Crypto Identity Verification
Crypto Identity Verification and KYC: Seamless Compliance for a New Era
/Key Challenges of Identity Verification for Crypto Exchanges
Customer Experience
In the crypto space, speed and simplicity define user loyalty. However, meeting regulatory demands can introduce friction that frustrates users. Traditional KYC processes are slow, manual, and cumbersome, leading to high drop-off rates during onboarding.
Modern crypto exchanges must strike a balance between rigorous identity verification and delivering an intuitive, frictionless experience that supports growth.
Fraud and Market Integrity
Regulatory Pressure
/Comply with Regulation
Crypto exchanges and financial institutions alike must comply with increasingly stringent regulatory frameworks such as KYC and AML, often leading to complex, costly, and time-consuming identity verification processes — all while facing the risk of severe fines for non-compliance.
/Transform Your Crypto Identity Verification and KYC Experience
Attract New Customers
Enhance Customer Satisfaction
Prevent
Fraud
Stay Compliant Without Compromising UX
/One Identity. A Thousand Crypto Use Cases
User Onboarding
Fast ID document verification (global coverage)
Instant selfie matching with advanced liveness detection
SEPBLAC-compliant video identification
Complete KYC in under 1 minute
User Retention
Passwordless access through face or voice biometrics
Secure transaction approvals and withdrawals
Remote proof of life for account recovery and re-verification
Fraud Prevention
Active and passive liveness detection against deepfakes
Injection attack detection and synthetic identity blocking
Document authenticity checks using AI-driven algorithms
/Real Success in Identity Verification
/Crypto Identity Verification and KYC Solutions
Identity Verification
Onboard new customers in less than 30 seconds from everywhere, on any device, complying with KYC regulations and combating fraud such as injection attacks.
Identity Document Verification
Instantly detect fake or tampered documents while extracting and validating key details.
Facial Biometric Check
Compare a selfie with the ID document image to verify the user’s identity.
Liveness Detection
Ensure user presence and prevent fraud from deepfakes, presentation, or injection attacks.
Face Authentication
Selfie capture
Available on all platforms (web desktop, mobile and webviews)
Liveness Detection
Certified by iBeta for both Level 1 and Level 2 confirms that the user is physically present during the process.
Biometric Checks
Confirm that every individual requesting access is precisely who they claim to be. (1:1 and 1:N).
Instant Verification
Grant access to your services in less than 300 milliseconds.
Voice Authentication
Enrollment
Instantly detect fake or tampered documents while extracting and validating key details.
Management
Once the audio is captured an account is created for that user.
Authentication
When the user contacts the client again we capture 3 seconds of audio and compare the voiceprint generated before with the new audio sample.
Result
The result determines if the access attempt is authentic and whether they belong to the same person or not.
/Multi-Channel Crypto Identity Verification Strategy
We secure every stage of the security journey with a multi-channel strategy. Our identity solutions ensure maximum security and seamless UX across physical branches, web and mobile apps, phone channels, and messaging platforms.
Physical
branches
Enable frictionless identity verification and authentication for in-person banking, enhancing security while improving customer experience.
Web and
mobile apps
Phone
channels
Messaging platforms
/Compatible with all types of browsers and devices for a unique user experience
Our solutions offer exceptional usability and compatibility across browsers and devices to ensure seamless and secure user experiences.
For web environments, our capture components are fully compatible with all major browsers including Chrome, Firefox, Safari, Opera, Edge, and Samsung Internet.
In native environments, our capture components support a wide range of devices and versions on both Apple and Android.
Additionally, our webviews enable seamless onboarding processes directly through platforms like Instagram, Facebook, WhatsApp, and Gmail, ensuring a smooth and integrated user experience.
/Let our customers speak for us
Natalia Ortega
Global Head of Financial Crime Prevention, BBVA
“Biometrics gives you a channel to do business where you don’t think about it now. It has become something our customers demand because of the perceived security it gives them.”
Madalena Lourenço
Head of Self-Service Channels, BPI
“The first impression a customer has is during onboarding, a crucial moment. Customers expect a fully digital, user-friendly, and secure experience. This is what Veridas offers us through a plug-and-play, customizable solution that easily integrates with our systems while perfectly balancing user experience, regulatory compliance, and robust technology.”
Javier Vargas
Innovability Global Digital Solutions Leader, Endesa
“Biometrics resolves security and improves customer experience. It has also allowed us to reduce call time, enabling us to negotiate call costs with our telecommunications service providers.”
/Crypto Identity Verification and KYC – FAQs
What is MiCA and how does it impact crypto exchanges?
Who must comply with MiCA?
Under MiCA, compliance is mandatory for:
- Crypto-asset issuers (including stablecoins like ARTs and EMTs)
- Crypto-Asset Service Providers (CASPs), such as exchanges, brokers, custodians, and portfolio managers Any entity safeguarding or facilitating the trade of crypto-assets within the EU falls under MiCA regulation
What are the key KYC requirements under MiCA?
Exchanges and other CASPs must implement robust KYC procedures that include:
- Full user identity verification (including document checks and video identification)
- Ongoing monitoring for suspicious activity
- Clear record-keeping and audit trails for regulatory inspections
- Protecting customers’ funds and personal data securely
What is SEPBLAC, and why is it important for crypto platforms?
SEPBLAC (Servicio Ejecutivo de la Comisión de Prevención del Blanqueo de Capitales e Infracciones Monetarias) is Spain’s Financial Intelligence Unit. It ensures that entities operating in the financial and crypto sectors comply with Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) regulations. Crypto exchanges operating in Spain must meet SEPBLAC requirements for identity verification, including mandatory video identification.
How does SEPBLAC affect crypto identity verification and KYC processes?
To comply with SEPBLAC, crypto exchanges must:
- Perform face-to-face or equivalent video-identification processes for customer onboarding
- Ensure the secure storage and traceability of identity records
Report suspicious transactions and activities to authorities Non-compliance can lead to significant fines and potential suspension of operations.
What is video identification and why is it mandatory?
Video identification is a KYC process where users’ identities are verified through a real-time or recorded video interaction. Under SEPBLAC regulations, it is considered equivalent to face-to-face verification.
It helps ensure that the person providing identity documents is present and genuine, preventing fraud such as impersonation or synthetic identity attacks.
How does Veridas help crypto exchanges comply with MiCA and SEPBLAC?
Veridas provides advanced crypto identity verification and KYC solutions that:
- Complete user onboarding with document and biometric verification in under 60 seconds
- Support SEPBLAC-compliant video identification flows
- Deliver certified liveness detection to prevent deepfakes and spoofing
- Ensure full traceability and security of identity records
- Minimize friction for users while meeting all regulatory requirements.
What happens if a crypto exchange does not comply with MiCA or SEPBLAC?
Non-compliance can lead to:
- Heavy financial penalties
- Operational restrictions or shutdowns
- Loss of customer trust and market reputation
- Increased risk of money laundering incidents and criminal exploitation
/Success Stories
