Crypto

Seamless and secure customer onboarding – anytime, anywhere.

The cryptocurrency industry is rapidly changing and so are the regulation requirements. Starting today, you can enter regulated markets by using an easy, fast and secure KYC process.

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IDnow Platform

Provide your customers a better onboarding experience. Meet the demanding KYC and AML requirements. Simple as that.

As the crypto industry grows, evolves and matures, regulators around the world are tightening requirements. However, as each regulator sets different requirements, expanding to new markets can be a difficult maze to navigate.

The European Union’s Fifth Anti-Money Laundering Directive (AMLD5), recognized crypto custody as a financial service. Like traditional financial services, crypto service providers are now required to comply with enhanced Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. The specific solution requirements on a national level are defined by the individual national authorities like BaFin, FCA, Finma and many more.

Both IDnow VideoIdent, our agent-assisted, AML-compliant video identification solution, and IDnow AutoIdent, our automated AI-powered identity verification solution, enable a seamless customer experience, while allowing you to improve conversion rates in the process.

Integrating the IDnow platform is as easy and fast as it is to use, and it provides future-proof, scalable solutions to match any organization size – from small and medium-sized businesses to multinational enterprises.

Use Cases

Onboarding new customers.

Crypto exchanges, digital wallets and ICOs are using the IDnow solution to quickly verify the identity of their new customers.

For example, due to recent regulatory changes in Germany, major crypto exchanges are integrating IDnow’s platform to verify their customers using our video-assisted solution, which is in full compliance with the German Anti-Money Laundering Act. With IDnow VideoIdent, you can verify your customers’ identity within a few minutes – it’s easy, secure and in compliance with the law. It combines AI-based technology with the expertise of highly qualified ident and fraud-spotting specialists.

Businesses based in other regions, for example in the UK, are leveraging the advantages of fully automated, AI-powered identity verification – IDnow AutoIdent. Eliminates unnecessary manual input by automatically capturing data from ID documents. Excellent customer experience through easy-to-follow, on-screen prompts facilitates improvement of conversion rates. The verification process is simple, utilizing a familiar, selfie-style tool.

IDnow AutoIdent.

Automated AI‑based ID verification.

Onboarding new customers in Germany.

In addition to IDnow VideoIdent, the IDnow platform includes further AML-compliant identification solutions that use what your customers already have in most cases: an electronic German ID card with an activated online identification function and an NFC (Near Field Communication) enabled smartphone or an online bank account. To improve conversion, IDnow VideoIdent can be seamlessly combined with IDnow eID, identity verification using NFC technology, or with IDnow BankIdent, verification with a simple bank transfer.

Guidelines for German crypto licenses.

Learn more about the regulatory requirements of the first-of-its-kind crypto license and its implications for crypto businesses.

Download our Crypto License Guide
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Better for your business.

  • Improved conversion.
  • High level of legal compliance.
  • Customizable mobile and web integration.
  • Secure storage of customer data.

Better for your customers.

  • Verification in just a few minutes.
  • No additional hardware.
  • Simple to use.
  • Secure with strong encryption.

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