What information is typically required for KYC verification on cryptocurrency platforms?

3 answers

• Jacques ShebeheApr 14, 2021 · 4 years ago
  When it comes to KYC verification on cryptocurrency platforms, you can expect to provide some standard documents and information. Typically, you will need to provide a valid government-issued ID, such as a passport or driver's license. Additionally, you may be required to submit proof of address, such as a utility bill or bank statement. Some platforms may also ask for a selfie or a photo of yourself holding your ID for further verification. It's important to note that the specific requirements may vary from platform to platform, so it's always a good idea to check the platform's guidelines before starting the verification process.
  639

  320
• Oliver BeresfordOct 05, 2020 · 5 years ago
  KYC verification on cryptocurrency platforms usually involves providing certain documents and information. The most common documents required are a valid ID, proof of address, and sometimes a selfie or a photo with your ID. The ID can be a passport, driver's license, or any other government-issued identification. Proof of address can be a utility bill, bank statement, or any official document that shows your current address. These requirements are in place to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. Remember to always check the specific requirements of the platform you're using, as they may have additional or different document requirements.
  701

  234
• sllava125Dec 05, 2022 · 3 years ago
  KYC verification is an essential step on cryptocurrency platforms to ensure security and compliance. While the specific requirements may vary, most platforms typically ask for a government-issued ID, proof of address, and a selfie or photo with your ID. These documents help verify your identity and prevent fraud and money laundering. At BYDFi, for example, we follow industry standards and require users to provide a valid ID, proof of address, and a selfie for KYC verification. It's important to provide accurate and up-to-date information to avoid any delays in the verification process. Remember to always check the platform's guidelines for the specific documents and information they require.
  700

  175