About user data collection

To comply with EU regulations, CoinsPaid has to collect user data for all transactions. This affects three endpoints:

• POST https://app.cryptoprocessing.com/api/v2/withdrawal/crypto (Withdraw crypto)

• POST https://app.cryptoprocessing.com/api/v2/addresses/take (Create a crypto address)

• POST https://app.cryptoprocessing.com/api/v2/invoices/create (Create an invoice)

About user data collection

As an EU-based entity, CoinsPaid is required to comply with the MiCA (Markets in Crypto-Assets) regulations that aim to combat money laundering. This includes collecting certain data about natural persons and companies who send and receive crypto using our services. We are not collecting anything outside of the data you and your customers provide in API calls and in-app transactions.

What data is required

When you generate a new crypto address, initiate a crypto withdrawal or create an invoice, you need to provide certain user data depending on who the sender and the recipient are. This includes the sender_type parameter (either legal or natural), as well as the receiver_data (only for withdrawals) and sender_data objects.

For legal entities, we ask for the company name and registration country. For natural persons, you need to provide the sender's first and last names.