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Identity verification, also known as KYC (Know-Your-Customer), is a process that ensures the security of crypto transactions and their compliance with regulations. It’s a basic security standard for all crypto wallets and exchanges to prevent financial crimes.
Before your first purchase, you will need to provide an identity document (ID card, passport, or driver's license) and pass a selfie check. Verification usually takes a couple of minutes, but in rare cases, it may take up to a couple of days. You will be notified about the verification status.
To learn more, check this article: How do I verify my identity?