Can I use a virtual address from a digital bank as proof of address for cryptocurrency transactions?

4 answers

• Potter MooreMay 08, 2022 · 3 years ago
  Using a virtual address from a digital bank as proof of address for cryptocurrency transactions can be a bit tricky. While some cryptocurrency exchanges may accept it, others may require a physical address. It's best to check with the specific exchange you plan to use to see if they accept virtual addresses. If they don't, you may need to provide an alternative proof of address, such as a utility bill or bank statement.
  423

  212
• Patryk AdamczykApr 30, 2021 · 4 years ago
  Virtual addresses from digital banks are becoming more widely accepted as proof of address for cryptocurrency transactions. Many exchanges understand that traditional addresses may not always be available or convenient for everyone. However, it's still important to verify with the exchange you're using to ensure they accept virtual addresses. It's always a good idea to have alternative proof of address documents ready, just in case.
  436

  146
• Darlen SavaJul 05, 2021 · 4 years ago
  As a representative of BYDFi, I can confirm that our exchange accepts virtual addresses from digital banks as proof of address for cryptocurrency transactions. We understand the convenience and accessibility of virtual addresses and strive to accommodate our users. However, it's important to note that each exchange may have its own policies regarding proof of address, so it's always recommended to check with the specific exchange you're using.
  447

  112
• metayetiJun 29, 2023 · 2 years ago
  Using a virtual address from a digital bank as proof of address for cryptocurrency transactions is not widely accepted by all exchanges. While some may consider it valid, others may require a physical address. It's crucial to research and verify the requirements of the specific exchange you plan to use. Providing alternative proof of address documents, such as a utility bill or bank statement, can help ensure a smooth verification process.
  443

  89