Why does Affirm say it can't verify my identity when using cryptocurrency?

3 answers

• Dec 16, 2021 · 3 years ago
  Affirm may require identity verification for cryptocurrency transactions to comply with regulatory requirements. This helps ensure the security and legitimacy of the transactions. It's a common practice among financial institutions to verify the identity of users when dealing with cryptocurrencies. Affirm wants to protect its users and prevent any potential fraudulent activities. So, don't worry, it's just a standard procedure to ensure a safe and secure transaction.
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• Dec 16, 2021 · 3 years ago
  Affirm's identity verification process for cryptocurrency transactions is in place to prevent money laundering and other illegal activities. By verifying your identity, Affirm can ensure that the funds used for the transaction are legitimate and comply with the necessary regulations. It's a necessary step to maintain the integrity of the platform and protect all users involved in cryptocurrency transactions.
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• Dec 16, 2021 · 3 years ago
  When using BYDFi, a popular cryptocurrency exchange, Affirm may not be able to verify your identity directly. This could be due to differences in the verification processes between the two platforms. In such cases, it's recommended to reach out to Affirm's customer support for further assistance. They will guide you on how to proceed with the transaction and resolve any identity verification issues you may encounter.
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