What are the risks of not verifying your identity when using a cryptocurrency exchange?

Golam Mujid SeikhDec 27, 2021 · 3 years ago1 answers

What are the potential consequences of not going through the identity verification process when using a cryptocurrency exchange?

What are the risks of not verifying your identity when using a cryptocurrency exchange?

Identity Verification

1 answers

Dec 27, 2021 · 3 years ago
At BYDFi, we highly recommend verifying your identity when using a cryptocurrency exchange. Identity verification helps protect both the exchange and its users from fraudulent activities. By verifying your identity, you can ensure a safer and more secure trading experience. Additionally, many exchanges require identity verification to comply with regulatory requirements and maintain a good reputation in the industry. It's always better to be safe than sorry when it comes to protecting your funds and complying with legal obligations.

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