1. What is the Travel Rule?
The Travel Rule is a global Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) regulatory requirement.
When you transfer crypto assets, exchanges may be required to verify and securely share essential information about the transaction originator and beneficiary in certain regulated scenarios, in order to ensure transaction security and regulatory compliance.
2. Who may be affected?
Travel Rule compliance checks may be triggered under the following conditions:
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You are a Korean user
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The transfer counterparty is a Korean exchange (VASP)
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A single transaction amount reaches KRW 1,000,000 or more
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The deposit or withdrawal involves another regulated exchange platform
3. APP Deposit Instructions
Applicable Scenarios
Steps
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Open the Hotcoin APP → Deposit
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Select the cryptocurrency and network
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Complete the transfer according to on-screen instructions (Recipient information lookup may be supported)
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The system will automatically perform compliance checks if applicable
Result Status
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✅ Approved: Funds are credited successfully
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⏳ Pending: Status shows “Processing / Waiting for confirmation”
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❌ Failed: Funds may be delayed, returned, or sent for review
4. APP Withdrawal Instructions
Applicable Scenarios
Steps
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Open the Hotcoin APP → Withdraw
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Select withdrawal type: Exchange / VASP
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Enter recipient details (e.g., beneficiary name, address source)
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Submit the request
Important Notice
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If the amount is ≥ KRW 1,000,000, or
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If the recipient is a Korean VASP,
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the system will mandatorily apply Travel Rule compliance checks.
5. What information is required?
In regulated scenarios, you may be required to provide:
Please ensure that all information matches the records of the receiving platform.
6. What if verification fails?
Common error messages include:
You may:
7. How is my personal information used?
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Information is used only for compliance verification
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Data is encrypted and shared only between Hotcoin and the counterparty VASP
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Information will not be used for any other purpose or shared with unrelated third parties
8. What happens if verification fails multiple times?
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The transfer may be rejected or delayed
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Funds may be temporarily held or returned
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In high-risk cases, the platform may restrict related transactions
