How to Pass Identity Verification (KYC)

How to Pass Identity Verification (KYC)

At Kvakomat, we facilitate seamless cryptocurrency exchanges with minimal constraints. However, in compliance with regulatory standards, transactions of certain size require identity verification. Rest assured, this process is swift, cost-free, and prioritizes the security of your personal data.

The verification procedure is an essential step to make sure that the crypto infrastructure is not being exploited by organized crime and all our efforts serve the good cause. Our team conducts verifications responsibly and with adherence to legal obligations, ensuring a secure environment for all users.

Here's a comprehensive guide on how to undergo Know-Your-Customer identity verification and exchange cryptocurrency with no limits:

1. Utilize our ATM map to locate the nearest Kvakomat.

2. Initiate the transaction by selecting the Bitcoin logo.

3. Choose between «Buy» or «Sell», depending on your transaction type.

4. Respond to any queries prompted and agree to the provided terms and conditions.

5. Opt for an amount exceeding €990 for the transaction.

6. Provide identification by scanning your ID card.

7. Capture a photo of your face.

8. Enter your phone number for communication purposes.

9. Await an SMS confirming the commencement of the verification process.

10. Upon completion, you'll be promptly notified of the verification outcome.

By following these outlined steps, you can efficiently complete the identity verification process and proceed with cryptocurrency transactions exceeding €990 with confidence. At KvaPay, we prioritize regulatory compliance and user security, ensuring a seamless experience for all our customers.

For future updates and more information about our products, visit our Blog page. Thank you for exchanging with us!

 

FAQ


How can I initiate the identity verification process at Kvakomat?

To begin the identity verification process at Kvakomat, you need to locate the nearest Kvakomat using the ATM map provided. Once there, select the Bitcoin logo on the screen and proceed to choose between 'Buy' or 'Sell', depending on your transaction type.
 

What steps are involved in the identity verification process for transactions exceeding €990?

For transactions exceeding €990, you will need to complete the identity verification process. This includes responding to any prompted queries, agreeing to the provided terms and conditions, proceeding with fingerprint scanning for authentication, providing identification by scanning your ID card, capturing a photo of your face, and entering your phone number for communication purposes.
 

How will I be notified of the outcome of the identity verification process?

Upon completion of the identity verification process, you will be promptly notified of the verification outcome. This notification will inform you whether the verification was successful, allowing you to proceed with your cryptocurrency transactions confidently.
 

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