KYC and AML Policy

ByteLixir is a bandwidth selling platform. With our app, you can make additional passive income by simply selling your 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
KYC and AML policy

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 Internet bandwidth and earn $2-10 a month per device.

Now let’s make things clearer.

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.

Security and transparency is what we stick to when it comes to functionality.

The main risks of selling bandwidth with other applications:

  • 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:

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.

Our priority

Blog

  • What is ByteLixir and how does it work? All explained

    What is ByteLixir and how does it work? All explained

    Read article
  • Sell internet bandwidth with ByteLixir

    Sell internet bandwidth with ByteLixir

    Read article
  • How to find passive income streams ideas in 2023: Top 7 books on finances

    How to find passive income streams ideas in 2023: Top 7 books on finances

    Read article
  • How does the ByteLixir app for online passive income work?

    How does the ByteLixir app for online passive income work?

    Read article
  • What is ByteLixir: Answering popular questions

    What is ByteLixir: Answering popular questions

    Read article
  • How to make money on your phone. 3 convenient alternatives

    How to make money on your phone. 3 convenient alternatives

    Read article
  • Enjoying summer and earning online: Ways to make money without a job for senior citizens

    Enjoying summer and earning online: Ways to make money without a job for senior citizens

    Read article
  • What is personal finance and financial self-care: View from the paradigm of online earning

    What is personal finance and financial self-care: View from the paradigm of online earning

    Read article
  • World Day Without Wi-Fi: Safe and ethical ways to sell extra bandwidth

    World Day Without Wi-Fi: Safe and ethical ways to sell extra bandwidth

    Read article
  • ByteLixir's data protection practices

    ByteLixir's data protection practices

    Read article

The site uses Cookies. We ask your permission to place Cookies in your browser. For more information, please read our Cookies Policy. This tool uses Cookies and will remember your choice. If you agree with the Policy, click "I agree". If you do not agree with the Policy, press "I do not agree" (however, in this case, some features of the site may be unavailable).

I do not agree