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  3. Verifying your OVEX Account


What you can do with your OVEX Account is determined by your verification level

Level 1:  🦐 

You will not be allowed to withdraw anything.


Level 2: 🐬 

You will only be able to withdraw R5000 all time (i.e. You can withdraw in increments. But the sum of all your withdrawals can never exceed R5000).

To qualify:

  • First Name
  • Last Name
  • Country of Residence

Level 3:🦈 

You can withdraw up to R50 million (essentially unlimited).

To qualify:

  • ID Number
  • Date of Birth
  • Source of Funds indication
  • Tax Number
  • Cellphone Number
  • ID Document
  • Proof of Address Document


Level 4:  🐳 

Unlimited amounts (i.e. no cap).

To qualify:

You must withdraw or deposit over R50 million. You will then get automatically upgraded from level 3 to level 4 'Whale Status'.