Is KYC Required for VND Deposits and Withdrawals on BITGP?

When dealing with fiat currency such as VND on a crypto exchange, Know Your Customer (KYC) verification plays a crucial role in ensuring security and regulatory compliance. So, is KYC required for VND deposits and withdrawals on BITGP? The answer is yes.

KYC Requirements for VND Transactions on BITGP

To deposit or withdraw VND on BITGP, users are required to complete KYC verification. Currently, a Vietnamese ID card (CCCD) is the only accepted identity document for VND-related transactions. If your account was previously verified using a passport or driver’s license, you must update your verification to CCCD before proceeding.

Why Does BITGP Require KYC for VND?

KYC helps BITGP to:

• Prevent fraud, money laundering, and unauthorized transactions

• Protect users’ funds and account security

• Ensure accurate and timely processing of VND deposits and withdrawals

Additionally, the bank account or e-wallet used for VND transactions must match the verified CCCD on BITGP. Mismatched information may result in delayed or suspended transactions for further review.

Conclusion

To deposit and withdraw VND on BITGP smoothly, completing KYC with a valid CCCD is essential. This requirement helps create a safer, more transparent, and reliable trading environment for all BITGP users.