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How does verification via SEPA bank transfer work?
How does verification via SEPA bank transfer work?
Updated over 5 months ago

1) Complete the registration process

  • Click on "Register"

  • Enter your contact details and set a password

  • Then click on "Create account"

  • Now confirm your email address

2) Fill in your personal data and the questionnaire

Verification comprises two parts: the first step involves filling in your personal data and the questionnaire, the second step involves completing the Know Your Customer (KYC) process

  • Click on "Verify now" in the user dashboard

  • First fill in your personal data and then the questionnaire

3) Now start the verification process

In principle, verification is carried out by providing an ID document and a short "selfie video". The required photos or videos can be easily taken with your smartphone or laptop camera during the verification process.

  1. To start, click on "Confirm identity" in the Coinfinity user dashboard

  2. Select "With ID and bank transfer" as the verification method

  3. Start with the ID document and select one of the recognized documents (e.g. driver's license, passport or ID card). Now take a photo of the selected document and follow the guidelines.

  4. Now take a selfie video in accordance with the guidelines.

  5. Now make your first Bitcoin purchase of up to EUR 1,000 by SEPA transfer.

  6. After successful verification of the data by Onfido and Coinfinity and receipt of your transfer, you will receive a confirmation email.

Congratulations, you are now fully verified and can use all Coinfinity services without restrictions!

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