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Document security systems bitcoinThe Bitcoin Know-Your-Customer (KYC) Verification Procedure - dummies
Most major bitcoin exchanges get these documents reviewed within a few hours, but there have been reports of delays taking up to a week. Whenever you submit any documents, always make sure everything is clearly legible, as this will make the verification process a lot smoother. Prypto is known as a brand for "Keeping Crypto Simple" by offering bitcoin scratchcards to resellers. Its client base is those who are new to bitcoin or those who want to try it out.
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About the Book Author Prypto is known as a brand for "Keeping Crypto Simple" by offering bitcoin scratchcards to resellers. This process sounds a lot scarier than it really is, even though you are obligated to submit some very delicate information related to you as a person. The first step is verifying your mobile phone number.
Most bitcoin exchanges send you a text message to that phone number with a code. The next step usually requires you to verify your identity by providing a copy of personal identification.
The types of ID documents required depend on how much you are expecting to trade through your bitcoin exchange. Larger amounts require stricter verification, and thus more sensitive personal information.