If you already have a verified Remitano account, just click on “Link Account”, the system will automatically sync information on CoinSavi. For cryptocurrency exchanges, KYC is understood as the process of verifying the identity, validating the real name of the customer. This is also the original document for the system to compare later, avoiding fraud and disputes later.

Despite the operational changes and challenges that come with KYC regulations, crypto exchanges will gain significant benefits by ensuring regulatory compliance, including:

Verification of user identity can improve transparency as well as build customer trust – users are more likely to continue using an exchange's services when they are sure that a cryptocurrency exchange is performing. take proactive measures to protect their assets.

As noted by Forbes, more than 80,000 cases of crypto fraud occurred in the United States last year — an increase of 24,000% compared to 2016. Strict identity verification can significantly reduce fraudulent activity and enhance the reputation of the market.

With regulatory expectations constantly evolving, implementing robust KYC policies can help companies stay ahead — rather than chasing after, they can focus on improving conversion rates, validating transactions and ensuring compliance with developing international principles. By KYC verification, companies can reduce the risk of legal challenges or regulatory penalties.

Cryptocurrency markets are notoriously volatile, partly due to anonymous transactions that are potentially suspicious or criminal. Strengthening identity verification could help stabilize the overall market and increase market value.

The higher the KYC level, the easier it will be for you to trade on CoinSavi.

If you already have a verified Remitano account, just click on “Link Account”, the system will automatically sync information on CoinSavi.

See also: Instructions on how to do KYC Identity Verification on CoinSavi for Remitano users

If you do not have a verified Remitano account, to use CoinSavi services, you need to verify your KYC identity by clicking on "Identity verification".

The process of identity verification on CoinSavi is divided into 2 levels:

To verify country, please select your country then press “Continue”.

Level 2 - Verify identity documents

The process of identity documents verification on CoinSavi is divided into 2 steps:

Step 1 - Verify your ID

Please click “Proceed to verify” to begin.

Select your country of residence. Please ensure your country of residence is the same as the information on your identification document.

Please note that at the moment we only accept identification documents from users in Vietnam, Nigeria, and South Africa. If you are from any other country, please verify your identity on Remitano and follow the instructions for "Account Linking" as provided above.

Next, you will be asked to upload a photo of your identification document. Most users can choose to authenticate with ID card, driver's license, passport, residence permit, BVN. Select the type of document you will upload and click “Start document verification”.

Follow the instructions and place your identification in front of the camera. Click to take photos of the front and back. Note to ensure the information is displayed clearly. Then click “Continue”.

Do the same with the back.

For users choosing to verify with BVN, please do as followings:

Enter the BVN number and click “Continue”.

Enter the country code and phone number, then click “Continue”.

The system will send an OTP code to your phone number. Enter the OTP code and click “Continue”.

Step 2 - Verify face

To verify face, please include your face in the frame. Please do not wear hats, glasses or use filters, and make sure there is enough light.

Wait a few minutes for the system to verify your document.

The system will send a notification if your application is rejected or KYC Level 2 is successful. If denied, please click “Re-verify” and follow the above steps again.

Do KYC now to enhance the security of your account!