Verifying your identity help prevent fraud and ensure that no one, except you, is able to use your payment information to make an exchange.
What are the differences between DeFi Wallet and Full Access account?
Based on your preferences, you can choose between Blockchain.com DeFi Wallet and Blockchain.com Full Access account.
If you only need to send, receive and hold crypto in a secured, non-custodial wallet to which only you have access to - you might want to use DeFi Wallet only without the need to verify your identity.
If you want to use our custodial services, such as Buy/Sell, Swap Crypto, Rewards account or participate in our airdrop program, you will need to go through Full Access verification.
More information about verification can be found here.