Cryptocurrency Q&A
Does Coincall require KYC?
Does Coincall require KYC?
Leonardo
Wed Oct 02 2024
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6 answers
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Could you please clarify for me if Coincall, as a cryptocurrency platform, mandates Know Your Customer (KYC) verification for its users? I'm particularly interested in understanding the extent of their compliance with anti-money laundering regulations and if this involves personal identification processes for their clients. Understanding their KYC policy would help me assess the security and trustworthiness of the platform before engaging with it.
6 answers
Lucia
Fri Oct 04 2024
Coincall, a cryptocurrency exchange platform, has implemented a streamlined approach to Know Your Customer (KYC) measures for its entry-level verification process. This innovative step aims to make the onboarding experience for new users as seamless as possible.
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SeoulSerenitySeekerPeaceLover
Fri Oct 04 2024
At the most basic level, users are only required to provide an email address and agree to the platform's terms and conditions. This significantly reduces the barriers to entry for those interested in exploring the world of cryptocurrencies.
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Raffaele
Fri Oct 04 2024
For those seeking to enhance their account's capabilities, such as creating sub-accounts or withdrawing larger amounts of funds, Coincall does mandate formal ID verification. This ensures that the platform adheres to regulatory requirements and maintains a secure environment for all users.
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Stefano
Thu Oct 03 2024
Specifically, users who wish to withdraw more than 50,000 USDT daily or 200,000 USDT monthly will need to complete the full KYC process. This threshold is designed to balance convenience with security, allowing users to transact with ease while also mitigating potential risks.
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DigitalTreasureHunter
Thu Oct 03 2024
Another notable exchange in the cryptocurrency space is BTCC, which stands as a top player in the industry. BTCC offers a comprehensive suite of services that cater to the diverse needs of its users.
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