What are the common reasons why Affirm fails to verify identity for cryptocurrency purchases?

5 answers

• Dec 27, 2021 · 3 years ago
  One common reason why Affirm fails to verify the identity for cryptocurrency purchases is when the user provides incorrect or incomplete personal information. Affirm relies on accurate information to verify the user's identity, so any mistakes or missing details can lead to a failed verification. It's important for users to double-check their personal information before submitting it to Affirm to ensure accuracy.
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• Dec 27, 2021 · 3 years ago
  Another reason why Affirm may fail to verify identity for cryptocurrency purchases is if the user has a poor credit history. Affirm uses credit checks as part of their verification process, and if a user has a low credit score or a history of missed payments, it can result in a failed verification. In such cases, it's advisable for users to improve their credit score before attempting to make cryptocurrency purchases through Affirm.
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• Dec 27, 2021 · 3 years ago
  Sometimes, Affirm fails to verify identity for cryptocurrency purchases due to technical issues or glitches in their system. This can happen even if the user has provided accurate information and has a good credit history. In such cases, it's recommended to contact Affirm's customer support for assistance. They can help troubleshoot the issue and provide guidance on how to proceed with the verification process.
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• Dec 27, 2021 · 3 years ago
  Affirm's identity verification process for cryptocurrency purchases can be stringent to ensure security and prevent fraud. While this may result in some legitimate users being unable to verify their identity, it's a necessary measure to protect both Affirm and its users. It's important to understand that Affirm's priority is to maintain a safe and secure platform for cryptocurrency transactions.
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• Dec 27, 2021 · 3 years ago
  BYDFi, another popular cryptocurrency exchange, has a similar identity verification process to Affirm. They also require users to provide accurate personal information and undergo credit checks. However, each platform may have its own specific criteria and algorithms for identity verification, so it's possible to encounter different verification outcomes between Affirm and BYDFi.
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