Verifying your account, known as KYC (Know Your Customer), is an essential and mandatory step at Bitnovo. It's a key measure for your security, the security of all users, and to ensure we operate within the law.
Key reasons to verify your account:
- Legal and Regulatory Compliance: As a regulated company in Spain and Europe, Bitnovo must comply with strict global regulations:
- Anti-Money Laundering (AML): To prevent money laundering.
- Combating the Financing of Terrorism (CTF): To prevent the use of funds in illegal activities.
- Your Security and Protection: KYC verification is a vital layer of security for your own account:
- Fraud Protection: It allows us to confirm that you are the one accessing your account and performing operations, protecting you from identity theft and unauthorized access.
- Full Access to Bitnovo Services: A verified account allows you to enjoy all functionalities without restrictions.
What happens if I don't verify my account?
If you don't complete the verification, your account will have limited functionalities. You might have restrictions on buy/sell amounts or be unable to perform certain operations.
How is your information protected?
All the information you provide us is treated with maximum confidentiality, using advanced security protocols and complying with the Data Protection Law (GDPR). It is only used for verification and regulatory compliance purposes.
By verifying your account, you contribute to a safer crypto environment for yourself and the entire community.
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