TL;DR: To buy or sell bitcoin on Aureo, you need to verify your identity. Verification is structured in three tiers, each unlocking higher transaction limits. Tier 1 is required to get started and takes around five minutes. Tiers 2 and 3 are optional and only necessary if you need higher volume.
Why it matters
- Verification is legally required for all companies operating in Mexico's financial system
- Each tier unlocks meaningfully higher limits with minimal additional effort
- The process is designed to be fast: most reviews complete within an hour
- Understanding the tiers upfront helps you decide how far to verify before your first purchase
Why verification is required in Mexico
Companies operating in Mexico's financial system are subject to regulations designed to prevent money laundering and the financing of illegal activity. These rules apply to any service that facilitates the exchange of value, including bitcoin. Aureo complies with these requirements as part of operating legally and transparently in the Mexican market.
In practice, this means every user must complete at least a basic identity verification before transacting. The information you provide is used solely for compliance purposes and is not shared with third parties beyond what is legally required.
The three verification tiers
Aureo uses a tiered verification system. Each tier requires a small amount of additional information and unlocks a higher transaction capacity. You only need to go as far as your usage requires.
Tier 1: Individual verification
What you provide:
- Basic personal information
- Mexican ID or passport
Time to complete: approximately 5 minutes
Limits unlocked:
- Monthly limit: $200,000 MXN
- Per transaction: $500 to $200,000 MXN
Tier 1 is the baseline required to use Aureo. It establishes your identity using a government-issued document and is the only step required for the majority of users. Most reviews complete within an hour of submission, and you can begin transacting as soon as your submission is approved.
Tier 2: Extended verification
What you provide:
- Brief explanation of your occupation and source of funds
- Your purpose for using Aureo
Time to complete: approximately 5 minutes
Review time: 5 to 10 minutes
Limits unlocked:
- Monthly limit: $2,000,000 MXN
- Per transaction: $500 to $200,000 MXN
Tier 2 is designed for users who need higher monthly capacity. The information requested is standard for financial compliance: a basic description of what you do professionally and where the funds you use to purchase bitcoin come from. There is no document upload required at this stage. Review is fast and in most cases completes within 10 minutes.
Tier 3: Proof of funds
What you provide:
- At least one proof-of-funds document
Time to complete: approximately 2 minutes
Limits unlocked:
- Unlimited transaction volume
Tier 3 is for users who require unlimited transaction capacity. A proof-of-funds document could be a recent bank statement, payroll receipt, or similar documentation that supports the source of the funds you use to purchase bitcoin. This tier is relevant for users transacting at significant volume on a regular basis.
How long does review take?
Tier 1 and Tier 2 reviews typically complete within one hour. In most cases they are significantly faster. Tier 3 may take slightly longer depending on the documents submitted.
You will be notified once your verification status changes. You do not need to remain in the app while your submission is under review.
Do I need to complete all three tiers?
No. You only need to complete the tier that matches your intended usage.
Most users who buy bitcoin periodically for savings or personal use will never need to go beyond Tier 1. Tier 2 is worth completing if you plan to transact more than $200,000 MXN per month. Tier 3 is only necessary for users operating at high volume who need unlimited capacity.
There is no disadvantage to completing a higher tier if you think you may need the capacity in the future. The process is quick and the information requested is straightforward.
A note on your information
The information you submit during verification is handled in accordance with Mexican data protection law (LFPDPPP). It is used to comply with anti-money laundering regulations and is not sold or shared beyond what is legally required. If you have questions about how your data is handled, Aureo's privacy policy covers this in full.
FAQ
Is verification required to use Aureo?
Yes. Completing Tier 1 is required before you can buy or sell bitcoin. It is a legal requirement for all companies that facilitate the buying and selling of bitcoin in Mexico.
How long does verification take?
Tier 1 takes approximately five minutes to complete and most reviews finish within one hour. Tier 2 takes around five minutes and reviews typically complete within 10 minutes. Tier 3 requires uploading a document and takes around two minutes to submit.
Can I start transacting before my verification is reviewed?
No. You need to wait for your submission to be approved before your first transaction. Most reviews complete quickly, so this wait is typically short.
What ID is accepted for Tier 1?
A valid Mexican ID (INE/IFE) or a Mexican or foreign passport are accepted.
What counts as a proof-of-funds document for Tier 3?
Accepted documents include recent bank statements, payroll receipts, or other documentation that demonstrates the origin of the funds you use to purchase bitcoin. The document must be recent and clearly show your name and the relevant amounts.
Is my verification information shared with third parties?
Only as required by Mexican law for anti-money laundering compliance. Aureo does not sell personal data or share it for commercial purposes.