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Cryptonit is an exchange service based in London, UK. The exchange was founded by Andrei Yanukovich and a group of cryptocurrency enthusiasts in 2012, and it works in close collaboration with FCA (Financial Conduct Authority of UK). Their focus is primarily on the European market, and they’ve managed to establish themselves as a reliable trading platform.

Cryptonit Verification[edit]

The verification process for Cryptonit account is simple and requires the following:

Scanned ID document (national ID, passport or driver’s license) Proof of residence (a utility bill addressed to the user) A photo of the user holding the documents in his hands. After these requirements are met, the user needs to have a short video chat with Cryptonit staff to show them the same documents during the conversation. In case that quality of the video isn’t good enough, the user can be asked to submit the document scans again.

When it comes to the limits, daily limit for unverified accounts is 100 EUR.

The exchange supports only two fiat currencies – US dollars and EUR. When it comes to cryptocurrencies, the trading platform supports the following cryptocurrencies:

  • Bitcoin
  • Litecoin
  • Dogecoin

The exchange used to support a number of coins including Namecoin and Peercoin, but over the years they decided to stop trading in these digital currencies.

See Also on BitcoinWiki[edit]