Safety & Security:
Is Biteeu a regulated cryptocurrency exchange?Yes, Biteeu is fully regulated and licensed on the territory of the European Union. Hence, Biteeu is compliant with the European Union’s Anti-Money Laundering (AML) regulations.
What is IP address whitelisting procedure and why perform it?Ip whitelisting allows for extra security and helps to protect your account in case if you lose your API keys or login credentials. You need to explicitly enable this feature and require Two-Factor Authentication to update. After you set one or more whitelisted IP addresses, Biteeu will only authorize trades or withdrawals exclusively from those IPs.
Why is it important to identify your identity?In order to comply with the European Union’s Anti-Money Laundering regulations and international acts Biteeu performs several procedures and identity verification is just one of them. Identity verification helps us to protect our clients from fraud and our platform from intruders. This is just one of the tools we use to make sure our platform is not used to launder money, finance terrorism or commit other illegal activities.
How long does it take to get verified?Usually, not more than one day, however, in some cases it might take longer.