KYC Limits: How Much Are They and Why Do They Exist?

If you clicked the link to this article, you're wondering why we have Know Your Customer limits. As part of our best practices of operation Niftify has implemented a KYC policy that all users should follow in order to enjoy all the features of Niftify. Why? We have embraced legitimacy and legality to give our […]
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June 28, 2022
If you clicked the link to this article, you're wondering why we have Know Your Customer limits.
As part of our best practices of operation Niftify has implemented a KYC policy that all users should follow in order to enjoy all the features of Niftify.
Why?
We have embraced legitimacy and legality to give our customers, artists, buyers and sellers the safest most well-managed marketplace we can possibly provide.
How does this work?
We require all users who trade $1000 in value or more within 24 hours or up to $3000 in value over a 30 day period to verify their identity in order to prevent money laundering and eliminate potential for illicit transactions which may put our customers in danger or damage the good name of Niftify. We value our users right to privacy, however in the modern world people are required to verify their identity to prevent terrorism funding and a wide variety of other crimes that happen in anonymous settings.
You can find more information by reading our KYC policy linked here: https://marketplace.niftify.io/policy/aml
How do I get verified?
If you haven't been yet, it's very simple. Go to Get KYC Verified, click it and follow the prompts. When your information is verified there will be a check mark and the words KYC Performed. This can be done within minutes with the assistance of our partners Sumsub. As long as you properly follow their instructions and provide the correct information, your account can be verified within minutes, not days.
Can I ask for help if something happens?
Certainly. Our support is available around the clock and we will always help you whenever needed.
Can you please just wave me on through?
Absolutely not. That is not how this process works. Every user should be prepared to verify their identity legitimately in order to use the features of Niftify. We work with Sumsub specifically to allow professionals in the ID verification industry to do the work of verifying your information and we will not make exceptions for any user. This is for your safety and ours. Please do not ask. Our support cannot interfere with Sumsub. 

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