Trading Limits and Verification Tiers

As you may know, there are multiple verification tiers on Amplify and we want you to understand the guidelines and how we allocate trading limits for the different levels on the platform. 

The tiers are based on your level of identity verification, and each tier is designed with a different trader in mind.  So today we are going to review the different levels available so you can decide which one is best suited for you and your trading needs! 

If you wish to review or increase your current limits, please log in, and review the Verification Status section of your Profile under Account Settings by clicking the icon in the upper left corner.

Every approved level above zero comes with access to unlimited trading with zero commissions and trading fees!

The Three Tiers of Amplify Brokerage

Tier 0

This tier is for Customers residing in restricted countries (such as the US or Canada) or who are unable to pass the Tier 1 AML (Anti Money Laundering) compliance process.

If you are stuck at this level and you believe it to be a mistake, please contact our support channel through the brokerage platform.

What Amplify Offers at Tier 0

  • This can best be described as “Read Only Access”
  • No Crypto or Fiat Deposit or withdraw abilities

What you need to make it to this tier

  • First and last name
  • Email address
  • Country of origin

 

Tier 1

This tier is designed for what Amplify calls “Entry Level Traders”.  Entry Level Traders are customers that have passed our AML Compliance, but not completed the full KYC process. Most users will fall under this category.

With Tier 1 you are able to deposit, trade, and withdraw Cryptocurrency. However, you are not able to deposit or withdraw fiat (government currency like Euros).

What you get from Amplify at Tier 1

  • Access to your own charting
  • Current Crypto news
  • Portfolio Management
  • Unlimited Zero Commission Trading
  • No Crypto Deposit Limits
  • Crypto Withdraw Limits:
    • Daily: $20,000,
    • Monthly: $250,000

What you need to make it to this tier

Once already registered as a Tier 0, we will need the following information for you to move onto Tier 1:

  • First and Last Name
  • Email Address
  • Country Of Origin
  • Pass the AML Compliance check
  • Tutorial Video

 

Tier 2

Customers fall into the tier two trading category if you want to be able to connect your bank account and perform fiat deposits and withdrawals with Amplify to buy and sell crypto.  Additionally, you will enjoy higher withdraw limits on your crypto holdings.  Tier 2 traders have completed both our KYC and AML Compliance process.  

What you get from Amplify in addition to Tier 1

  • Ability to deposit and withdraw Fiat
    • Daily Limit: $100K
    • Monthly: $1 Million
  • Higher Crypto Withdraw Limits
    • Daily: $100K
    • Monthly: $3 Million

What you need to make it to this tier

  • Address Verification
  • Government Issued ID
  • Must pass KYC and AML Compliance
  • Tutorial Video

 

Tier 3

This is for corporate and institutional clients only. Amplify has a manual review process that includes detailed checks on the account creator from previous tiers but also requires additional document uploads.

What you get from Amplify

  • Increased Fiat & Crypto Limits
  • Access to beta feature testing
  • All features in Previous Tiers

What you need to make to this tier

  • Corporate Application Form
  • Detailed Business Registration
  • Business Beneficial Ownership
  • Display Financial Health
  • Disclose Source Of Funds

Additional Information:

Increased limits are determined during onboarding based on your requirements.  Inquire here for more information on Tier 3.

Amplify employs a policy consistent with industry standards for Know Your Customer (KYC) verification and Anti Money Laundering (AML) scans. Our KYC/AML policy is primarily what dictates your trading limits.  Subsequently, the tiers and what is required for them may change from time to time. We will, of course, update this article and update our customers via email if any changes are made to the tier structure that impacts your account features or trading abilities.

If you wish to review or increase your current limits, please log in, and review the Verification Status section of your Profile under Account Settings by clicking the icon in the upper left corner.

As always, if you have any questions, you can reach out to our support team who would be happy to assist.   

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