What are the potential risks of not providing proof of address when trading cryptocurrencies?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we take the security of our users very seriously. That's why we require proof of address when trading cryptocurrencies. It's not just about complying with regulations, although that's important too. It's about protecting our users from potential risks. When you provide proof of address, it helps us verify your identity and ensure that you are who you say you are. This adds an extra layer of security to your account and reduces the risk of fraud or unauthorized access. So, if you want to trade cryptocurrencies safely and securely, make sure to provide proof of address. It's for your own protection.
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