Our verification process at Xcoins is just standard practice for any institution dealing with finances. It stems from protocols known as KYC (Know Your Customer) and CDD (Customer Due Diligence) which are anti-fraud & anti-laundering measures.
Interestingly enough, when you’re asked to verify your identity, with ID, Proof of Address, and other registration documents, it’s actually a sign you’re dealing with a legitimate company. You should be wary of those sites not asking for verification when buying tokens.
How do I know Xcoins follows security procedures?
At Xcoins, we know that your trust in us is as essential as the security we provide. This is why, unlike most cryptocurrency exchange platforms, we verify your identity first, and then allow you to exchange on our site. We will never take a deposit from you before we’ve verified who you are - that way your money is always safe!
How do I know I can trust Xcoins with my personal information?
As mentioned before, identity verification is just standard practice for any financial institution. It’s required by regulators worldwide. We take appropriate technical and organizational measures to ensure that the information disclosed to us is kept secure, accurate, up-to-date, and only kept for so long as necessary for the purposes of which it is used.
We have security measures in place to help protect against the loss, misuse, and alteration of the data under our control.