My account is level 3 and i dont remember submitting business documents to coins.ph. Just ID, Address and Selfie Verification that was 2 years ago i dont know if they change the rules by now.
If you are cashing out 400k daily level 3 is a must. but if its just a small amount 50k and below. level2 will suffice.
Last 2 months ago nagpa-upgrade ako sa level 3, hindi rin ako hiningian, just proof of address lang naman hinihingi nila dahil ang alam ko sa business permit para lang sa business account na kay coins.ph. Pero nagkaroon din kami ng video call interview sa akin. I don't know kung same scenario sa iba.
di ko din naransan yun pero yung sa kakilala ko naranasan nya kaso by batch yun di ko lang natanong kung naappoved ba kagad yun after o parang nagpasa lang din ng requirements na mag aantay ka pa ng almost 1 month para malaman mo kung ano yung naging result nya .