Account Level 1

SwissBorg has three account levels with different transaction limits, and those levels require different types of verification. 

• Level 1 - Proof of Identity: Deposits limited to EUR 5'000, Withdrawals limited to EUR 5'000.

• Level 2 - Proof of Residence: Deposits limited to EUR 50'000, Withdrawals limited to EUR 1’000'000.

• Level 3 - Proof of Funds: Deposits unlimited, Withdrawals unlimited.

The onboarding process includes Level 1 verification, where we will ask you to fill in information about yourself and your experience in crypto and finance. This personal data will be stored according to our Privacy Policy. 

To complete the onboarding and register a new account, you will first need to provide a photo of your ID, which can be:

• Passport

• ID card

• Driving license

After that, you will be asked to take a selfie.

Note that you will need to submit a photo of your original identity document - not a photo of an image or a scan of the document - and all information on it must be clear and readable.

For ID cards and driving licenses, you will need to submit two photos - one of the front and one of the back of the document.

Once your identity is checked and verified, you will receive an email notification.

The identity verification will unlock a Level 1 account, which allows deposits and withdrawals of up to EUR 5'000. For higher limits on deposits and withdrawals, you will need to submit more documents to pass the Level 2 and Level 3 verification.

For more information, go to the Legal section and the SwissBorg app Terms of Use.