How does GDAX use my webcam for verifying my identity in cryptocurrency transactions?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! When you initiate a cryptocurrency transaction on GDAX, the platform may require you to verify your identity using your webcam. This process is known as webcam identity verification. GDAX uses your webcam to capture a live video of yourself, which is then compared to the photo ID you provided during the registration process. This helps GDAX ensure that you are the rightful owner of the account and prevents fraudulent activities. It's a security measure to protect both you and the platform from unauthorized access and potential scams.
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• Dec 17, 2021 · 3 years ago
  GDAX uses your webcam to verify your identity because it adds an extra layer of security to your cryptocurrency transactions. By comparing the live video captured by your webcam with the photo ID you provided, GDAX can confirm that you are the legitimate account holder. This helps prevent identity theft and unauthorized access to your funds. It's a proactive measure taken by GDAX to ensure the safety and integrity of their platform.
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• Dec 17, 2021 · 3 years ago
  Webcam identity verification is a common practice in the cryptocurrency industry, and GDAX is no exception. By using your webcam, GDAX can verify your identity in real-time, making it harder for scammers and fraudsters to impersonate you. This process adds an extra level of security to your transactions and helps protect your funds. So, next time you're asked to use your webcam for identity verification on GDAX, rest assured that it's for your own protection.
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