{"id":23089,"date":"2022-11-09T17:25:56","date_gmt":"2022-11-09T17:25:56","guid":{"rendered":"https:\/\/truliooprod.wpengine.com\/?post_type=newsroom&p=23089"},"modified":"2023-07-25T15:39:59","modified_gmt":"2023-07-25T15:39:59","slug":"consumers-consider-identity-verification-vital-when-engaging-with-crypto-exchanges","status":"publish","type":"newsroom","link":"https:\/\/www.trulioo.com\/company\/newsroom\/press-releases\/consumers-consider-identity-verification-vital-when-engaging-with-crypto-exchanges","title":{"rendered":"Consumers consider identity verification vital when engaging with crypto exchanges"},"content":{"rendered":"\n

New Trulioo report finds 82% crypto leaders agree, say identity verification provides assurances for consumers during uncertain times<\/em><\/p>\n\n\n\n

Vancouver, British Columbia, Nov. 8, 2022:<\/strong> New research from Trulioo<\/a>, a leader in global identity verification, shows consumers consider identity verification vital and reassuring during onboarding and throughout their relationship with crypto exchanges<\/a>.<\/p>\n\n\n\n

The research, highlighted in the \u201cCrypto customers call for reassurance in uncertain times<\/a>\u201d report, reveals that 70% of crypto users feel more at risk from cybercrime than they did two years ago, and 75% say they\u2019re on higher alert when dealing with companies online. The long-standing goal has been to deliver near frictionless customer onboarding, but consumer expectations are shifting toward some friction to provide security reassurance.<\/p>\n\n\n\n

Consumers want evidence that online brands take security seriously, and crypto exchanges are taking steps to meet those expectations. The research found that 66% of crypto users are more tolerant of identity verification<\/a> than they were three years ago, and 78% are comfortable with the process taking longer or involving more steps.  <\/p>\n\n\n\n

The research also found:<\/p>\n\n\n\n