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Understanding Identity Verification (KYC)

At Coinstash, we prioritize Trust and Compliance. KYC—or Know Your Customer—is a standard identity verification process that helps us keep our platform secure for all 50,000+ Australian investors.

Updated over 3 months ago

Why is KYC Necessary?

As a registered Australian exchange, we must comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). These regulations are designed to prevent financial crime and ensure a safer digital asset ecosystem for everyone.

Account Flagging & Security

If your account is flagged for verification, please don't be alarmed—this is often an automated part of our robust internal controls.

  • Temporary Restrictions: While we verify your details, you may notice temporary limits on withdrawing crypto or AUD. This is a standard safeguard to protect your funds.

  • Confidentiality: Your data is treated with the highest level of security and is only used to meet our regulatory obligations.


How the Process Works

  1. Initiation: You will be prompted via the app or email to complete your verification.

  2. Information Submission: You'll be asked to provide basic details and a clear photo of a government-issued ID (such as a Driver’s Licence or Passport).

  3. Review: Our Brisbane-based team will carefully review your documents.

  4. Approval: Once confirmed, any temporary restrictions will be lifted, and your account will regain full functionality.

Helpful Tips for a Quick Verification

  • Ensure your ID is current (not expired).

  • Take your photos in a well-lit room to avoid glare or blurriness.

  • Make sure all four corners of your ID are visible in the photo.

Need a hand? If you have questions about the documents required or are having trouble uploading your ID, our local support team is here to help via the in-app chat.

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