Verifying your (credit) card is essential for several key reasons, mostly centered around security and compliance. In this article we will explain why you need to verify your (credit) card when using our service.
Fraud Prevention
Cryptocurrency transactions are irreversible. Verifying your (credit) card ensures that only the legitimate cardholder is using the card to purchase cryptocurrency, reducing the risk of fraud or unauthorized transactions.
Compliance
We are required to comply with regulatory frameworks that combat money laundering (AML) and other financial crimes. Verifying your (credit) card is part of these regulations, as it helps us verify your identity and ensure you are not engaging in illegal activities.
Security
By verifying your (credit) card, we can confirm that the card belongs to you and is not being used by someone else who has gained access to your card details. This provides an extra layer of protection against identity theft.
Verifying your (credit) card ensures us that we operate within legal and ethical boundaries while protecting both you and our platform from risks.
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