Cryptocurrency Q&A
What proofs are required for KYC?
What proofs are required for KYC?
IncheonBeautyBloom
Sat Sep 07 2024
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5 answers
1530
I'm curious about the specifics of the Know Your Customer (KYC) process. Could you elaborate on the types of proofs that are typically required for this verification process? Are there standard documents that are universally accepted, or does it vary depending on the jurisdiction and the exchange or platform in question? Additionally, are there any special considerations for international users who might have difficulty procuring certain documents?
5 answers
isabella_bailey_economist
Mon Sep 09 2024
Among the accepted documents for identity verification, a passport is a universally recognized and widely accepted form of identification. It contains personal information such as the individual's name, photograph, and date of birth, making it a reliable means of verifying identity.
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KatanaSharpened
Mon Sep 09 2024
Cryptocurrency trading has become increasingly popular among individuals and institutions alike. To ensure the safety and security of transactions, it is crucial to verify the identity of traders. This verification process typically involves submitting documents that serve as proof of identity and address.
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Nicola
Sun Sep 08 2024
Another commonly accepted document for identity verification is a voter's identity card. This card is issued by the electoral authorities and contains details of the voter's name, address, and photograph, providing a reliable means of identifying the individual.
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Arianna
Sun Sep 08 2024
A driving license is also a widely recognized document that can be used as proof of identity and address. It contains the individual's photograph, name, address, and other relevant information, making it an effective tool for identity verification.
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Giulia
Sun Sep 08 2024
In addition to the above-mentioned documents, some countries also accept specific government-issued cards or letters as proof of identity and address. For example, the Aadhaar card or letter, which is issued by the Unique Identification Authority of India, and the NREGA card, which is a rural employment guarantee card, can be used as proof of identity in India. A letter issued by the National Population Register containing details of name and address can also be accepted in some cases.
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