KYC, Compliance & What's Still On You
Most swaps need no ID at all. Verification shows up in specific, narrower cases, and a few risks stay with you no matter how legitimate the service is. Here's exactly where each line sits.
Where verification applies
Default
Most swaps
No account, no ID. Choose a pair, send the deposit, receive the converted asset.
Buying with card or bank
Fiat purchases
Routed through a payment partner (Mercuryo, Simplex, Guardarian and others), which applies its own KYC checks.
Case by case
Flagged transactions
A specific swap can be paused if screening flags something in its history, even if you weren't involved in what triggered it.
Optional
Verifying ahead
ID plus a live face check with SimpleSwap at simpleswap.io/kyc, done in advance if you'd rather have it out of the way.
When a swap gets paused for review
- Most exchanges process automatically, with no extra step for anyone.
- A pause isn't an accusation — it usually means something in the funds' history, not necessarily the current transaction, needs clarifying before the swap continues.
- SimpleSwap may ask for source-of-funds details or supporting documents.
- A repeat request usually means the first answer didn't fully cover the question, not that the case is being drawn out deliberately.
- The most direct way through it: respond with what's asked for, through the official support channel.
The upside of verifying in advance
Optional, and quick — but it can smooth out what comes later.
A few minutes, once
Submitted to SimpleSwap at simpleswap.io/kyc using an official document plus a live face check.
Broader liquidity access
Verified accounts can reach a wider pool of liquidity providers.
Better rates
Access to more competitive pricing than the unverified default.
More reliable processing
Fewer processing hiccups once identity is already confirmed.
Less to collect later
Cuts down on basic identity details being requested again mid-swap.
Saves time if flagged
If a future transaction needs review, the basic checks are already on file.
Check the current KYC policy
The full policy and pre-verification form live on the official site.