Modified on: Mon, 5 Apr, 2021 at 2:22 PM Show KYC stands for "Know Your Customer" and encompasses certain procedures that we employ to positively identify that you are, who you say you are. We use a number of tools to confirm your identity and ensure your eligibility for the CoinList services. This process can take between 7 and 10 business days for individuals, and for entities and trusts this can take up to two weeks. In order to trade on the CoinList mobile app, you need to pass identity verification and KYC/AML (Know Your Customer/Anti-Money Laundering) checks. These checks apply equally to U.S. and non-U.S. residents. In general, you will need to provide name, address, a selfie, and government-issued ID image. You may be restricted from certain activities on the CoinList platform until you have completed identity verification. Did you find it helpful? Yes No Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback. Modified on: Thu, 3 Feb, 2022 at 12:16 PM TABLE OF CONTENTS What is KYC/AML?In order to invest through CoinList, you need to pass identity verification, including Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. These checks apply equally to U.S. and non-U.S. residents. You will need to provide your name, address, a selfie, and a photograph of a government-issued ID, among other information. New users who have passed KYC verification should automatically have access to wallets and trading, subject to additional jurisdiction restrictions. You can complete your registration at https://coinlist.co/wallets/new. For more information about CoinList’s jurisdictional restrictions and our BSA/AML program, visit our Legal Disclosures page. Why do you need my Social Security Number? (U.S. only)Your SSN is required under our KYC/AML policy, a process set by our banking provider. We verify U.S. investors’ social security numbers and birthdates against credit records and then verify the investment signatory against OFAC and similar databases to flag prohibited or high risk persons and entities. Why am I failing KYC due to “unsupported ID”?CoinList determines which government-issued ID types are acceptable for each country/jurisdiction we service. We may change the list of acceptable documents in order to comply with our compliance program. Did you find it helpful? Yes No |
