In partnership with
Free Report
State of Identity Verification in the Crypto Industry
A data-driven study into verification practices among crypto businesses:
A data-driven study into verification practices among crypto businesses: checks, budgets, pass rates
- checks
- budgets
- pass rates
200 crypto companies surveyed
100M+ checks analyzed
Expert content from top verification and crypto companies
Learn it straight
from top crypto firms:
Learn it straight from top crypto firms:
the biggest challenges facing the industry and best practices for resolving them. These unique insights will give you a data-driven advantage to win over your competitors
- Verification performance stats
- Verification processes insights
- User profiles
- Statistics on user behavior
- Verification сhallenges
- Verification best practices
- Future trends in verification
- Fraud statistics
Get ready to scale
in the near future
Get ready to scale in the near future
“For a project to grow, it needs to balance regulatory compliance and pass rates.
In other words, the challenge is to avoid making the onboarding process too rigid, where users can drop-off, while keeping it secure enough to fight fraud and other financial crimes”
Peter Sever
Chief Strategy Officer, Sumsub
Key findings
Identity verification
best practices
84.3%
of crypto businesses
verify their users
79.7%
use automated KYC
solutions for verification
Verification time and pass rates
for automated solutions
1-3 min
average verification time
for 38.8% of businesses
70-90%
average pass rate for
42.9% of companies
Plans for scaling up
79.5%
of respondents plan to
enter new markets or
acquire new licenses
55.1%
of respondents plan to increase their verification budget in the next 12 months
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