Is it necessary to provide a verification selfie when creating a cryptocurrency account?

3 answers

• Feb 17, 2022 · 3 years ago
  Yes, providing a verification selfie is often necessary when creating a cryptocurrency account. This is because many cryptocurrency exchanges and platforms have implemented strict Know Your Customer (KYC) regulations to prevent fraud, money laundering, and other illegal activities. By requesting a verification selfie, these platforms can verify the identity of the account holder and ensure compliance with regulatory requirements.
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• Feb 17, 2022 · 3 years ago
  Absolutely! Most reputable cryptocurrency exchanges require users to provide a verification selfie during the account creation process. This additional step helps to enhance security and prevent identity theft. By comparing the selfie with the submitted identification documents, the exchange can verify the authenticity of the account holder's identity. It's an important measure to protect both the platform and its users from potential risks.
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• Feb 17, 2022 · 3 years ago
  At BYDFi, a leading cryptocurrency exchange, providing a verification selfie is indeed necessary when creating an account. This is in line with our commitment to maintaining a secure and compliant trading environment. By verifying the identity of our users through a selfie, we can ensure the integrity of our platform and protect our community from potential fraudulent activities. Rest assured that your personal information will be handled with the utmost care and in accordance with applicable privacy laws.
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