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KYC Tiers and Withdrawal Limits
KYC Tiers and Withdrawal Limits

Learn more about our withdrawal limits.

Updated over a week ago

At Koyn, ensuring the security and integrity of our platform is our top priority. To enhance your experience and maintain the highest standards of safety, we have implemented a three-tiered KYC (Know Your Customer) system with corresponding withdrawal limits. Here's a breakdown of our KYC tiers and withdrawal limits:

Tier 1:

For Tier 1, the withdrawal limit is set at ₦500,000 every 24 hours. The best part? You only need a Koyn account to achieve Tier 1 status. This means that by simply creating a Koyn account, you can start enjoying secure transactions up to ₦500,000 within a 24-hour period.

Tier 2:

To unlock Tier 2 privileges, which include a higher withdrawal limit of ₦5,000,000 every 24 hours, we require a bit more information. You'll need to provide us with your selfie and either your national ID or BVN (Bank Verification Number). This additional verification ensures a safer environment for everyone while enabling you to access higher withdrawal limits for your transactions.

Tier 3:

For those seeking even greater flexibility, Tier 3 offers unlimited withdrawal limits. To reach Tier 3 status, kindly provide us with your proof of address. Once verified, you'll enjoy the freedom of unlimited withdrawals.

Rest assured, our KYC tiers are designed with your security in mind. We appreciate your cooperation in providing the necessary verification details, as they enable us to maintain a secure and trustworthy environment for all Koyn users.

If you have any questions or require assistance with your KYC verification, please don't hesitate to reach out to our support team. Thank you for being a valued member of the Koyn community!

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