Unlocking more of Sovra
Right after setup you can already do a lot, with no verification at all:
• Add funds from a crypto wallet. • Send and receive, between wallets and other Sovra users. • Grow your balance with Earn. • Move money between your pockets.
When you want to do more, you verify your identity. Cash transfers, bank transfers and the card each come with their own check, since each is run by a different licensed partner. The checks are required by law wherever you are in the world, and they protect you too, by stopping anyone else from opening services in your name. Each one appears right in the app the moment you reach the feature that needs it, so nothing stands in your way until then, and you never repeat a step you have already completed.
To unlock Cash Transfers
What you'll need: a valid photo ID, such as a passport, driver's license, national ID or residence permit.
What to do: 1. Enter your legal name exactly as it appears on your ID, your date of birth and your email address. 2. Agree to Sovra's terms. 3. Add your photo ID. Take a picture of it with your camera or upload it, as long as it is clear. 4. We review it and notify you the moment you are verified.
To unlock Bank Transfers
What you'll need: your photo ID if you have not added it yet, plus your phone's camera for a quick selfie.
What to do: 1. Open Bank Transfer from Add funds or Send, and the check starts right there. 2. Confirm your identity with your photo ID, if you have not already. 3. Take a quick selfie so we know the ID is really yours. 4. Depending on where you live, add a few more details, such as your address or your occupation. 5. Once approved, you get your own account details for receiving and sending bank transfers, and we notify you right away.
To unlock your Sovra card
What you'll need: a few minutes in the Card tab. The card has its own quick verification, run by the partner that issues it.
What to do: 1. Open the Card tab and choose to get your free card. 2. Complete the card's verification when prompted. It builds on what you have already confirmed, so it only asks for what is still missing. 3. Once approved, your card is issued instantly and ready to spend.