Trust levels

To enforce transaction limits on your customers you can use Trustlevels. Usually, based upon the the compliance level of your customer, you give them a different trust level. An example how customers could have different trustlevels could be:

  • new: a customer signs up for the first time. The transaction amount is very low.
  • regular: after a time-out period, the customer gets more freedom to create larger transactions.
  • identified: you have verified the identification of the customer and allow them to create transactions for large amounts.

You can change the trustlevel of a customer using the Portal and API: Update Customer

Business customers can only be linked with a trust level with business support, while non business customers can only have a private trust level. You can check this in the trust level details page in the Portal.

Customer entity type

The customer entity type of the trust level dictates which customers can use it.

  • All: can be used by both business and private customers
  • Private: can be used only by private customers
  • Business: can be used only by business customers

Trustlevel configuration

You can set the following properties per trustlevel

Property Required? Description
BuyLimit per day required Maximum amount in base currency to buy per day
BuyLimit per month optional Maximum amount in base currency to buy per month
BuyLimit per year optional Maximum amount in base currency to buy per year
LifeTime BuyLimit optional Maximum amount in base currency to buy for the lifetime of the customer
SellLimit per day required Maximum amount in base currency to sell per day
SellLimit per month optional Maximum amount in basecurrency to sell per month
SellLimit per year optional Maximum amount in basecurrency to sell per year
LifeTime SellLimit optional Maximum amount in base currency to sell for the lifetime of the customer
Token Balance Limit optional (Tokenization specific) Maximum balance of the customer account in base currency

Whenever a transaction is initiated that will result in crossing the limit an error will be returned that the limit is exceeded and the transaction is aborted.

NOTE

Reach out to your nexus support contact to configure trustlevels for your environment.

Customize limits

  1. Go to the trust levels settings page Trust levels settings

  2. Define the daily and monthly limits for Buy and Sell transactions per customer.