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Do I Need to Get My Identity Verified to Be Able to Buy Bitcoins from a Blockchain Wallet?

To buy and sell Bitcoin through Coinify from your Blockchain wallet, first, you have to complete the Identity Verification with Blockchain. This process requires uploading an identity document such as a passport, national ID or driver’s license and you can do this directly from your Blockchain Wallet.

These are the steps you will have to go through to start trading:

  • Log into your wallet and click on 'Buy & Sell' on the main menu on the left;

  • The system will automatically initiate the verification procedure for you;

  • Choose your country from the list and follow further instructions to continue the verification process;

  • Choose the country and enter your personal details exactly as they appear in your identity document. Then press 'Continue';

  • Check the list of countries following the link which appears on the next page & make sure that your country is supported for trading. Click 'Allow' to enable your camera and press 'Continue';
  • Choose the country and type of your document, read the Privacy Policy, and press 'Start';
  • Follow the instructions to take a portrait photo, as well as photos of your document. Please make sure that you upload both sides of the ID (for ID-cards, residence permits, and driver's licenses) in high quality and there are no covered areas of the document. Your full name, date of birth and expiration date of the document should always be visible. Finish the verification procedure.

Then the documents will be reviewed by the Blockchain Compliance Team, and you will be notified about the outcome via email. Once you are approved, you can start trading.

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Published Date = 26/11/2019
Last Updated Date = 29/11/2019
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