Attention, dear clients! We urge you to carefully read and follow the main recommendations provided below to ensure the security of your transactions using electronic currency:

• Do not agree to participate in financial operations that involve using your bank accounts for the benefit of third parties. There have been precedents where users became involved in financial schemes without suspecting the malicious intent of those requesting the service.

• Also, remember the strict prohibition on using our service to send money to third-party requisites.

• Exercise utmost caution when entering the recipient's "Account Number" to avoid errors. Any mistakes made at this stage can lead to the unintended transfer of your funds to an unknown destination without the possibility of recovery.

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• Additionally, we want to emphasize that our service does not accept donations, provide loans, or engage in investment storage. If you receive offers allegedly from our service, please contact the official CHINA iTECH support team or send an email to contact@chinaitechpay.com.

• Due to the become frequent fraud any cases, at commission of an exchange we recommend to follow some precautions: Payments are made only on our website here, Requisites via telegram/skype. are not provided in any circumstances.

• Only scammers can offer to exchange money out of our website on our behalf. Always remember, ChinaitechPay will never Hold your money.

• If your acquaintance asks you to make transfer to any requisites using skype, icq or any other way of impersonal exchange of information, make to it a preliminary call for confirmation of his personality.

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• Please note that the only acceptable method of payment for exchange requests is through our secure website. We will never send payment details via email, Skype, ICQ, or phone calls. If you receive any payment details from us other than through the account creation process on our website, please disregard them and do not make any payments.

• Refrain from carrying out through your bank accounts of the money belonging to the third parties (even if you offer solid remuneration). As a result of similar operations you can become the participant of a penal crime. Our service will support users only by means of the following channels of communication:

KYC POLICY TERMS

What is KYC procedure and why is it getting so much attention? We tell you how it can keep you safe from fraudsters while preserving your anonymity. KYC and AML checks: why identity verification is needed in the cryptocurrency sphere. KYC (Know Your Customer) is a procedure for verifying a customer's identity and assessing potential risks from them. But why is it needed and why is it almost impossible to buy cryptocurrency today without verifying your identity?

Doesn't it contradict the original principles of anonymity and decentralization of the crypto industry? Today we'll break down what AML and KYC verifications are for and how they work. We will also tell you how verification will help reduce the number of scammers while maintaining the basic anonymity of users.

The copy must include: full name, full residential address, date of issue (within the last 3 months), name of the issuing authority with official logo or stamp; provide a copy of the front and back sides of the bank card and/or a photo of your bank card taken against the background of the main page of the Service (showcase with services). To ensure confidentiality and security, only the last 4 digits of your credit card should be visible. It is allowed to hide 3 digits on the back of the card (CVV code).

What is AML and what is it for?

Anti-Money Laundering is a set of measures to combat money laundering, terrorist financing and the creation of weapons of mass destruction. This procedure includes identification, storage and mutual exchange of information about customers, their profits and transactions between financial organizations and government agencies. Most classical financial institutions use AML measures to verify businesses that deal in cash or use nal as one of their main assets.

They also check those businesses that have money in different accounts, regularly transfer it to other countries and banks, buy futures and other cash settlement instruments. In other words, all businesses that have the potential to circumvent financial monitoring and launder funds are subject to verification.

Why does the service insist on AML procedures?

If the service does not conduct such checks, fraudsters may use it as a platform for money laundering and terrorist financing. And then the service itself will be held liable. This is why exchanges and other major cryptocurrency companies implement AML requirements into their business and conduct regular KYC verifications.

If you do not understand anything, Just chat with us here (Message Us)
If someone addresses to you from our name from similar or other contact requisites, we recommend to you to ignore this address.

Any attempt of carrying out illegal operations with use of the ChinaitechPay service can entail criminal prosecution.

Thank you for using our service!
ChinaitechPay Customer Care