There are transaction limits that apply to each level of KYC completed. This limit refers to the total transaction amount that can be conducted at each account level.
Existing regulatory standards permit daily transaction limits to be increased depending on what level your account is on. This means that the more information you provide us to verify your identity, the larger amounts of crypto or cash you are able to transact on Bundle daily.
For KYC level one:
For KYC level two:
For now, there are only 2 KYC levels.
Why do these limits exist?
The Central Bank of Nigeria (CBN) directs financial institutions to verify the identity of their users before they can carry out certain transactions.
It's also very important to us that all our users are safe and secure, this means that we have to ensure we follow these guidelines religiously.
How to upgarde KYC
Bundle is closing its exchange services to focus on Cashlink as a payment solution in Web3. Users cannot buy/ sell or swap assets except for USDT. The last date of operations is the 10th of September 2023.
The Bundle app has been optimised to give users a better experience when trading crypto on Bundle.
Bundle is partnering with 3air, the world’s first blockchain platform that brings millions of unconnected users online and into blockchain and crypto. They also solve the connectivity issues faced in Africa using a proprietary solution that provides high-speed broadband internet wirelessly.
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