Stockity stands behind the safe and secure trading platform it provides to its users. And in many ways, such security is provided by the verification process. This article will inform you how to quickly resolve this process and related issues.
What is verification? Why do I need it?
Verifying your Stockity account or payment method occurs after the request is sent. Verification request comes as a rule when withdrawing funds. It passes automatically and quickly (less than 20 minutes). Stockity safeguards the personal information you provide.
But, you may ask that I am a genuine trader, and why should I be checked? Verification is not only a requirement of the law but also an opportunity to protect your funds from fraudsters. For example, you can get your funds back if your account is stolen.
So, verification is a mandatory process if you decide to withdraw funds from your Stockity account. Verification includes checking your ID or other personal documents and payment methods. It is an essential step in securing the platform.
How to verify a Stockity account?
If you need the security of your Stockity account, then verification is essential. It ensures that your account can be accessed only by you and no one else.
Follow the given three steps, and you will know how to verify your Stockity account:
- Receive a request from Stockity to verify your account and payment methods.
- Take photos of your ID card or passport that clearly show your details. Stockity may also ask you for bank statements on opening its account or other documents for your complete identification and confirmation of the specified information.
- Upload photos of your ID and payment documents.
Stockity will verify your documents, account, and payment methods as trustworthy by sending you a confirmation email.
How long does verification take?
The verification process for your Stockity account takes place online and thus is fast. Usually, it will be done within 20 minutes of uploading the documents. However, it may take 3-7 working days when your documents need further verification.
How do I verify my identity?
Let us now see how to verify your identity in Stockity. In this process of verification, you may be asked to upload a photograph of any of the following documents:
- Spread (page) of your passport with a photo and personal data;
- Front and back sides of the ID card;
- Driver’s license.
If these documents do not identify you, you may be asked to upload the utility bills, like electricity, rent, etc., to confirm your home address.
Can I trade if I am underage?
No, the provisions of the law, as well as company policy, do not allow persons under the age of 18 to participate in trading in any form. Before registering in Stockity, you are requested to accept the terms of the agreement, where you confirm the following:
- you are a legally capable adult;
- you have read the terms of the Client Agreement and the Privacy Policy and agree to them.
Verifying your Stockity account lets you understand if you violate the law and the platform’s rules. In case of a discrepancy between the provided data and official documents, your account may be blocked.
Why do I need to verify my phone number?
Your phone and Stockity account verification gives you an extra layer of security. Although it is optional, it is still recommended that you must enable two-factor authentication on your account. It ensures that your account is secured.
Once verified, any data update or trading activity will require you to provide your account password and a security code especially sent to your verified number. This phone number verification ensures that you always control your Stockity account.
To set up two-factor authentication, go to “Settings” and select “Security”. Then click “Enable two-factor authentication”. You will be given some instructions. Follow them, and your phone number will connect to the system database.
Ensure you take this crucial step immediately after signing up to keep your Stockity account and funds as secure as possible from hackers.
How to verify a bank card?
If your trading has brought you a profit and you decide to withdraw it, Stockity will ask you to verify your payment method, such as a bank card. You need to scan the card or take a photo and upload the image by clicking on the link in the email from Stockity.
Note! Do not send an image of the back of your bank card with a CVV code. It may compromise the security of your bank account.
Is it safe to send Stockity my private data?
Verifying your account and payment methods is an important security step. The verification process for your Stockity account is carried out to ensure that you are of legal age and are indeed who you are. Therefore, be careful about uploading the required documents if you receive a request from Stockity. At best, you can’t withdraw funds; at worst, your account will be blocked.
Verifying your identity helps Stockity to ensure that no one else can access your account or make any unauthorized transaction. The dual layer of authentication by combining something you know, which is the password, with something only you have, which is a security code sent to your registered mobile phone, will help keep your account safe and secure.
Therefore, verifying your Stockity account should be a priority to reduce security risks and build credibility. And always remember that trading is a risky business and should be undertaken with great caution.
