How to Get Verified for a Koinal Account?
If you have decided to buy your first cryptocurrency, you must have considered the Koinal platform.
Koinal is a cryptocurrency platform that allows you to purchase Ripple, Litecoin, Ethereum, Bitcoin Cash, and Bitcoin using your credit and debit card.
In order for you to purchase any cryptocurrency, you need to go through our verification process.
In this article, we will take a closer look at how to get verified for a Koinal account.
Why do you Need to Verify for a Koinal Account?
Before we begin, it is essential to understand why you need to verify for a Koinal account.
Koinal account verification process is simple where our experts try their best to keep customers safe on the blockchain. Besides, it allows us to obey local regulations.
Account verification is something any authentic cryptocurrency dealer will require and Koinal is no different.
Can you Skip Koinal Verification?
Any legitimate cryptocurrency vendor would verify your personal information before they allow you to buy Bitcoin.
Like other vendors, we at Koinal will not allow any debit and credit card transactions without proper account verification.
Koinal does this so that it can prevent any scam or fraud.
Koinal Verification Process
In order to get verified for the Koinal account, you will have to follow the following procedures.
Step 1: Create Your Account
First, go to our Koinal’s sign-up page and enter your email and password to begin the registration process.
Once you have entered your personal information, we will send a verification email to your email address.
Step 2: Personal Detail
Next, fill out the “my info” tab by adding your name, number, address, and country.
Step 3: Upload Documents
Once you are done with the initial phase, our experts may request account verification documents such as driving license, passport, or national ID card.
In some cases, Koinal may ask for additional documents such as the source of income or proof of address.
That’s it! Once you have submitted your documents, our team of experts will begin reviewing it. The process is really quick but sometimes it can take up to a few hours.
If the verification process went smoothly, you would be notified through an email. If not, then don’t worry, you will still be notified of what went wrong.
Two Factor Authentication
Before the activation of your account, you are required to go to the Two Factor Authentication tab. You can either download Google Authenticator by scanning the QR code or entering the given code on the authentication tab.
Binance Partnerships with Koinal
To provide the lower fees to its customers, Koinal had partnered with Binance. This partnership has enabled the purchasing of digital currencies through credit and debit cards.
In addition, the Binance fiat gateway will provide traders with a platform where traders will be charged with a lower fee for deposits.
The verification process for this approach is pretty straightforward.
- First and foremost, you need to create your Bitcoin wallet, which you can do by going to their official website.
- Create an account on Binance and if you already have one, sign in!
- Follow this link and select Koinal. Once that is done, click on the buy button.
- When you select Koinal as your payment method, you will notice that it has country restrictions. You can find restricted countries at the bottom.
- After that, all you need to do is to verify your identity. You can do this by providing the required documents.
The Benefit of Koinal Transaction
Binance customers, once logged in, can utilize different payment methods offered by Koinal to buy Litecoin, Bitcoin Cash, Bitcoin, XRP, and Ethereum.
Binance customers, through Koinal, can make credit and debit card transactions while being able to wire bank transfers.
So, now that you know how to get verified for the Koinal account, you can choose your desired payment method and start playing with some cryptocurrencies!
We, at Koinal, take account verification very seriously that will not only make your life easier but better and safer.
So, what are you waiting for? Head to the Koinal website and start working!