The crypto market is subject to a number of certain rules and regulations which make it mandatory for most crypto services to have the AML/KYC procedure implemented.
NOWPayments strives to protect our clients from any type of scams and fraudulent activities in the crypto world and complies to all rules and regulations present at the moment, and one of the ways that enables us to do so is the KYC/AML procedure.
For merchants/customers who only work with cryptocurrency (no fiat), we only ask you to pass the KYB/KYC procedure in a rare case when a certain transaction is marked as suspicious. See below why that may happen and what you can do.
If some of your transactions are marked as suspicious, we put them on hold and ask you to pass through the KYC/AML procedure. It includes a few steps, among which we ask you to provide the following documents: