What are the best practices for providing proof of address for cryptocurrency transactions?

3 answers

• Krause DowlingJun 11, 2025 · a month ago
  One of the best practices for providing proof of address in cryptocurrency transactions is to use a utility bill or bank statement that clearly shows your name and address. This can help establish your identity and ensure compliance with anti-money laundering regulations. Additionally, some exchanges may require you to provide a selfie with your proof of address document for further verification. It's important to ensure that the document is recent and not expired to avoid any issues during the verification process.
  521

  261
• Kristoffersen HammerMay 23, 2021 · 4 years ago
  When it comes to providing proof of address for cryptocurrency transactions, it's crucial to follow the guidelines set by the exchange or platform you're using. This may include submitting documents such as a government-issued ID, utility bills, or bank statements. It's important to ensure that the documents are valid and up-to-date. Some exchanges may also require additional verification steps, such as a video call or selfie with the documents. By following these best practices, you can help ensure a smooth and secure transaction process.
  545

  182
• Raymond YamFeb 07, 2021 · 4 years ago
  At BYDFi, one of the leading cryptocurrency exchanges, the best practice for providing proof of address is to submit a utility bill or bank statement that clearly shows your name and address. This helps verify your identity and ensures compliance with regulatory requirements. Additionally, BYDFi may require you to provide a selfie with your proof of address document for further verification. It's important to note that the document should be recent and not expired to avoid any delays in the verification process. By following these guidelines, you can ensure a seamless experience when conducting cryptocurrency transactions on BYDFi.
  639

  160