Account Verification and Limits

BoomFi is required to complete Know Your Customer (KYC) or Know Your Business (KYB) checks before you can use OTC Exchange services and similar regulated products. This supports anti-money laundering (AML) obligations as a licensed Virtual Asset Service Provider. Verification differs for individuals and businesses, with two tiers: Level 1 provides access with restricted limits, and Level 2 offers higher limits.

Limits summary

Limit	Level 1 OTC	Level 1 Card	Level 2 OTC	Level 2 Card
Fiat to crypto	50,000 EUR / day	3,000 EUR / transaction · 5,000 EUR / day · 20,000 EUR / month	100,000 EUR / day	3,000 EUR / transaction · 10,000 EUR / day · 50,000 EUR / month
Crypto to fiat withdrawal	50,000 EUR / day	n/a	1 million EUR / day	n/a
Verification attributes (KYC)	Name, email, phone number, ID doc, liveness selfie, wallet screen	n/a	Level 1 + proof of address, proof of source of funds / source of wealth, wallet screen	n/a
Verification attributes (KYB)	Company docs, source of funds, business questionnaire + wallet screen	n/a	Custom KYB onboarding	n/a

How to start verification

In the merchant dashboard open Settings → Verification: https://app.boomfi.xyz/dashboard/settings/verification

Complete the steps shown for your account type. Contact support if you need higher limits.

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Account Verification and Limits

Limits summary

How to start verification

​Limits summary

​How to start verification

​Related

Limits summary

How to start verification

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