New: Verification Levels
Our profile verification workflow is very cumbersome (yes, we heard you! 😅). To address this, we spent the last few weeks improving it.
You want to trade small amounts of Bitcoin or AXS? Don't worry, you can go through verification in a few minutes.
Are you a 🐳? We got a level of verification for you.
Want to skip the rest of the update and just see your tier? Click here.
Who should read this?
If you have never gone through our verification process, you can probably skip reading this blog post. Only our current customers will see a change. This blog post is here to give you a heads of up what’s coming so you can prepare.
What these Tiers are
This means if you are Tier 3, then you can deposit up to P400,000 a day, and withdraw up to P400,000 a day.
When you fill up your profile, you can stop at a stage fit for you.
What is my Tier?
Don’t worry, we got you! Your tier can be found here.
When the feature is turned on for your account, those will be the new limits. There are no more trading limits -- trade as much as you want!
How do I know what my usage is?
Easy! In the deposit and withdrawal pages, you will see your limits.
If you happen to type an amount larger than the limit, the app will tell you.
When will this start?
Existing verified customers who can trade on BloomX will have this turned on in the next few weeks.
New customers or customers who haven’t been verified yet will already be on this system.
You'll know it's on when you see the usage meter on the deposit and withdrawal form.
Your limit is in Pesos. Does it apply to crypto?
The limits are currently applied to:
Peso deposits
all withdrawals (Peso and crypto)
When dealing with crypto, we take the Peso equivalent at the time you create the withdrawal.
In the future, we will apply this limit to crypto deposits as well.