There are four main reasons why you should verify your account.
Security. By providing the personal information required for verification, you prove that you are who you claim to be. In this way, we help prevent a third party from impersonating you and using your payment information for fraud.
Eligibility. The verification of your identity proves that you can legally participate in crypto exchange, including being of age.
Regulatory compliance. Verifying your identity is necessary to comply with anti-money laundering and other financial regulations needed to ensure the safety of your operations.
Enhanced opportunities. Passing higher verification levels will allow you to access more platform functions such as unlocking fiat transactions and raising their limits.