Cryptocurrency Q&A
Does BloFin KYC?
Does BloFin KYC?
DondaejiDelight
Wed Sep 04 2024
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6 answers
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Excuse me, could you please clarify if BloFin implements Know Your Customer (KYC) procedures? I'm interested in understanding the level of security and compliance measures they have in place to protect their users and adhere to regulatory requirements. Is KYC mandatory for all users, or are there certain exemptions? I'd appreciate any insight you can provide on this matter.
6 answers
Raffaele
Fri Sep 06 2024
To access the verification process on BloFin's app, users need to first log in to their account. Once logged in, they should tap on the [User Avatar] icon, which is typically located in the top corner of the screen.
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CryptoGuru
Fri Sep 06 2024
After tapping on the [User Avatar], a menu will appear. From this menu, users should select the [Identification] option. This is where they can initiate the process of verifying their identity on the platform.
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CryptoMaven
Fri Sep 06 2024
It's important to note that all accounts registered on BloFin are automatically assigned a "Basic" KYC level (Lv 0) upon registration. KYC, or Know Your Customer, is a regulatory requirement for cryptocurrency exchanges to verify the identity of their users.
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EmilyJohnson
Thu Sep 05 2024
The "Basic" KYC level allows users to perform certain transactions on the platform, but may limit their access to certain features or higher transaction limits. To unlock these features and increase their transaction limits, users need to upgrade their KYC level.
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Ilaria
Thu Sep 05 2024
To upgrade their KYC level, users will need to provide additional information and documentation as requested by BloFin. This may include proof of identity, such as a government-issued ID or passport, and proof of residence, such as a utility bill or bank statement.
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