Frequently Asked Questions
What is KYC and Why It Is Necessary
KYC (Know Your Customer) is a passport verification procedure.
Why verification is needed:
After passing the KYC procedure, you will have access to operations with currencies.
We will restore access to your account using your passport if you forget your password.
Also, with the help of verification, the exchange protects itself and its client from “dirty” money obtained illegally via terrorism or money laundering.
Our technical partner, Sumsub, conducts the verification. The Bitbanker team does not participate in the verification process, does not store documents, and cannot influence the verification procedure.
Bitbanker collects your personal information following local financial regulations. This helps us prevent fraud and ensure the security of your account.