Deter fraud and money laundering at every step of the user journey. Monitor suspicious activity, prevent account takeovers, and comply with the Travel Rule.
Keep up with evolving regulations and enter new markets with backup from in-house legal experts
Maintain trust in your platform by acting on every fraud signal
Get high conversion rates worldwide with customizable verification designed to be seamless for users
Conquer any new market confidently. Easily verify 14,000+ document types worldwide, onboard document-free in select countries, and get expert compliance help on-demand.
Sumsub’s average pass rate for France is 96.39%
Sumsub’s average pass rate for United Kingdom is 95.86%
Sumsub’s average pass rate for United States is 91.64%
Onboard users worldwide in under 30 seconds with a people-friendly verification flow. Verify in gradual steps and keep things simple with doc-free verification and instant KYC.
Create verification flows based on user segment, risk level, and other parameters—code free. Trusted users can onboard faster while risky groups go through extra checks.
Make the Travel Rule play in your favor. Detect VASP-to-VASP payments, enjoy a single communication protocol, and automate data transfers, reporting, and transaction screening.
Place verification checks where and when you need them most for top conversion rates and security, code-free.
Run Sumsub alongside your current KYC provider, commitment-free, and let the numbers do the talking. The entire process is free of charge.
Crypto verification, also referred to as crypto identity verification, is used by blockchain networks and cryptocurrency exchanges to ensure the authenticity of transactions. It involves checking the validity of a transaction by examining the cryptographic signatures associated with it. Without these checks, double-spending, fraud, and other malicious activities occur. It is also one of the main aspects of crypto onboarding for new users, as personal details may be verified to ensure regulatory compliance.
Cryptocurrency verification platforms check identity through the Know Your Customer process (KYC). This process requires users to provide certain personal information, like proof of identification or a residential address. Cryptocurrency exchanges and other platforms that utilize KYC often employ crypto KYC providers to ensure a secure identification process. Providers like Sumsub offer advanced crypto AML/KYC frameworks that cross-check user-provided information against global databases to detect any potential risks.
The length of the crypto verification process can vary depending on the platform and the specifics of the verification flow. The onboarding process involves checking the validity of a transaction, which is almost instantaneous due to the decentralized nature of blockchain technology. However, for KYC verifications, it could take anywhere from a minute to several days—if done manually. This depends on the volume of requests the platform is handling at a given time, the completeness of the information provided by the user, and the effectiveness of the crypto check procedures in place
The KYC platform for crypto is any service that assists cryptocurrency exchanges, blockchain companies, or other related entities in conducting user verification. These platforms provide crypto AML/KYC solutions to ensure compliance with local and international regulations. They enable these companies to verify the identities of their users and minimize the risk of fraud and money laundering. The choice of a platform often relies on processing speed, accuracy of the solution, and customization options.