Kraken country of residence

On a known and trusted exchange like Coinbase, Gemini, or Kraken — yes, it is safe . They have to gather identification documents to be in compliance with AML/KYC laws in the US, the same as a bank would verify your identity if you were physically present to open an account.

According to Kraken, it takes anywhere from 60-120 seconds to verify a Starter account since the process is mostly automated. A few downsides of the Starter verification level is the fact that you won’t be able to deposit or withdraw fiat currencies.

Kraken is a U.S.-based crypto exchange that was founded in 2011 and offers 50+ tokens. … Except for Starter accounts, employment information and SSN for U.S. customers are also required . The Intermediate and Pro accounts also require valid ID, proof of residence and a face photo (if in South Africa or the U.S.).

Intermediate: To upgrade to an Intermediate or Pro account, you’ll need to provide a valid photo ID (such as a passport or driver’s license), proof of residence (such as a utility bill), and your Social Security number or ITIN . Once you’ve upgraded, you’ll be able to deposit fiat and trade on Kraken futures.

Proof of Residence Document Proof of residence documents must contain your name, address and be dated less than three months before from the date of submission. We do NOT accept P.O. Box addresses from any country. Valid documents include, but are not limited to: Bank statement.

Laws and regulations require that we verify your account by asking who you are and where you live . Kraken takes every measure to prevent fraud and be fully compliant with KYC and AML regulations for trading of cryptocurrencies.

Sign in to your Kraken account. Click on your name in the upper-right corner of the page. Click on Get Verified. Press the Verify button of the account type you want to apply for.