Why does Coinsquare require me to verify my identity?

Every Coinsquare client is required to become verified before they are able to access the full benefits of the platform.

Verification is a 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 are 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 and increase the security and ensure the safety of your funds.

For a more detailed explanation on which personal information we gather and how we store and protect it you may refer to our Privacy Policy

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

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