Transak Different KYC Levels | Transak

Transak offers a multi-level KYC structure to balance user convenience with regulatory compliance. Each level is designed for a different type of user, from someone making a quick low-value purchase to an institution moving large amounts.

The Multi-level KYC are:

Level 1 — Light KYC
Level 2 — Standard KYC
Level 3 — Enhanced KYC

KYC Levels

KYC Level	Purpose	Transaction Limits	Onboarding Time
Level 1: Light KYC	Quick onboarding for low-value transactions	$10 to $200	Around 30 seconds
Level 2: Standard KYC	Higher limits for everyday Web3 use cases	Up to $25,000	Around 10 minutes
Level 3: Enhanced KYC	High-value transactions and institutional access	Up to $75,000	Up to 1 day

Key Factors for KYC Level Classification

Key Factor	Description
KYC Country	The country selected by the user in their address document
Transaction Limits	Based on payment method, product type, fiat currency, and transaction amount
Time Based Limits	Daily, monthly, and yearly caps applied on top of per-transaction limits
Risk Engine Evaluation	Internal risk engine prompts Standard KYC when initial checks are not satisfied
Fiat and Payment Method	Some fiat and payment method combinations are not allowed under Light KYC and trigger Standard KYC

KYC Country

Some countries are not eligible for Light KYC due to local compliance requirements. You can check which countries support Light KYC using the Get Countries API. The isLightKycAllowed flag in the response tells you whether Light KYC is available for that country.

Documents Required

Different KYC levels need different documents. The table below shows what is collected at each level.

Document	Light	Standard	Enhanced
Name	Yes	Yes	Yes
Phone Number	Yes	Yes	Yes
Date of Birth	Yes	Yes	Yes
Address	Yes	Yes	Yes
Country	Yes	Yes	Yes
SSN (US only)	Yes	Yes	Yes
ID Verification (Photo)	No	Yes	Yes
Live Selfie	No	Yes	Yes
Additional Documents (Proof of income, source of funds, etc.)	No	No	Yes