The 120-Second Paybis Litecoin Verification: From ID to Ready

You want to buy Litecoin today. Coinbase verification takes 48 hours. Binance rejects your ID three times with no explanation. We verify your account in 2 minutes, the time it takes to make coffee.

The process requires two things: a valid government ID and a smartphone. No bank statements, no utility bills, no proof-of-address forms. Sumsub, our KYC provider, reports the whole verification process averages 2.5 minutes with an 80% automatic approval rate.

Why Identity Verification Matters for Your Litecoin Purchase

Identity verification (called KYC or Know Your Customer) is how we keep scammers out and protect your account. Every legitimate crypto platform in the US and Canada must verify your identity by law.

We’re registered with FinCEN as a Money Services Business and hold registration with FINTRAC in Canada. We ask for ID because we’re a regulated business operating legally, not a shady offshore site that disappears with your money. Platforms that skip verification are the ones you should avoid.

Verified accounts get higher transaction limits ($20,000 per day, $50,000 per month) and instant processing. We accept over 6,500 document types from more than 220 countries globally.

What You Need Before You Start

Before you begin, gather these items:

• Valid government ID: Passport, driver’s license, national ID card, or residence permit
• Smartphone with camera: For taking ID photos and completing the selfie check
• Good lighting: Natural indirect light works best; avoid overhead lights that create shadows

For standard purchases under $20,000, you don’t need proof of address or bank statements. US residents need SSN or ITIN in addition to basic verification.

Step-by-Step: How to Complete Paybis Verification in 2-5 Minutes

1. Select Litecoin and enter your wallet address. Navigate to our calculator, enter the amount you want to buy, and see exact fees upfront. Don’t have an external wallet? Choose the “Paybis wallet” option to store your Litecoin securely after purchase.
2. Upload your government ID. We accept multiple ID types: passports, driver’s licenses, national ID cards, and residence permits. Take a clear photo where all four corners are visible, all text is readable, and no glare covers information. Maximum file size: 5MB. Hold your phone steady and move away from windows to avoid glare on plastic cards.
3. Enter your address information. Provide your country, city, state (if applicable), street address, and postal code. This information must match your ID. For most regions including the EU, you can purchase up to $1,000 without KYC, but full verification unlocks higher limits.
4. Complete the liveness check. Our 3D liveness scan prevents identity theft by confirming you’re a real person, not a photo or video. Face your camera directly, keep your entire face within the frame, and slowly move your head right, left, up, and down to complete the scan.
5. Wait for automated approval. We process your documents automatically. Our first-check approval rate is around 80%, with a final conversion rate above 85%. Most users receive approval within 5 minutes. In rare cases requiring manual review, the process may take up to 24 hours.

Watch how to get KYC verified with Paybis in under 5 minutes:

“So fast and efficient well done everything was easy” – Verified user review of Paybis

Common Verification Issues and How to Fix Them Instantly

We reject verification attempts when photo quality issues prevent our automated system from reading your documents. Here’s how to avoid common problems:

• Blurry or unclear photos: The camera must read the text on your ID. Hold your phone steady, use good lighting, and tap the screen to focus before taking the photo.
• Glare on plastic cards: Driver’s licenses and ID cards reflect light. Move away from direct light sources or hold the card at a slight angle.
• Cut-off corners or missing information: We need all four corners visible in the frame. Pull the camera back slightly if you’re cropping edges.
• Document not recognized: Your personal information must match your ID documents exactly. Check that your passport or license isn’t expired. We reject documents older than 3 months for proof of address.

If verification fails twice, don’t panic. Message our 24/7 live chat support and a human agent will review your documents within 60 minutes with specific guidance.

Is It Safe to Upload my ID to Paybis?

This is the biggest fear for first-time buyers. Here’s why it’s safe:

Regulatory compliance and registration

We’re registered with FinCEN in the United States and FINTRAC in Canada. We operate under European Union Data Protection Laws and are regulated by the Data State Inspectorate of Latvia (registration #004344).

Security infrastructure

We store documents on secure servers without public internet access. Even after uploading, you cannot access them ensuring that if your account were compromised, nobody could retrieve your personal information. All data transmission uses SSL encryption.

We use Multi-Party Computation (MPC) technology for wallet security, which fragments private keys across secure locations. This prevents any single point of failure.

Track record

We’ve maintained zero security breaches since 2014. Unlike major exchanges that suffered hacks (Mt. Gox, Bitfinex, KuCoin), we’ve never had a security incident.

Your documents are shared with Sumsub, a worldwide leader in KYC/AML verification that specializes in identity verification and processes millions of checks globally with bank-grade security standards.

“Very user friendly and easy to navigate the system.” – Verified user review of Paybis

Next Steps: Buying Litecoin Immediately After Approval

Once verified, you can buy Litecoin instantly. Here’s what you’ll pay:

Fee Structure for Litecoin Purchases

All fees are shown before you click “confirm payment.” No surprises on your card statement. Use our calculator now to see your transaction cost clearly and simply.

Watch this step-by-step video tutorial on YouTube for a visual walkthrough of the entire verification and purchase process.

Understanding the Paybis Wallet

After purchase, your Litecoin goes to the destination you selected. If you chose the Paybis wallet option, your LTC arrives instantly in a custodial wallet.

What is a custodial wallet? We manage the private keys for you, like a bank vault. You access your Litecoin through your account, but we handle security. This is ideal for beginners who don’t want to manage seed phrases and hardware wallets.

Withdrawal to external wallets: You can transfer your Litecoin to any external wallet anytime. We don’t charge withdrawal fees beyond standard blockchain network fees. Choose Low, Medium, or High priority based on how quickly you need the transfer completed.

“I appreciate Paybis for its ability to facilitate instant cryptocurrency purchases using my card, which significantly enhances the efficiency of my transactions.” – Verified user review of Paybis

Start Your Verification Now

Verification takes 2-5 minutes for 80% of users. We operate with full regulatory compliance and maintain the highest security standards in the industry.

Create your Paybis account, verify your identity with a government ID and selfie, and buy Litecoin with your Visa or Mastercard. First purchase = $0 service fee. Own Litecoin before your lunch break ends.

Key Terminology

KYC (Know Your Customer): The legal process we use to verify your identity and prevent fraud, money laundering, and illegal activity. Required by FinCEN and FINTRAC regulations.

Liveness Check: Advanced biometric technology we use to create a 3D face map and verify you’re a real person during verification, not a photo or deepfake video.

Custodial Wallet: A cryptocurrency wallet where we manage the private keys for you, similar to how a bank holds your funds. Simpler for beginners but requires trusting the platform.

Network Fee: The cost paid to Litecoin blockchain miners to confirm and process your transaction. This fee varies based on network congestion and goes directly to miners, not to us.

Service Fee: Our commission for facilitating the exchange. First credit card purchase is $0; subsequent purchases are 2.49% of the transaction amount.

Processing Fee: The fee charged by external payment processors (Visa, Mastercard, banks) to handle your payment. Typically 4.5% for major currencies.

Written by

Olha Svyripa

Olha is a tech journalist with over ten years of experience writing about finance, crypto, and emerging technologies. At Paybis, she brings a sharp perspective on the trends and challenges shaping digital finance, combining her journalistic background with hands-on content leadership.