Subscribe to Our Newsletter
Saturday May 21, 2022
Bitcoin (BTC) $29,167.00   Ether (ETH) $1,952.26
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Crypto Exchanges

Sumsub providing KYC/AML verification to crypto exchange Bybit

Bybit's integration of Sumsub started in July 2021, and the took around a month to complete...

Published by CryptoNinjas.net
04/04/2022
Sumsub providing KYC/AML verification to crypto exchange Bybit

Sumsub, the identity verification & KYC/AML compliance provider, today announced its new partnership with Bybit, a crypto trading and staking platform with over 6 million users worldwide.

By offering an automated KYC system, Sumsub helps Bybit reduce its consumption of human resources so that its employees are able to focus on complicated cases identified by the Sumsub solution. Moreover, Sumsub is able to stop fraudsters from passing onboarding while detecting forged documents.

Bybit + Sumsub: Two levels of verification…

  • 1st Level  — ID verification and a facial biometric check (liveness) — is enough for users who wish to withdraw up to 50 BTC.
  • 2nd Level — the second level applies to those who wish to operate with larger sums and involves a proof of address (PoA) check to verify that users aren’t coming from crypto-restricted countries.

A major benefit that Sumsub brings to Bybit is a user verification process that usually takes one minute. The average pass rate is 78% for first-level verification — that is, liveness + ID check. Plus, Sumsub detects up to 99% of forgery attempts targeting Bybit.

55
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Coinmatics copy trading platform now supports Bybit crypto exchange

09/15/2021
Coinmatics copy trading platform now supports Bybit crypto exchange

Coinmatics, a cutting-edge copy trading platform, has provided an update to its list of available cryptocurrency exchanges. Not so long ago, the platform announced the OKEx exchange integration and now Bybit is available for its...

Read more

Crypto exchange Bybit unveils new branding, to offer derivatives, upgraded wallet, and more

07/03/2021
Crypto exchange Bybit unveils new branding, to offer derivatives, upgraded wallet, and more

Bybit, a bitcoin and crypto exchange company founded in March 2018, has announced an exciting mid-year 2021 update. The update includes a new brand identity along with more exchange features including the launch of...

Read more

Crypto exchange EXMO integrates Sumsub for user onboarding and KYC

07/02/2019
Sum Exmo Crypto Ninjas

EXMO, a popular сryptocurrency exchange, announced today a partnership with Sumsub, experts in identity verification and compliance, to enhance digital identity verification and customer onboarding for their clients. Sumsub's AI-based solution automates identity verification...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version