As a regulated financial institution, Paxos is held to the highest standards of trust and accountability. In order to increase your daily withdrawal limits, please submit your responses to the following questions to firstname.lastname@example.org :
- 1) What is your requested daily withdrawal limit in USD?
- 2) What is necessitating a modification of your withdrawal limits?
- 3) How do you plan to use the additional withdrawal capacity?
- 4) Submit Proof of Funds document(s) substantiating the requested increase amount. This can be a bank statement or investment account statement.
- 5) The source of funds in your account and how these funds are generated. For example, if the account is funded by Bitcoin, please note how and where the Bitcoin was sourced, such as from an exchange or mining process. If the account is funded by USD, please indicate how your USD funds were obtained. If redeeming stablecoins, what is the source from which you acquired your stablecoin(s)?
Additionally, if you have not previously formally answered the following questions, please provide the following:
- 6) The name and location of your employer, your title/position, and your annual salary.
- 7) The purpose of your account with us and your intended use of our products (Exchange, Paxos Standard, PAXG, BUSD, etc).
- 8) The anticipated monthly activity for Exchange trading activity and/or stablecoin purchases/redemptions (in USD).
- 0-5,000 USD/month
- 5,000-10,000 USD/month
- 10,000-50,000 USD/month
- Over 50,000 USD/month. Please specify:____________
- Please provide a recent proof of residence dated within the past 6 months. This can be a utility bill, phone bill, or bank statement that displays your name and current address.
Our Compliance team will review your request & corresponding documentation and get back to you as soon as possible.