What are the common methods to verify proof of address in the crypto space?

3 answers

• Hartley HennebergOct 01, 2021 · 4 years ago
  One common method to verify proof of address in the crypto space is by providing a utility bill or bank statement that shows your name and address. This is a standard practice used by many exchanges and platforms to ensure the legitimacy of users' addresses. Make sure the document is recent and clearly shows your name and address to avoid any issues during the verification process.
  384

  192
• akash BhadauriaAug 06, 2020 · 5 years ago
  Another method is through a digital verification process where users can upload scanned copies or photos of their official documents such as a driver's license or passport. These documents are then verified using automated systems or manual checks by the exchange or platform. This method is convenient and efficient, as it eliminates the need for physical documents and allows for faster verification.
  402

  134
• Tushar PatelJun 16, 2022 · 3 years ago
  At BYDFi, we have implemented a third-party verification system that utilizes a combination of document verification and facial recognition technology. Users are required to upload their proof of address documents and take a selfie for comparison. This method ensures a higher level of security and reduces the risk of identity theft or fraud. It is important to note that this process is in compliance with KYC (Know Your Customer) regulations and helps create a safer trading environment for our users.
  504

  126