Identity Verification [ KYC ] Level 1

KYC stands for Know Your Customer. It is an identity verification process. Like when we open an account through various transactions Then you have to use your ID, Parspot, that is to confirm that you really are us when doing certain transactions. This may not seem very complicated. But need to be used To check if that person is really us or not and not allow the impersonator to open an account or conduct a transaction.

Daily Withdrawal Limit: 1,500 USD ( Monday – Friday )

If you want to verify your identity urgently, you can contact live support immediately.


Begin the KYC Level 1 process

1.1 Sign In to account
1.2 Select 3 tick bars on the top left

Step no. 2

2.1 Select Profile
2.2 Select Verification

Step no.  3

Check the current level, if it is level 0 it will be KYC level 1. Click Next Step

Step no. 4

4.1 Select the type of document required for KYC by using only one of between

  • ID card picture
  • Passport image, the page with profile and picture.

4.2 Press the paper image with the down arrow. To upload images of the selected categories
4.3 Choose files or photographs, but the image and text must be clearly visible.

Examples of correct documents
Straight-face document image Clear text
Invalid document example
The document image is distorted, not straight
Invalid document example
The image of the document text is not clear

Step no. 5

5.1 Choose an upload image

5.2 Press Send

Step no. 6

Notice the clock mark and the word Request is pending shows that it is complete. Wait for the system to verify the information is done

Step no. 7 (Completed KYC format)

7.1 After waiting for the verification system, you will have Level 1 displayed.
7.2 On the part of the withdrawal system and other systems have been examined and can be used.

After approval at Level 1
You will be able to withdraw no more than 1500 USD per day.

You can find the KYC Level 2 verification procedure here. Identity Verification KYC Level 2

If money transfers and withdrawals take longer than notified
Members can notify via Live chat.