Secure Your Crypto Escapades with CocaBit’s Innovative Partner iDenfy

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iDenfy Teams Up With CocaBit to Keep Crypto Trading Clean and Simple

Imagine a world where getting into a crypto exchange feels as breezy as ordering pizza online—no tedious paperwork, no suspicious looks from a shady kiosk. That’s exactly what<iDenfy is helping CocaBit achieve. The Lithuanian exchange is rolling out a slick identity‑verification system that keeps fraud at bay and satisfies regulators without turning customers into circus performers.

Why the partnership matters

Speedy user onboarding: New accounts get verified in a flash, so traders can jump into the market without an elaborate dance of forms.
Zero fraud fog: Advanced tech checks documents for authenticity, ensuring no counterfeit passports or wallet images slip through.
Regulation‑ready: With KYC in place, CocaBit keeps its compliance on point, dodging fines and court drama.

Crypto’s resilience and the need for robust ID checks

Cryptos have weathered market slumps and still delivered solid returns—making them a “lasting player” according to enthusiasts. But big markets like the $1.1 trillion global crypto ecosystem still wrestle with weak KYC practices. iDenfy’s stance is clear: “If crypto wants to stay on the right side of the law, it needs a KYC system that actually works.”

What iDenfy brings to the table

Instant data extraction & document parsing: The system pulls key info out of IDs, addresses, and passports in real time.
Live liveness detection: The platform runs checks that distinguish real faces from photos or deep‑fakes.
Hands‑on verification team: While the software does most of the heavy lifting, iDenfy’s specialists step in for real‑time manual checks.
User dashboard for easy tracking: Brokers can monitor processes, assign KYC cases automatically, and keep a tidy audit trail.

Benefits for CocaBit’s users

New users must pass a four‑step risk‑screen. High‑risk profiles get a little extra scrutiny, and automated checks make sure you can’t register the same account twice. The net result? A friction‑free experience that still keeps rock‑stars like KYC out of the shadows.

Expert Voices

Domantas Ciulde, iDenfy CEO: “By focusing on security and user experience, CocaBit can scale rapidly without worrying about regulatory headaches. We’re thrilled to partner with them and provide a tailored KYC journey.”