Every Coinsquare client is required to become verified before they are able to access the full benefits of the platform.
Verification is part of our KYC, AML & ATF policies that we are required to abide by as a registered MSB in Canada, as outlined by FINTRAC.
This might sound scary and complex, but in reality it’s not! We need to know who our clients are in order to ensure the safety of our platform. Our KYC policies are one of the measures that Coinsquare has in place to address fraud, increase security, and ensure the safety of your funds.
Security is our top priority at Coinsquare as we working to build the safest platform to buy and sell digital assets.
KYC - Know Your Client
AML - Anti Money Laundering
ATF- Anti Terrorist Financing
MSB - Money Services Business
FINTRAC - Financial Transactions and Reports Analysis Centre of Canada