Save time and simplify travel rule requirements for your crypto transactions.
A new feature is now available in your CoinJar Address Book, designed to make your cryptocurrency transfers even more streamlined.
What is the Travel Rule?
The Travel Rule is a regulatory requirement intended to prevent money laundering and terrorist financing in crypto transactions. Under this rule, we are required to collect, verify, and share with other exchanges and wallets, specific information about the recipient and sender when you send or receive cryptocurrency. This includes details such as names, addresses, and account information, which we may ask you to provide via a form in your app when you send or receive cryptocurrency.
How the New Feature Helps
This new feature allows you to save your Travel Rule information directly within your Address Book. This means that in the majority of cases, you won’t need to complete the Travel Rule form when resending crypto from CoinJar to an address in your Address Book.
Simply save the details once, and you eliminate the need to enter the same information repeatedly for future transactions. All your previously saved crypto addresses remain available for convenient use.
Managing Your Travel Rule Data
- Sending crypto: When you send cryptocurrency out of CoinJar, you can save the destination address to your Address Book along with any Travel Rule information associated with it at the time of sending.
- Receiving crypto: When receiving cryptocurrency, you will need to complete the Travel Rule form each time.
Action Required
Please update your CoinJar app to start enjoying this new feature.
If you wish to add Travel Rule info to your existing saved addresses, please go to More > Address Book.
If you have any questions, please contact CoinJar Support.
The above article is not to be read as investment, legal or tax advice and takes no account of particular personal or market circumstances; all readers should seek independent investment, legal and tax advice before investing in cryptocurrencies. This article is provided for general information and educational purposes only. No responsibility or liability is accepted for any errors of fact or omission expressed therein. CoinJar, Inc. makes no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Past performance is not a reliable indicator of future results.