KYC Verification Levels

Swipelux supports three tiers of identity verification, each designed for different risk profiles and transaction volumes.

Simplified KYC

Minimal verification suitable for low-risk, low-value transactions.

Required Information:

First name
Last name
Date of birth

When it's used:

ZeroKYC is enabled in Swipelux Onramp configuration
Transaction amounts below simplified thresholds
Low-risk jurisdictions

Simplified KYC allows customers to start transacting quickly with minimal friction, while maintaining basic compliance requirements.

Standard KYC

Full identity verification through document verification.

Required Documents:

Government-issued ID (passport, driver's license, or national ID card)
Selfie for liveness check

Process:

Create customer via API
Initiate KYC verification
Customer completes verification via provided URL
Status updates automatically upon completion

Accepted ID Documents:

Document Type	Code
Passport	`passport`
Driver's License	`drivers_license`
National ID Card	`id_card`

Enhanced KYC (Enhanced Due Diligence)

Additional verification required for higher-risk scenarios.

Required Documents:

Everything from Standard KYC, plus:
Proof of address (utility bill, bank statement dated within 90 days)
Proof of funds (bank statements, pay stubs, tax returns, or other documentation)

Triggers for Enhanced KYC:

Transaction volume exceeds standard thresholds
High-risk jurisdiction
Compliance team flag based on risk assessment
Regulatory requirements

Proof of Address Requirements

Document Type	Requirements
Bank Statement	Issued within last 90 days
Utility Bill	Electricity, gas, water, internet - within last 90 days
Government-Issued Letter	Tax notice, official correspondence - within last 90 days

Proof of Funds Requirements

Document Type	Description
Bank Statements	Recent statements showing sufficient balance/income
Pay Stubs	Employment income verification
Tax Returns	Annual tax documentation
Investment Statements	Brokerage or retirement account statements

Enhanced KYC document requests are currently handled via direct email communication from our compliance team to the customer's registered email address. The customer's status will show under_review during this process.