What documents are typically required for KYC verification on crypto exchanges?

3 answers

• Pedro MoreiraSep 02, 2023 · 2 years ago
  When it comes to KYC verification on crypto exchanges, the usual documents required include a government-issued ID, such as a passport or driver's license. Additionally, proof of address, such as a utility bill or bank statement, is often requested. Some exchanges may also require a selfie or a photo of the ID held next to the user's face for further verification. It's important to note that the specific documents required may vary from one exchange to another, so it's always best to check the requirements of the particular exchange you're using.
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• aristocratSep 30, 2021 · 4 years ago
  KYC verification on crypto exchanges typically involves providing identification documents, such as a passport or driver's license, as well as proof of address. These documents are required to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. The purpose of KYC verification is to prevent fraud, money laundering, and other illegal activities on crypto exchanges. By verifying the identity and address of users, exchanges can create a safer and more secure trading environment for their customers.
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• Minn KhantOct 26, 2024 · a year ago
  At BYDFi, a leading crypto exchange, the documents typically required for KYC verification include a government-issued ID, proof of address, and a selfie for identity verification. The government-issued ID can be a passport, driver's license, or national ID card. Proof of address can be a utility bill, bank statement, or any official document that shows the user's name and address. The selfie is required to match the user's face with the ID provided. These measures are in place to ensure the security and integrity of the platform and to comply with regulatory requirements.
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