Do crypto watch dealers require KYC?
It depends on invoice size and jurisdiction. Buy Crypto Watches is deliberately data-minimal: for crypto invoices under €10,000, typically no identity documentation is required. Above €10,000 we may request basic ID; above €50,000 we typically request source-of-funds documentation per EU and GCC AML expectations. We do not market ourselves as "no-KYC" — that would be inaccurate and unsustainable for high-value cross-border transactions.
Why not just skip KYC entirely?
Because luxury-watch settlement crosses regulated banking rails on the sell side, insured shipping crosses customs, and neutral Swiss escrow requires KYC by law. A dealer promising 'zero KYC ever' at any invoice size is either handling small tickets only or is exposed to counterparty and regulatory risk that will eventually rebound onto the buyer.
What counts as source-of-funds documentation?
For a crypto buyer, typically a screenshot of the exchange withdrawal or wallet history showing accumulation over time, or documentation of the original fiat-to-crypto purchase. For OTC-earned crypto, a short written explanation. We accept the format that fits your situation — the goal is a defensible file, not friction.
Last updated: July 2026