Is it acceptable to use my ID as proof of address for cryptocurrency transactions?

3 answers

• FermentedBabbageApr 04, 2024 · 2 years ago
  Using your ID as proof of address for cryptocurrency transactions is generally not acceptable. Cryptocurrency exchanges and platforms typically require a separate document, such as a utility bill or bank statement, that shows your current residential address. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations, which aim to prevent fraud and illegal activities. So, it's important to provide a valid proof of address that matches the requirements of the exchange or platform you are using.
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• HippoAug 18, 2020 · 6 years ago
  No, using your ID as proof of address for cryptocurrency transactions is not recommended. Most exchanges and platforms have specific requirements for proof of address, and they usually require a document that clearly shows your residential address, such as a utility bill or bank statement. This is to ensure compliance with regulations and prevent fraudulent activities. So, it's best to provide the requested documents to avoid any issues with your transactions.
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• Kowser AhmedNov 10, 2021 · 4 years ago
  While some platforms may accept your ID as proof of address for cryptocurrency transactions, it's generally not the preferred method. It's important to check the specific requirements of the exchange or platform you are using, as they may have stricter guidelines. Providing a separate document, such as a utility bill or bank statement, that clearly shows your residential address is usually the safer option to ensure smooth transactions.
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