VALR has 3 verification levels:
1) Semi-verified (currently not activated): To become a semi-verified customer, you will need to provide your name and verify your mobile phone and email address. (Please note that semi-verified customers will not be able to make full use of the VALR platform and will have a low lifetime withdrawal limit as indicated in the table below.)
2) Fully-verified: To become a Fully-verified customer, in addition to providing your name and verifying your mobile number and email address, you will need to provide your residential address and a government-issued ID (e.g., identity card/book, passport or driver's license). Follow the prompts during the sign-up process.
3) Fully-verified PLUS: To become a Fully-verified PLUS customer, after becoming a verified customer you will need to enable 2FA using an Authenticator app on your account.
The table below outlines the features and withdrawal limits associated with each verification level:
|Crypto funding (Bitcoin and Ethereum only now)||Yes||Yes||Yes|
|Fiat funding in ZAR||-||Yes||Yes|
|Crypto withdrawal limit||0.2 BTC* lifetime||0.2 BTC* daily||100 BTC* daily|
*or equivalent value in other cryptocurrencies