryptocurrency wallet risk, and all transactions through automatic and manual enhanced monitoring programs. This companywide synergy ensures careful policy adherence which guards the CoinMover network from malicious actors.

Compliance Screening

CoinMover employs the use of CipherTrace, a blockchain exploration technology to monitor cryptocurrency wallet risk scores and automatically prevent clients from transacting with terrorist, criminal, illegal, and dark web entities. The compliance department also utilizes Thompson Reuters CLEAR, which aggregates data from multiple databases to validate customer identity and provide full Enhanced Due Diligence background reports customized to flag financial crime.

 

CoinMover Customer Compliance Process & Workflow 

BSA AML KYC Process