Why is getting verification so important?

Why is getting verification so important?
One of the first social platforms where it was possible to pass verification and get an authenticity badge was Twitter. But it took some time for verification to become as important as it is today. At first, verification simply helped to determine which Twitter accounts belong to celebrities and public figures. And only later this option was adopted by major brands and companies. In principle, it serves as a means of attracting attention, as if to say “This page is real, everything is serious and official here.” Verification distinguishes your account from hundreds of others, which is especially useful if you need to target young users who are the most active on social networks and spend significantly more time on them than representatives of other age groups.
In this topic you can learn about the importance of kyc in insurance
Verification confirms that your account deserves attention. For example, on Facebook and VK, the presence of an icon near a certain account immediately makes it clear that all other accounts in the name of this person are fake. The same can be said about other services, take for example YouTube video hosting. Quite often you can see channels that claim to be official and contain the logo of some well-known company in the title, but it turns out that it is a fake. Of course, not all channels of large companies that do not have a verification badge are fake. Here is the official channel of a large online store Yandex.Market. After carefully examining the page and content, you can verify the authenticity of the channel.
However, it can sometimes be difficult to distinguish a fake account from a real one. Fake accounts can be created for different purposes, usually unseemly. At best, this is done in order to make money on subscribers, and at worst – to discredit the name of a person or company, creating a bad reputation. As you can see, the advantages of verification can hardly be overestimated. If there is an icon, users will already be sure that this is really an official channel or page, and the level of trust will be much higher.
The process of obtaining verification and the conditions for this on different social platforms may differ. Instagram Facebook, Twitter, vk, Instagram, YouTube, LinkedIn, and Pinterest. Let's find out how to verify.
Is it safe to send a copy of your passport?
The law on the protection of personal Data has been in force for several years. By posting the relevant agreement, the broker lets users know that he is fully responsible for the security of personal information. This means that if the database with passport data is not well protected enough and the information is stolen, the broker will be fully responsible.
What if the broker himself decides to use the passport data?
In this case, the site may be closed, and the owners may be fined a large sum. Criminal prosecution is also possible if copies of passports were used for criminal purposes, and users suffered losses. Perhaps the brokerage organization will be liquidated, and its owners will lose their source of income.
It takes a lot of time and money to open a trading platform, adjust the operation of tools, and get a permit for brokerage activities. Even more — for promotion. It is extremely difficult to earn a good name among traders, and no conscientious broker wants to lose clients. Therefore, the security of passport data is taken seriously here.