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How does verification via SEPA bank transfer work?
How does verification via SEPA bank transfer work?
Updated over a month 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.

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

  • Select "With ID and bank transfer" as the verification method

  • 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.

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

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

  • 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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