CoinSmart gives its clients the ability to make a crypto withdrawal from their account immediately. There are no long withholding periods to get your funds out of your account! However, we do ask for additional information to make your first withdrawal to fight fraud and improve the security of our platform. Here is the CoinSmart withdrawal policy:
1. After making your FIRST fiat deposit, you must provide a selfie photo of you holding your Government-issued ID and a note that states "CoinSmart" with today's date, and e-mail it to email@example.com in order to complete a withdrawal. This is only required once.
***Note: If you have an older account and have never previously submitted a selfie photo, you are also required to fulfill this requirement when requested.
2. All withdrawals, after completing the one-time selfie requirement, will be processed within 24 hours.
As a regulated Money Services Business CoinSmart is required to follow stringent KYC (Know Your Client) and AML(Anti-Money Laundering) policies. By asking for more information, we ensure the security of all accounts on the exchange.