1. Introduction

This Anti-Money Laundering and Know Your Customer (AML/KYC) Policy is developed to minimize the risk of Buy-bitcoin’s involvement in illegal financial activities and to ensure compliance with international regulatory standards.

2. Purpose of the Policy

Buy-bitcoin adheres to strict regulations aimed at preventing the laundering of criminal proceeds and the financing of terrorism. The implementation of these standards serves as proof that the service strictly prohibits the use of its platform for unlawful purposes.

3. Responsible Use

The service firmly warns users that it is strictly prohibited to use the platform for:

Laundering of criminal proceeds;
Financing terrorism;
Participation in fraudulent schemes;
Purchasing prohibited goods or services.

The administration, staff, and owners of Buy-bitcoin are not liable for any illegal activities committed by individuals misusing the platform.

4. Application Requirements

To prevent illegal transactions, all applications submitted through the platform must meet the following criteria:

4.1. The sender and recipient must be the same individual. Transfers to third parties are not allowed.

4.2. Users must provide accurate and up-to-date contact and personal information.

4.3. The use of anonymous networks (VPNs, Tor, proxy servers) when placing orders is strictly forbidden.

5. List of Prohibited Platforms

Buy-bitcoin does not accept funds from suspicious or prohibited platforms. Transfers originating from such sources may be blocked. These platforms include (but are not limited to):

Bitpapa, NetEx24, Bitzlato, DoubleWay, MEGA DARKNET MARKET, Garantex, 1xBit, Stake, Primedice, OMGOMG, DuckDice, Wasabi Wallet, Gandhiji.io, Hydra, NVSPC, Roobet, Tornado, WEX Exchange, Yolo Group, Black Sprut, BTC-e, ChipMixer, DuelBits, FreeBitcoin, Darknetone, Commex, Trocador, Anonexch, Shinbad.io, Genesis Market, Lazarus Group, Cryptomus , and others.

Important: Receiving funds from Rapira and Capitalist is not supported.

6. Identification and Verification Procedures

Buy-bitcoin follows international verification standards and reserves the right to:

Request identity verification documents;
Verify the source of funds;
Require video identification confirming ownership of the funds and the transaction;
Record transactions on video with key data (hash, addresses, amount, date);
Refuse service if violations or discrepancies are detected.

Verification may take up to 7 business days after all required documents are submitted.

7. Designated Compliance Officer

Buy-bitcoin appoints an authorized compliance officer responsible for the implementation and oversight of AML/KYC policies. Their duties include:

Implementing and updating internal procedures;
Analyzing transactions and detecting suspicious activity;
Coordinating with law enforcement when necessary;
Maintaining proper documentation and reporting standards.

8. Automated Monitoring Systems

The platform’s internal system ensures:

Daily screening of users against sanctions lists (e.g., OFAC);
Monitoring of suspicious activities;
Conducting internal investigations and generating reports.

9. Behavioral Analysis

In addition to identity verification, Buy-bitcoin monitors user behavior patterns to assess risk and prevent potential violations.

10. Actions in Case of Suspicion

If there are reasonable grounds for suspicion, the administration reserves the right to:

Suspend the transaction;
Initiate re-verification;
Request additional information;
Report the case to competent authorities via the authorized officer.

11. Data Confidentiality

Buy-bitcoin ensures the protection of user personal data:

Information collected during verification is not disclosed except where required by law;
The confidentiality obligation remains in effect even after termination of service;
Data sharing may occur within affiliated financial institutions working with Buy-bitcoin, provided AML regulations are observed.

12. Conclusion

Buy-bitcoin bears no responsibility for attempts to use the platform for criminal purposes but makes every effort to prevent and block such activities.

The platform reserves the right not to disclose the reason for blocking an account or transaction if such disclosure could undermine the effectiveness of its anti-abuse measures.

By initiating a transaction, the user confirms their agreement with this policy and undertakes to comply with it fully.

AML/KYC Policy