To comply with global regulatory framework and enhance the security of your crypto transactions, we’re soon introducing the Travel Rule, which brings new requirements for crypto withdrawals and deposits. Let’s take a closer look at what this means for your crypto experience.
What is the Travel Rule in crypto?
The Travel Rule for crypto requires that certain transactions include additional information about both the originator and beneficiary. This regulatory measure is designed to ensure your funds are sent to trusted entities.
You can read more about it in our detailed article in the Bitstamp Learn Center.
How will it affect you?
Before sending or receiving crypto, you’ll be asked to fill in a few quick details. When making deposits or withdrawals on the Bitstamp web platform or mobile app, you’ll see a Travel Rule prompt asking for some additional information.
You’ll only need to complete these steps once for each wallet address.
If withdrawing to or depositing from a self-custody wallet
A self-custody wallet is one that you control directly, meaning you hold the private keys (e.g., hardware or mobile wallets).
If withdrawing to or depositing from an exchange wallet
What to do at the moment?
No action is required from you at this moment. We’ve already prepared everything on our end and will notify you once the Travel Rule goes into effect.
For specific questions, check out the Travel Rule FAQ or contact us at [email protected].
Thank you for your trust and choosing Bitstamp.
The Bitstamp team
What is the Travel Rule in crypto?
The Travel Rule for crypto requires that certain transactions include additional information about both the originator and beneficiary. This regulatory measure is designed to ensure your funds are sent to trusted entities.
You can read more about it in our detailed article in the Bitstamp Learn Center.
How will it affect you?
Before sending or receiving crypto, you’ll be asked to fill in a few quick details. When making deposits or withdrawals on the Bitstamp web platform or mobile app, you’ll see a Travel Rule prompt asking for some additional information.
You’ll only need to complete these steps once for each wallet address.
If withdrawing to or depositing from a self-custody wallet
- For all transfers - You must provide counterparty details and confirm the wallet type as self-custody.
- In certain cases - We may need you to provide additional details or verify ownership of the address.
A self-custody wallet is one that you control directly, meaning you hold the private keys (e.g., hardware or mobile wallets).
If withdrawing to or depositing from an exchange wallet
- For all transfers - You must provide counterparty details and select the exchange from a dropdown menu.
- For deposits - We will attempt to gather the required information automatically before requesting additional details from you.
What to do at the moment?
No action is required from you at this moment. We’ve already prepared everything on our end and will notify you once the Travel Rule goes into effect.
For specific questions, check out the Travel Rule FAQ or contact us at [email protected].
Thank you for your trust and choosing Bitstamp.
The Bitstamp team
