Update Purpose Of Usage

The Purpose Of Usage is an authenticated API call that is a mandatory step in the KYC process for both Simple KYC and Standard KYC.

As part of regulatory compliance, users must declare the purpose of their cryptocurrency transactions. This API allows you to submit the user’s intended use case by passing an array of supported purposes.

How It Works

• The purposeList parameter must be an array of one or more supported options.

• You can submit one or multiple purposes at a time.

• This is a required step before proceeding with order placement and further transactions.

Supported Purposes:

• "Buying/selling crypto for investments"

• "Buying NFTs"

• "Buying crypto to use a web3 protocol"