Is a utility bill the only acceptable proof of address for cryptocurrency transactions?

3 answers

• Porter CantrellMay 11, 2021 · 5 years ago
  No, a utility bill is not the only acceptable proof of address for cryptocurrency transactions. While a utility bill is commonly used as proof of address, there are other documents that can be accepted as well. Some examples include bank statements, government-issued documents such as driver's licenses or passports, and official letters from government agencies. It ultimately depends on the policies of the specific cryptocurrency exchange or platform you are using. It's always a good idea to check their requirements and guidelines regarding proof of address before initiating any transactions.
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• Alifian RahmatullohApr 15, 2024 · 2 years ago
  Well, it's not just about utility bills. Cryptocurrency exchanges usually require some form of proof of address to comply with anti-money laundering (AML) and know your customer (KYC) regulations. While a utility bill is a common choice, other documents like bank statements, rental agreements, or even a letter from a government agency can also be accepted. The key is to provide a document that clearly shows your name, address, and is recent (usually within the last three months). Make sure to check the specific requirements of the exchange you're using to ensure you provide the correct proof of address.
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• Khoa KhoaJul 11, 2020 · 6 years ago
  At BYDFi, we understand that providing a utility bill as proof of address may not always be convenient or possible for everyone. That's why we accept a range of documents as proof of address, including utility bills, bank statements, government-issued documents, and even official letters from government agencies. We believe in making the verification process as smooth as possible for our users, while still adhering to the necessary regulations. So, if you're looking for a cryptocurrency exchange that offers flexibility in terms of proof of address, give BYDFi a try!
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