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swapter
Website
ToS

Exchange more than 1200+ coins on all available networks, quickly and easily.

KYC LEVEL 2

The exchange may request KYC from any user at any time, typically triggered by an automated flag system, leading to a temporary block of funds.

Automated Risk-Prevention System May require KYC/SOF by policy/law May block 'suspicious' transactions Refunds may require KYC No registration needed API available Source code is private JavaScript needed
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Last Check: 2024-10-15

Transaction Monitoring

The document states ongoing monitoring of transactions as an essential part of KYC procedures, including identifying transactions that fall outside the regular pattern of activity.

ToS section: "3. MONITORING OF TRANSACTIONS"

User Identification

Users are required to provide personal information and valid identification if their transaction is flagged as suspicious. User information is then verified by the third-party service Sum & Substance Ltd.

ToS section: "1. CUSTOMER IDENTIFICATION PROCEDURE"

3rd Party Data Sharing

User data is shared with a third-party service provider, Sum & Substance Ltd, for verification purposes.

ToS section: "1.3 Verifying Information."

Data sharing with authorities

The document states that upon official request, the service may provide relevant authorities with sender and recipient information when transferring virtual assets.

ToS section: "5. COLLABORATION WITH LAW ENFORCEMENT AGENCIES"

Blocking of funds

Transactions can be put on hold if deemed suspicious by the risk scoring system pending verification of the user's information.

ToS section: "1.1 Identification"

Account termination/blocking

Accounts can be blacklisted and services terminated if the information provided by the user is found to be incorrect, false, outdated, or incomplete.

ToS section: "1.2 Customers Who Provide Misleading Information"

Transaction flagging

The service includes a risk scoring system to flag suspicious transactions.

ToS section: "1.1 Identification"

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Logging

The document does not explicitly mention logging user data such as IP addresses or transactions.

ToS section: "N/A"

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