Travel Rule Verification

What is the account verification service?

In accordance with the Travel Rule obligations, when transferring virtual assets between Virtual Asset Service Providers (VASPs), it is mandatory to verify whether the deposit account owner (Upbit account) and the withdrawal account owner (overseas exchange account) are the same. Upbit provides an account owner verification service to comply with the Travel Rule based on the VerifyVASP protocol. According to the VerifyVASP protocol, deposits to Upbit are processed only after confirming that the account owner names and dates of birth match on both sides. For more details on the account owner verification service, please refer to the Upbit Customer Center > FAQ > Travel Rule document.

When account verification service is required

When checking the deposit status, if the status is TRAVEL_RULE_SUSPECTED, it means that the Travel Rule verification for the corresponding deposit has not been completed, and the deposit reflection is delayed. You can resume deposit processing by calling the Travel Rule verification request API with the deposit UUID or TxID to complete the account owner verification.

Account Verification Method via Open API

After requesting a deposit to Upbit for assets withdrawn from an overseas exchange via the Open API, you can automate the account owner verification process. The automation of account owner verification proceeds in the following order:

1. Call the List Travel Rule Supporting Vasps API to check the UUID of the overseas exchange executing the withdrawal from the list of supported exchanges.
2. If you know the deposit UUID, you can call the Verify Travel Rule by Deposit UUID API to perform account owner verification. Enter the deposit UUID and the exchange UUID as parameters.
3. If you know the transaction ID (TxID), you can call the Verify Travel Rule by Deposit TxID API to perform account owner verification. Enter the transaction ID (TxID) and the exchange UUID as parameters.