Telegram’s Crypto Wallet Introduces New KYC Rules


Telegram Wallet has undergone significant changes, including the introduction of stricter KYC protocols and a switch to a new service provider.

On May 29, Telegram Wallet users were notified of several KYC system updates that now require additional personal information for certain transactions.

Wallet users will need to provide their name, phone number, and date of birth to access all Wallet features by default, except for withdrawals.

Under the new system, users must provide minimal information to achieve a “basic” identification level, which limits incoming cryptocurrency transactions to 3,500 euros ($3,780) per day and 35,000 euros ($37,800) per month without any document requirements.

The “extended” level requires users to present their national ID to unlock transactions up to 100,000 euros ($108,000) per day and 1 million euros ($1.08 million) per month.

Those seeking even higher limits must provide their residential address, which removes the upper limit on transferable funds. Restrictions also apply to card purchases and peer-to-peer transactions.

Back to News

Get access to new opportunities