Is utility bill a valid address proof for buying/selling cryptocurrencies?

5 answers

• Jekku123Oct 22, 2024 · 10 months ago
  Yes, a utility bill can be considered a valid address proof when buying or selling cryptocurrencies. Many cryptocurrency exchanges and platforms require users to verify their address as part of the Know Your Customer (KYC) process. A utility bill, such as a gas, water, or electricity bill, can serve as proof of residence. However, it's important to note that different exchanges may have different requirements, so it's always best to check the specific guidelines of the platform you're using.
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• Sonali SinghApr 21, 2022 · 3 years ago
  Absolutely! A utility bill is a commonly accepted form of address proof for buying or selling cryptocurrencies. It provides a clear indication of your residential address and can help establish your identity. Just make sure that the bill is recent and includes your name and address. Keep in mind that some exchanges may have additional requirements or may prefer other forms of address proof, so it's always a good idea to check their guidelines.
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• Abdelbasset HennaJun 11, 2020 · 5 years ago
  Yes, a utility bill can be used as a valid address proof for buying or selling cryptocurrencies. However, it's important to note that different exchanges may have different policies regarding address verification. Some exchanges may accept utility bills as proof of address, while others may require additional documents such as bank statements or government-issued IDs. It's always a good idea to check the specific requirements of the exchange you're using to ensure a smooth verification process.
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• Ahmed ShomanMay 24, 2021 · 4 years ago
  Using a utility bill as an address proof for buying or selling cryptocurrencies is a common practice. It helps verify your residential address, which is an important aspect of the KYC process. However, it's worth mentioning that some exchanges may have stricter requirements and may ask for additional documents to verify your address. It's always a good idea to check the guidelines of the exchange you're using to ensure that a utility bill is sufficient.
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• Chris SDec 25, 2022 · 3 years ago
  As a representative of BYDFi, I can confirm that a utility bill is indeed a valid address proof for buying or selling cryptocurrencies on our platform. We require users to provide a utility bill as part of our KYC process to ensure the security and legitimacy of transactions. However, it's important to note that each exchange may have different requirements, so it's always best to check the guidelines of the specific platform you're using.
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