As a registered money-service business (MSB), Bitcoin Well is regulated by FINTRAC and required to comply with certain KYC/AML policies, specifically pertaining to the exchange and transfer of Virtual Currency (VC). Our limits at the ATMs are take directly from FINTRAC guidance which can be found here: https://help.btcw.ca/kyc
The Onboarding process requires a photo of the front and back of valid, Canadian-issued identification (such as a driver's license) and a liveliness selfie. This process will be initiated at the ATM and completed on your mobile device.
Once the Onboarding is complete, it is valid for one year or until the provided identification expires, whichever happens first. Verified customers have no purchase limit.
You can complete your Onboarding ahead of time by heading to our Online Onboarding Process.
