Identity Verification, also known as KYC (Know Your Customer), is a process used to confirm that you are who you say you are. It’s a key step in preventing fraudulent accounts and protecting users on the platform.
As a regulated financial services provider, Bake is required to verify the identity of all users.
This is outlined in our User Terms and is standard practice for companies in the financial industry.
KYC plays an important role in combating money laundering, fraud, and other illicit activities. At Bake, we’re committed to maintaining a secure and trusted environment — and strict compliance is part of how we deliver that.
KYC at Bake consists of 3 parts, the Proof of Identity, Proof of Address and the Selfie part. You can read all details on it by clicking on these links: