Banxa 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 Banxa 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
Enter your email address and country of residence.
Check the mandatory boxes and click Submit my verification.
Add your billing details, and then click Submit my details.
Read and check Sumsub's Terms and Conditions box.
For verification, choose your document type, then click Next.
Verification Process on Web
Choose your document type.
Click Upload, choose your document, and then click Next.
Click on I'm Ready to take a selfie and complete the KYC process.
Sumsub, Banxa's verification partner, will receive and approve the documents instantly.
After you successfully complete the verification process, you can purchase crypto.
Verification Process on Mobile
Choose your document type and click Continue on your phone.
You can copy Sumsub's verification link or scan the QR Code.
Click on Upload the document, choose a saved file, or Take a photo of your face and documents.
Click Use Photo if your selection is clear, and then click Next.
Click I'm Ready to take a selfie.
Click Allow to give Sumsub permission to your camera and click Next.
You can purchase crypto after you successfully complete the Verification process.