by Prosper
As the world of digital currencies continues to grow, so does the need for secure and compliant payment solutions. At Prosper, we specialize in providing a crypto to fiat payment solution that ensures our clients are able to conduct transactions with ease and peace of mind.
To further strengthen our compliance processes, we decided to work with Comply Advantage, a leading provider of anti-money laundering (AML) and know your customer (KYC) solutions. Here is a case study of our experience working with Comply Advantage.
As a provider of crypto to fiat payment solutions, our clients require us to comply with a complex and ever-evolving set of regulatory requirements. We needed to ensure that we were adhering to AML and KYC guidelines to avoid regulatory issues and maintain our clients' trust.
We were also facing a challenge in scaling our compliance processes to keep up with the growing demand for our services. Manual AML and KYC checks were time-consuming, and we needed a more efficient solution.
After conducting extensive research, we decided to partner with Comply Advantage. Their AML and KYC solutions offered the following benefits:
Real-time monitoring: Comply Advantage's technology enabled us to perform real-time checks on individuals and entities, ensuring we were up-to-date with any changes in their risk profile.
Comprehensive global coverage: Comply Advantage provided us with access to an extensive global database of sanctions, watchlists, and politically exposed persons (PEPs), ensuring we were able to identify and flag any high-risk entities or individuals.
Automated processes: Comply Advantage's technology allowed us to automate many of our compliance processes, freeing up time and resources to focus on other areas of our business.
Working with Comply Advantage enabled us to streamline our compliance processes and reduce the risk of regulatory issues. We were able to scale our business and onboard new clients more quickly, without compromising on our compliance obligations.
Thanks to Comply Advantage's real-time monitoring and comprehensive coverage, we were able to identify and flag potential risks quickly and efficiently, allowing us to take appropriate action and avoid any issues.
As the regulatory landscape for digital currencies continues to evolve, it's essential that companies like Prosper take their compliance obligations seriously. By partnering with Comply Advantage, we were able to ensure we were meeting our regulatory requirements while also streamlining our processes and scaling our business.
If you're looking for a reliable and efficient AML and KYC solution, we highly recommend working with Comply Advantage. Their technology and expertise are second to none, and they have been instrumental in our success at Prosper.
Discover the implications of Binance's recent rejection by the Dutch Central Bank and its impact on cryptocurrency trading in the Netherlands. Explore the changing landscape and find secure alternatives to continue your crypto journey with confidence.
by Prosper
Prosper, a leading provider of crypto-to-fiat payments solutions, recently had the opportunity to work with Chainalysis, a blockchain intelligence platform that provides data and analytics to government agencies, exchanges, and financial institutions. This case study will highlight the collaboration between Prosper and Chainalysis and how it helped Prosper strengthen its compliance program.
by Prosper
Prosper is transforming the world of financial technology by delivering secure and reliable cryptocurrency trading and payment solutions. Its Exchange platform offers industry-low fees and convenience in transactions, while its Payment and Institutional services provide comprehensive, tailor-made solutions for both individuals and businesses." And here's a translation in Dutch
by Prosper
Frequently asked questions
Sign up for a Free Prosper account in less than 10 seconds. No passport verification needed:
Go to Create Account
Fill in the required information
Tap on Create account
Done, you now have an account
Deposit up to €250 and start trading immediately! Verify your identity to increase deposit and withdrawal limits.
Prosper's trading fees are the lowest in the industry. Create a Free account and start trading crypto for as little as 0.03%. There is no minimum volume commitment. The minimum order size is €10.
After creating an account you can verify your identity. This process is fairly simple and can be completed in less than a minute.
Go to Account
Tap on Identification
Tap on Verify identity
Follow the steps on screen
Done, in a few minutes your identity will be verified
During identity verification you’ll be asked to make a selfie photo and a photo of your identity document (e.g. passport).
Please note: that all submitted pictures must be of the actual physical document (e.g. passport). Taking pictures of a screenshot will be automatically rejected, requiring you to start over.
Payment and payout methods are considered the same. Currently we support iDeal and SEPA. We intend to add more payment methods in the coming months.
When you do a deposit, your payment method is automatically saved and connected to your account. To do a deposit follow the steps below:
Go to Create
Tap on Deposit
Tap on Fiat currency
Enter the amount you wish to deposit
Tap on your desired payment method and follow the selected steps below:
I’ve chosen iDeal
Select the bank you wish to use to deposit
Tap on Deposit with iDeal
Follow the steps in your banking app or website
Done, you will automatically be returned to Prosper after the payment
iDeal deposits have a maximum of €10.000 per transaction. The balance is reflected within 1-3 business days in your Prosper account after a successful payment.
I’ve chosen SEPA
Create a new SEPA payment in your banking app or website
Copy and paste the bank information
Copy and paste the payment description. Please note: without this your payment will be automatically returned to your bank account.
Verify the payment details
Transfer the amount as you would normally
SEPA deposits have a maximum of €50.000 per transaction. The balance is reflected in your Prosper account within 1-3 business days.
Prosper currently supports iDeal and SEPA. We intend to add more payment methods in the coming months.
iDeal
iDeal payments reflected within 1-3 business days in your Prosper account after a successful payment. There is a limit of €10.000 per transaction.
SEPA
SEPA payments are reflected in your Prosper account within 1-3 business days. There is a limit of €50.000 per transaction.
Bank payouts are performed with SEPA.
Typically it takes 1-3 business days for your withdrawal to be received on your bank account.
Please note that during weekends and bank holidays payments are not processed by the banks. You can create withdrawals, however they will be processed on the next business day.
We work with industry leading partners such as Chainalysis and Comply Advantage to detect fraud, money-laundering and terrorist financing.
We are registered and regulated by the Dutch Central Bank (DNB) as a cryptocurrency provider.
All our data is encrypted and stored on cloud-based systems.
You can change or cancel your account type from Standard to Pro at any time. To change your account follow the steps below:
Go to Account
Tap on Subscriptions
Tap on any of the subscriptions to change your subscription or downgrade it to free
Tap on Confirm to confirm your choice
Subscriptions are paid up front per 30 days. If you change your subscription before the end of your subscription period, you forfeit the remaining amount of your subscription fee.
