- 16.03.2020

How to verify your bitcoin account

Do I need to verify my account? Account verification is necessary for you to use the full functionality of BitBay. The verification process is divided into two stages. Verifying your identity helps prevent fraud and ensures that no one, except you, of cryptocurrency per year on Swap, our in-wallet crypto-to-crypto exchange.

This process sounds a lot scarier than it really is, even though you are obligated to submit some very delicate information related to you as a person.

Identity Verification Overview

Step 1: Confirming your phone number The first step is verifying your mobile phone number. Most bitcoin exchanges send you a text message to that phone number with a code. Step 2: Providing personal ID The next step usually requires you to verify your identity by providing a copy of personal identification.

The types of ID documents required depend on how much you are expecting to trade through your bitcoin exchange. how to verify your bitcoin account

The Bitcoin Know-Your-Customer (KYC) Verification Procedure

Larger amounts require stricter verification, and thus more sensitive personal information. And this is one of the major struggles novice how to verify your bitcoin account face when how to verify your bitcoin account their identity and purchasing bitcoins for the first time.

Most major bitcoin exchanges get these documents reviewed within a few hours, but there have been reports of delays taking up to a week. Whenever you submit any documents, always make sure everything is source legible, as this will make how to verify your bitcoin account verification process a lot smoother.

About the Book Author Prypto is known as a brand for "Keeping Crypto Simple" by offering bitcoin scratchcards to resellers.

Its client base is https://idtovar.ru/account/ethereum-wallet-create-account.html who are new to bitcoin or those who want to try it out.

How To Signup at Coinbase and Verify Your Account

Prypto sponsors all major bitcoin events, releases how to verify your bitcoin account on how bitcoin can help their customers, and specializes in turnkey blockchain solutions.

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