KYC and AML policy
ByteLixir is a bandwidth selling platform. With our app, you can make additional passive income by simply selling your unused Internet power, which means you exchange your Internet traffic for money. You share your excess Wi‑Fi or mobile traffic through our app — we pay for it.
Start earning
Now let’s make
things clearer.
Everybody has a router and/or a smartphone with an Internet connection. Everybody pays a certain price for this connection. But not everybody uses it to the max. By the end of the month there is a big number of gigabytes left unused, and off them, you can make extra money. ByteLixir helps you sell unused bandwidth and earn $2-10 a month per device.
Security and transparency is what we stick to when it comes to functionality.
We make sure that our users and clients don’t have to question their safety. To provide the desired protection level, we have the app’s code audited every few months by external auditors as well as antivirus services. Abiding with the strict GDPR and CCPA privacy regulations and KYC/AML policies ensures our users and clients with the proper level of security. ByteLixir applies KYC and AML standards to protect the interests and finances of its users.
The main risks of selling bandwidth:
- Violation of a financial nature: late payment for the purchased bandwidth.
- Illegal attempts to use the funds of the user who sells bandwidth.
- Misuse of bandwidth: illegal collection of information.
- Transmission of illegal data.
Who wants to buy your bandwidth and why?
Our corporate clients use additional bandwidth for their business purposes:
-
Market
research -
SEO
practice -
Advertising
analytics -
Price
comparison
Currently, there are many known cases of using bypass bandwidth for fraud and spreading false information. No one wants to be part of frauding schemes. That is why we apply effective 'Know Your Customer' and 'Anti-Money Laundering' policies.
KYC and AML
When a user wants to make money selling bandwidth, we aim to check the following points about our customers (buyers of bandwidth):
-
Examination
correctness of the submitted data
-
Goals
admissibility of their purchase of bandwidth in terms of intentions and goals
-
Risks
chances of unacceptable bandwidth usage
Key elements of robust KYC and AML policies include:
- Systematic monitoring of bandwidth usage by corporate clients. All clients indicate in their data the scope of their activities. Therefore, the use of bandwidth has to be consistent with the activities of the company. From time to time, we carry out random compliance checks, even in the absence of suspicious activity.
- We reserve the right to refuse to provide services in case of providing incorrect data. We do not provide access to our network if the risk of misuse is considered too high.
- Ruling out illegal activities outright with lifelong bans applied to those who carry them out.
Our priority
ByteLixir's ongoing priority is to be the best and most trusted bandwidth buying and selling platform. Whether you are an individual or a company looking to buy bandwidth, or a user looking to make money selling bandwidth, you can rest assured that our team is a law-abiding organization sticking to the current KYC and AML policies.
Blog
-
-
Sell bandwidth for money. A few words about security
Read article -
Get paid for your bandwidth and earn extra cash
Read article -
Make money sharing your Internet and help ad industry!
Read article -
Make money sharing your Internet and help ad industry!
Read article -
Sell bandwidth for money. A few words about security
Read article -
Get paid for your bandwidth and earn extra cash
Read article -
Make money sharing your Internet and help ad industry!
Read article
