After registering your account, you will need to complete a KYC process in order to transact on the platform. This is standard operation and an international requirement due to anti money laundering requisites.
During the KYC application you will be asked to upload a government issued identity document (either a passport, driver’s licence, or ID). You will then need to submit a photo of yourself to verify it is you in the document.
We’ve incorporated advanced technology into our KYC process to ensure that the time and effort from the consumer’s side is minimal, while still maintaining the highest accuracy. By integrating Optical Character Recognition (OCR) and facial liveness detection into the process we’ve streamlined the document and photo submission process. On the back end we use specialized AI to verify the information, which has proven to be more accurate than the standard manual process of verifying KYC.
The verification process on Oobit is immediate. If you have submitted incorrect documents we will inform you in real time, the same goes for your image. The entire KYC process on Oobit takes roughly 5 minutes, and discrepancies in your application will be communicated immediately.
Please ensure that you follow the guidelines presented along the way to avoid any unnecessary errors. Here is a step by step guide on completing your KYC.