Every regulated platform requires it, and most people meet it for the first time when a withdrawal is held. It is worth understanding before that happens.
Why it exists
Anti-money-laundering law requires a platform to know who its customers are. A service that does not ask is either outside the law or ignoring it, and both are reasons for caution — see choosing a custodian.
What it involves
- Something that shows your identity — passport, national ID, driving licence.
- A proof of address — a utility bill, bank statement, government letter.
- Sometimes a selfie or a liveness check.
The AML and KYC policy states what 1VIT collects and why, and the Privacy Policy covers the rest.
How to do it safely
Upload only inside the site you are logged in to. Never in a message, never through a link from an email, and never to anyone who contacted you first. A platform asking for identity documents is normal; a stranger doing it is the pattern in the scam article.
Why it delays withdrawals
Because a withdrawal is exactly when a platform checks. Completing verification before you need the money removes the delay entirely — it is the single most practical thing you can do in advance, and it costs five minutes. The withdrawal process lists what else can hold one up.
The other half of the picture
Verification is also the clearest signal that a platform is real. A service that holds your money and your documents has every reason to be careful — which is uncomfortable, and also the point.