What are the requirements for KYC Level 2 verification in the cryptocurrency industry?

3 answers

• Dec 29, 2021 · 3 years ago
  KYC Level 2 verification in the cryptocurrency industry typically requires users to provide additional personal information and documents compared to Level 1 verification. This may include providing a government-issued ID, proof of address, and sometimes even a selfie or a photo of yourself holding the ID. The purpose of this verification level is to ensure compliance with regulatory requirements and prevent fraud and money laundering. It is important to note that the specific requirements may vary depending on the cryptocurrency exchange or platform you are using. Make sure to carefully read the instructions provided by the exchange and follow the necessary steps to complete the verification process.
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• Dec 29, 2021 · 3 years ago
  To complete KYC Level 2 verification in the cryptocurrency industry, you will usually need to provide a government-issued ID, such as a passport or driver's license. Additionally, you may be required to provide proof of address, which can be a utility bill or bank statement that clearly shows your name and residential address. Some exchanges may also ask for a selfie or a photo of yourself holding the ID to ensure that the person submitting the documents is the same person in the ID. These requirements help prevent identity theft and ensure the security of the platform.
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• Dec 29, 2021 · 3 years ago
  KYC Level 2 verification requirements in the cryptocurrency industry can vary between different exchanges and platforms. However, in general, you will likely need to provide a government-issued ID, proof of address, and sometimes a selfie or a photo of yourself holding the ID. These requirements are in place to comply with regulatory standards and prevent fraudulent activities. It's important to carefully review the instructions provided by the specific exchange you are using to understand the exact documents and information they require for Level 2 verification.
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