Is it necessary to provide a selfie with my drivers license when creating a cryptocurrency wallet?

3 answers

• May 03, 2022 · 3 years ago
  Yes, some cryptocurrency wallets require users to provide a selfie with their driver's license as part of the verification process. This is done to ensure that the person creating the wallet is the legitimate owner of the identity documents provided. It helps prevent identity theft and fraud. Make sure to choose a reputable wallet provider that follows strict security measures to protect your personal information.
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• May 03, 2022 · 3 years ago
  No, not all cryptocurrency wallets require a selfie with your driver's license. It depends on the wallet provider and their verification process. Some wallets may only require basic information like your name and email address, while others may require additional identity verification steps. It's important to read the wallet provider's terms and conditions to understand their requirements before creating a wallet.
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• May 03, 2022 · 3 years ago
  At BYDFi, we prioritize the security of our users' funds and personal information. While we do not require a selfie with your driver's license specifically, we have a thorough verification process in place to ensure the safety of our platform. This may include providing a valid government-issued ID and completing a KYC (Know Your Customer) procedure. We understand the importance of protecting your identity and take all necessary measures to maintain a secure environment for our users.
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