Types of Account
Last updated: 30 July 2018


ADAX Exchange is applying three levels of account’s types General, Standard and Business account as the following requirements and limitations of upgrade levels respectively:

  • General Account: which is the first level of account types for any registration to start receive our services;
    • General account requires only an email address to register into our database.
    • General account limitations are:
      • Trading assets: Cryptocurrency to Cryptocurrency trades only;
      • Withdrawals & outgoing transfers: USD 10,000 per month in equivalent (subject to account activation;
      • Deposit & incoming transfers: No limitation;
      • Linked bank account: Not available*;
      • Credit Cards: Not available*.
  • Standard Account: which is the second verification level of account types upgrade in the registration process to receive our services;
    • Standard account requires the requirements: (in addition to A terms)
      • Full Name;
      • Personal Data;
      • Proved Address;
      • Source of Funds;
      • Profession Details;
      • Mobile Phone Number;
      • Bank Account Details (The beneficiary must be same account holder);
      • Supporting Documents such as Passport Copy, National ID, Driving License, Utility Bill, Bank Statement and any additional required documents;
      • KYC questionnaire.
    • Standard account limitations are:
      • Trading assets: Cryptocurrency to Fiat trades and vice versa;
      • Withdrawal & outgoing transfers: USD 100,000 Equivalents per month;
      • Deposits & incoming transfers: No limitation;
      • Linked bank account: available*;
      • Credit Cards: Available*.
  • Business Account: which is the highest verification level of account types upgrade in the registration process to receive our services as corporate account or High Net Wealth Individual (HNWI);
    • Business account requirements: (in addition to B terms)
      • Annual Income Proof;
      • Source of Funds Proof;
      • Advanced Personal Details;
      • Advanced Business Details;
      • Business Shareholders Proof;
      • Supporting Documents such as Certificate of Incorporation, Commercial License, Memorandum of Association, Article of Association, Delegation Letter, Business Utility Bill, Bank Statement and any additional required documents;
      • KYC questionnaire.
    • Business account limitations are:
      • Trading assets: Cryptocurrency to Fiat trades and vice versa;
      • Withdrawal & outgoing transfers: USD 100,000+ Equivalents per month;
      • Deposits & incoming transfers: No limitation;
      • Linked bank account: available*;
      • Credit Cards: Available*.

Stage one of the default registration into ADAX Exchange is considered “General Account” type which is not verified level and you have to provide all required information and documentations to complete your registration and upgrade process to verified your account type to be able to utilize additional trading, withdrawal and transferring facilities, that will help us to apply our Compliance Policy and facilitate the other supplementary services accompanied with your account, meanwhile periodically for purposes of updating our records and on-going due-diligence practices, then users are required to update their accounts information and documentations upon request – or if expired or changed- as a part of our commitment to keep up-to-date records and proper database, otherwise; we have the right to suspend the account and/or any outstanding transaction until the required update process being completed and approved by our end, noting that required update doesn’t guarantee the eligibility of same account level at all times if was not met our requirements and/or any regulations updates, meanwhile you must promptly update us of any changes to the customer information and/or documents provided to us within three days of effecting such changes.



*Subject to service release and timing of availability.