Verifying your identity serves as a crucial step in preventing fraud and ensuring the security of your payment information. By going through the verification process, you can be confident that only you have control over your funds and that your trades are protected.
With just your email address, you can utilize the Blockchain.com DeFi Wallet to send, receive, and hold cryptocurrencies. However, verifying your identity unlocks additional features, including the ability to Buy, Sell, Swap Crypto, and earn Rewards on your crypto. You have the flexibility to choose between using the DeFi Wallet for essential functions or upgrading to a Full Access Blockchain.com Account for a wider range of capabilities.
DeFi Wallet: Enhanced Security and Control
The DeFi Wallet provides you with the highest level of security and control over your crypto holdings. By holding your crypto securely and maintaining sole control of your private keys, you can trust that your assets are safeguarded. It's important to note that neither Blockchain.com nor any other entity has access to or knowledge of the addresses within your DeFi Wallet. Your funds remain secure as long as you keep your private keys, backup phrase, and password safe and secure.
Full Access Account: Expanded Functionality
By opting for a Full Access Account, you unlock a comprehensive suite of features. This includes the ability to Send and Receive crypto, Swap crypto, Buy and Sell crypto, make Card purchases, initiate Bank deposits and withdrawals, and Earn Rewards on your crypto assets. With Full Access verification level, you have a wider range of options to manage your crypto assets and engage in various transactions.