As a cryptocurrency wallet and exchange service provider, Gobitchain.net is committed to maintaining the highest level of security and compliance with anti-money laundering (AML) policies. In order to ensure that our platform is used only by legitimate users, we have implemented a Validation Requirement and Deposit process.
So, what exactly is a Validation Requirement and Deposit?
A Validation Requirement is a financial capacity test that a user must pass in order to use our platform for larger transactions. It is a way to verify that the user has the financial capacity to complete transactions on our platform and is in compliance with our AML policies.
The Validation Deposit is the amount of cryptocurrency that the user must deposit into their Gobitchain.net wallet in order to meet the Validation Requirement. The amount of the deposit is decided by our Validation Team based on various factors such as the user’s transaction history, account activity, and other factors.
Once the Validation Deposit is made, the user’s account will be evaluated by our Validation Team to determine if they have met the financial capacity test. If the user has met the Validation Requirement, they will be able to use our platform for larger transactions.
It is important to note that the Validation Deposit is not a fee or a charge for using our platform. It is simply a way to verify the user’s financial capacity and ensure that our platform is not used for illegal activities.
At Gobitchain.net, we understand that making a large Validation Deposit can be a daunting task for some users. That is why we allow users to make multiple deposits until they reach the required Validation Deposit amount. Additionally, our Validation Team will communicate the Validation Requirement and Deposit amount to the user through the right communication channel.
In conclusion, the Validation Requirement and Deposit process is an essential component of our commitment to security and compliance with AML policies. By ensuring that our users have the financial capacity to use our platform for larger transactions, we can prevent fraudulent activities and maintain the integrity of our platform.