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Uphold Login- Exchange
What Is the Significance of Identity Verification as per Uphold Login?
To begin to trade on any platform a user needs to verify his/her identity. Uphold Login collects the legal name, date of birth, and phone number of the recipient when he/she Signups for the platform. This helps Uphold Login to ensure the safety and security of the concerned and avoids the chances of any sort of fraud that may occur in the near or post future.
A user needs to verify his/her identity only if he/she wishes to withdraw or send funds to other people however, Uphold Login recommends new and existing users go through the process so that they can be enlisted as verified users.
How Can You Do Identity Verification On Uphold Login?
For verification of the identity of its user Uphold Login like any other platform urges users to submit the needfuls. The identity verification process on Uphold Login is simple but significant.
Set Of Documents And Needfuls To Become A Verified User On Uphold Login
A document that verifies his/the current address of residence of the user.
Government ID, Drivers Licence, or Passport any of these photo ids which are issued by the government.
A live selfie for photographic verification.What are the things that a user must follow while submitting the required documents and needful on the Uphold Login platform?
Uphold Login provides a set of instructions to follow so that the user verification process can be completed smoothly in a single attempt. Following are the things that must not be ignored:- Users should upload a clear picture of their valid photo ID so that every detail mentioned in the same is readable and clear. The scanned documents are not accepted by the Uphold Login system. Photos must be taken with the optimum amount of light in the surroundings. Flashes should be turned off so that reflective illuminations can be avoided. Details mentioned in the Ids must correspond to that mentioned in the Uphold Login account. Photo Ids uploaded should be valid for at least three more months. Photo of passport size photo is not acceptable the live selfie is a non-negotiable requirement.
Why user verification is important at Uphold Login?
The identity verification at Uphold Login is almost similar to KYC (Know Your Customer) process brought to practice by Banks and other financial institutions. Just like banks and other financial institutions user verification of Uphold Login has a set of benefits.
Risk Of Identity Theft Is Eliminated
The unique details mentioned in the documents allow Uphold Login to identify each user and any misuse of the identity of a certain user is avoided.
Records Of Transactions
Through unique identification transactions processed by every individual user are identified and the bookkeeping process is improved.
Keeps Check On Illegal Practices
Activities such as money laundering and other antisocials
are prevented.Limits The Frauds
Since users are identified any such user who wishes to misuse his/her account can not do it as the identity has been revealed.
Right Assessment Of Every User
Identity verification allows Uphold Login to do the right evaluation of each user through their financial records and assets owned by them.
What Are The Benefits Of Identity Verification On Uphold Login?
As mentioned above, if a user wishes to withdraw or send funds to other people he/she needs to go through the verification process onUphold Login. After verification, all the perks and benefits of Uphold Login get unlocked for the users. After all, there is no benefit of trade if a user can not withdraw the earned money through the trade.
Conclusion:-
It is important and recommended by Uphold Login to go through the Identity Verification process. A user can verify his/her identity by uploading a set of Ids and needful over the platform. The recipient needs to upload the documents so that every detail is clear. User Verification is important because it helps Uphold Login to identify the user better. A user must go through the verification process to unlock all the benefits of Uphold Login.