Transak has made the NFT Checkout process seamless, providing a swift checkout process when minting/purchasing an NFT. Depending on the transaction size and monthly volume, we are asking for the following information:
| KYC Type | Transaction limits | Monthly limits | Information required |
|---|---|---|---|
| Light KYC | $0.01 to $500 | $500 for USD | |
| $1,000 for other currencies | User details (name, date of birth, phone number, address) | ||
| Standard KYC | $500 to $3000 | $25,000 for USD | |
| $50,000 for other currencies | Light KYC details + Upload of government ID (passport, ID card, driving license) + Liveliness check | ||
| Enhanced KYC | $3000+ | $50,000 for USD | |
| $100,000 for other currencies | Standard KYC details + source of funds |