Level Up Your Limits
Get yourself approved within minutes.
Here's How to Verify
Step 1
Verify Phone Number
Step 2
Submit ID
Step 3
Take Selfie
Step 4
Answer Questionnaire
STEP-BY-STEP GUIDE
How to Use a Localcoin Bitomat
A quick video tutorial on how to use a Localcoin Bitomat
Level Up Your Limits & Benefits
Level 1 (CDD) | Level 2 (EDD) | |
|---|---|---|
Transaction Limit | 2,999 € / 12,300 zł | 10,000 € / 41,000 zł |
Daily Limit | 10,000 € / 41,000 zł | 50,000 € / 205,000 zł |
Monthly Limit | 15,000 € / 61,500 zł | 200,000 € / 820,000 zł |
Annual Limit | Up to 30,000 € / 123,000 zł | Up to 500,000 € / 2,050,000 zł |
Customer Support | Standard Support | Priority Support |
Sign-Up Process | ID and Purpose of Relationship | ID and Documented Source of Wealth / Source of Funds |
Daily, monthly, and annual limits cover the sum of all of the customer's cash transactions in the Direct POS channel, calculated over rolling windows: 24 hours, 30 days, and 12 months.
Amount Thresholds
Transaction Amount | Requirements |
|---|---|
Up to 999.99 € | ID and Purpose of Relationship (Level 1). No Source of Funds (SOF) declaration. |
1,000 - 2,999.99 € | Level 1 + Source of Funds (SOF) declaration in the application + elevated scoring in transaction monitoring. |
3,000 - 10,000 € | ID and Documented Source of Wealth / Source of Funds (Level 2). |
Over 10,000 € | Transactions not permitted. EU-wide cash payment limit (Article 80 of Regulation [EU] 2024/1624). Also applies to linked transactions that exceed the threshold in aggregate. |
Common Rules
- Aggregation of linked transactions: the EUR 1,000 / 3,000 / 10,000 thresholds also apply to the sum of linked transactions (in particular, transactions by the same customer within a 24-hour window, regardless of the number of devices). Reaching a threshold via an aggregate amount produces the same effects as a single transaction of that value. Aggregation scenarios are to be mapped in the Transaction Monitoring Manual (TM matrix).
- Currency conversion: the PLN equivalent of the thresholds and limits is determined using the average NBP (National Bank of Poland) exchange rate from the business day preceding the transaction date.
- Limit breach: exceeding the daily, monthly or annual limit results in refusal to process the transaction until the limit renews or the customer migrates to a higher verification level.
- Circumvention attempts: attempts to circumvent the thresholds (structuring/smurfing) constitute a warning signal (red flag) and are analysed in accordance with the Transaction Monitoring Manual and – where necessary – escalated to the AML Officer.
- Non-cash limit: the EUR 1,000,000 daily limit referred to in point 5.2 of the AML Procedure (Level 2) remains in force for non-cash channels; for the Direct POS cash channel, the separate limit specified in the table in point 1 applies.
Legal basis: Regulation (EU) 2024/1624 (AMLR) – Art. 80 (EUR 10,000 cash payment limit) and the identification obligation for occasional cash transactions from EUR 3,000; Regulation (EU) 2023/1113 – information accompanying transfers (EUR 1,000 threshold); StaBillon sp. z o.o. Anti-Money Laundering and Counter-Terrorist Financing Procedure – chapter 3 and point 5.2; KYC/KYB Manual – points 3.5 and 4.2.
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FAQ
Most KYC verifications are processed within 24-48 hours after submitting your information and documents through our secure Sumsub verification portal. However, some applications may require additional processing time due to enhanced checks or if further details are needed. You’ll receive a confirmation email once your verification is complete.
We accept valid, government-issued photo IDs, such as a Polish Passport or driver’s license. Ensure your ID is not expired and clearly shows your name, photo, and other relevant details. You’ll need to upload a photo of your ID during the verification process via our Sumsub portal. For best results, take the photo in a well-lit area and avoid covering any part of the document.
Yes, your personal information is fully secure. Localcoin uses Sumsub, a trusted and industry-leading verification platform, to process KYC data. All information is encrypted with bank-grade security protocols and stored in compliance with regulations and Polish privacy laws. We only collect the data necessary for verification (e.g., name, phone number, ID, address) and never share it with third parties beyond what’s required for compliance.
To verify your identity, you’ll need:
- A valid government-issued photo ID (e.g., Polish Passport, driver’s license).
- A cellphone capable of receiving text messages (to receive a one-time passcode) and taking clear photos of your ID.
- Your full home address.
If your application takes longer than 48 hours or is rejected, our Support Team may need additional details or clearer documentation. Check your email for any messages from us requesting further information. Ensure your ID is valid, not expired, and that photos are taken in a well-lit area without obstructions (e.g., no hats or face coverings). You can also contact our Support Team at [email protected] for assistance.
Yes! Once verified, your KYC status is linked to your account and applies to all Localcoin Bitomats across Poland. Simply use your verified phone number at any of our ATMs to access higher daily limits of 29,500 zł, yearly limits of 270,000 zł, and enjoy a 10% discount on transaction fees for every transaction, no matter the location.