As an electronic money institution under Dutch law Bitsafe needs to verify the source of all incoming transfers. As a result Bitsafe has technology and processes in place to determine this source. Sometimes we need your help.
If we know that the source of money is you and we have sufficient documentation to verify this, the process of moving funds to and/or from your account is much easier, and therefore less expensive.
The price list on the website of www.bitsafe.com gives a full overview of this pricing related to “own account” incoming and outgoing transfers.
Bitsafe uses technology to identify your “own accounts”. We may ask you for further documentation if we are unsure if the accounts (or subaccounts, wallets, settlement accounts) are in your name. Bitsafe kindly asks your co-operation to prove your “own account” ownership in order to reduce your processing and payment fees.