Verification stages

What is identity verification and why do we need it?

According to the Fifth Anti-Money Laundering Directive (5AMLD), all users who make transactions with cryptocurrencies must undergo mandatory identity verification. This verification stage allows you to trade on EXMO.com, and make crypto and fiat deposits. For U.S. citizens, passing address verification is required to get access to instant bank card deposits and withdrawals.

There are several stages of verification:

An obligatory step is identity verification. But there are nuances that depend on your country. You can find out more details in the support service.

Address verification and card verification are optional. But after passing them, those additional services will be available for the use of which they are required:

• bank transfer (SEPA/Wire Transfer)
• deposit and withdrawal of funds to a bank card depending on the chosen payment method and currency

To pass verification, the user needs to select Account verification in the personal account menu, then fill in all the fields and upload the necessary documents in the required format. After passing the verification, the user receives a notification of successful verification in the personal messages of his account on the platform.