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Crypto

Onboard and Verify New Crypto Customers in 10 Seconds

Perform seamless identity and KYC checks while securing customer digital wallets and transactions.
🎉

The world's best payments companies trust Prove

Proven Results

79

%

Faster Onboarding

35

%

Less Onboarding Abandonment

75

%

Onboarding Fraud Reduction

How Prove Helps Crypto Companies

Friction and fraud-free onboarding with no-cost KYC

Challenge

Balancing a smooth customer onboarding experience with strong fraud controls often requires trade-offs. To optimize new user conversion, Payments companies need a streamlined solution that puts customers first.

Solution

Prove Pre-Fill streamlines customer onboarding while reducing fraud (mitigating bad actors) by auto-filling applications with verified customer data. Allow your new users to have greater access from Day 1.

Added bonus: Perform optional, no-cost KYC checks – no kidding!

Protect trading activity
and wallets

Challenge

Not your keys, not your coins. Currently, Crypto Traders are taught to take crypto off exchanges for security which impacts exchanges’ liquidity and revenue.

Solution

Prove Identity verifies Traders upon registration and across each transaction with proprietary fraud signals that prevent Account Takeover and other fraud vectors in real-time

Omnichannel identity management to secure high-risk transactions

Challenge

Crypto Traders have to go through hoops as they transact (account access & recovery, password changes, customer support, clearing large trades, etc.) that negatively impact customer experience.

Solution

Prove Fonebook maintains a customer’s identity throughout their lifecycle, regardless of device and channel changes. This provides Crypto Exchanges with anonymized customer identity tokens that can replace cumbersome processes such as Doc Scan and Proof of Address Verification.

Passive and active authenticators to protect against unauthorized access

Challenge

Customers expect a frictionless world where account access is instant. Crypto exchanges need to balance customer experience with risk management and ease of authentication.

Solution

Prove Auth offers a suite of passive and active authenticators to adapt to any customer’s authentication scenario across low-to-high risk events.
“At Binance.US, our goal is to democratize access to digital asset ownership and facilitate simple and safe participation in cryptocurrency markets for all Americans. We selected Prove to help us achieve this goal after a rigorous evaluation and proof-of-concept test demonstrating Prove’s pass rates and ability to deliver seamless customer experiences.”
Brian Reisbeck
Chief Compliance Office  @Binance
“We are thrilled to partner with Prove. There’s no denying the rapidly growing interest in crypto investing – however, the industry has been faced with two major issues – accessibility and security. Our partnership with Prove will provide a seamless onboarding process for new users, strengthening safety and security for our platform’s entire community.”
Ray Youssef
CEO & Co-founder  @Paxful
“Prove’s phone-centric identity signals were instrumental in helping us to protect our user base against SIM swap fraud. They provided us with one of the key signals we needed in order to detect account takeover attempts, thereby protecting our customers from huge potential losses."
Director of Data Science and Risk
Leading Cryptocurrency Wallet

Resources to help make your decision

webinar

Prove Partners with Paxful to Make Crypto Onboarding Easier and More Secure

Partnership will accelerate customer onboarding process for crypto exchange, reduce fraud, and enhance security and compliance

Read More
blog

5 Critical Checks Crypto Exchanges Should Employ to Prevent Fraud and Accelerate Onboarding

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Read More
blog

Securing Crypto Businesses Using Trust Score™

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Read More
blog

How Phone-Centric Identity™ Is Critical to Securing Cryptocurrency’s Bright Future

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Read More

Talk to an expert

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