Why do I need to verify my identity before trading?
CoinLion requires ID verification to create a safe trading environment, prevent fraud, and comply with KYC (know your customer) and AML (anti-money laundering) laws.
Verifying your identity also ensures that you are the only one who can link your payment information to your account such as your bank or wire instructions.
Identity Verification Process
Step 1: Navigate to the "Profile" section of the CoinLion Trading Platform.
Step 2: Complete Tier 1 verification by entering in your personal information - See below for United States sample form
Step 3: Complete Tier 2 verification by uploading your ID
When taking photos of your ID for submission please follow the following guidelines.
Place ID on a dark surface.
Document verification works best when there is contrast between the ID and the surface on which it is placed. Preferably use a plain black paper or a black sheet with no text or printing on it.
Place ID on a plain surface.
It should not be placed on a newspaper, magazine, keyboard, countertop or on your thigh. Holding the document in your hand and scanning it may result in a failed verification. Any key elements that are obstructed (barcodes or text) may result in a failed verification. Use a plain dark background and ensure fingers are not obscuring the document.
All 4 corners visible.
When you image an ID/passport, align the edges of the ID or passport bio page within the camera screen and ensure all 4 corners are visible.
Right distance between the ID and device.
Hold the device over the ID at a distance where the document is completely inside the camera screen. For passport ensure that the bio page (the page with name, passport number, photo etc) is the only page in view.
When you scan the document, please ensure there is no glare on it. You might have to scan it multiple times if there is glare.
Avoid dark areas.
Scan the document in well-lit room or area (not in a darkened room or area). Normal daylight or a well-lit room is ideal.
Avoid skewing of image.
Images should not be skewed / angled within the picture (2-3 degrees is acceptable). The edges of the image should align with the edges of the photo as closely as possible.
Try to not to shake the device when you are taking the image of the ID document. Images that are too blurry may not be verified.
See below for the examples of the correct way to take a photo of your ID
Step 4: Confirm that you understand the process of correctly uploading your ID per the guidelines and submit your photo. The automatic ID verification process typically takes less than 30 seconds. If you have waited and are not getting your results back please refresh your browser.
Failed verifications are subject to additional review. If your verification has failed please contact submit a support ticket via support.coinlion.com