Coinify verifies your identity during the first transaction to comply with anti-money laundering regulations. This process is a one-time event that allows you to make crypto purchases. An identity document and a selfie are required for the Coinify KYC process.
The KYC process can be completed via the web or mobile. On mobile devices, there are several options, such as scanning a QR code or copying the verification link.
Know Your Customer Process
After adding the card details, click on Reserve.
Check your banking app to authorize the payment.
Add your billing details, and then click Continue.
The next step is to fill in the mandatory fields (such as expected annual trade volume, source of funds, and whether you are a politically exposed person).
Check the box to confirm that all your funds are from legal activities, and click Continue.
The final step is starting the KYC process on your phone.
Verification Process
Click Continue on this device to continue the process on your desktop.
Click Start and choose your document type.
Correctly place your document to take a clear photo, then click Capture.
Click Confirm.
Click Start to begin the verification of your face.
Fill the oval with your face and capture a selfie.
Jumio will check the quality of your photo. The result will be displayed on your desktop device.
After you successfully complete the verification process for Coinify, you can purchase cryptocurrencies.