Software Alternatives, Accelerators & Startups

FileCoin VS Sumsub

Compare FileCoin VS Sumsub and see what are their differences

FileCoin logo FileCoin

Filecoin is a data storage network and electronic currency based on Bitcoin.

Sumsub logo Sumsub

One verification platform to secure the whole user journey
  • FileCoin Landing page
    Landing page //
    2023-05-09
  • Sumsub Landing page
    Landing page //
    2022-10-30

Sumsub is the one verification platform that secures every step of the user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business.

Sumsub achieves the highest conversion rates in the industry—91.64% in the US, 95.86% in the UK, and 90.98% in Brazil—while verifying users in less than 50 seconds on average.

Sumsub’s methodology follows FATF recommendations, the international standard for AML/CTF rules and local regulatory requirements (FINMA, FCA, CySEC, MAS, BaFin).

FileCoin

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FileCoin videos

Filecoin is HOT Right now! But Will You Get BURNED?? 🤔

More videos:

  • Review - Filecoin Review: Here’s The Lowdown On FIL!! 📁
  • Review - Is it too late to buy Filecoin?! FIL 2021 Review

Sumsub videos

How Sumsub KYC works

More videos:

  • Demo - Full-cycle business verification (KYB)
  • Review - The most flexible transaction monitoring solution (KYT)

Category Popularity

0-100% (relative to FileCoin and Sumsub)
Blockchain
100 100%
0% 0
Identity Verification And Protection
Cloud Storage
100 100%
0% 0
Identity Verification
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare FileCoin and Sumsub

FileCoin Reviews

Battle of decentralized storages: SiaCoin (SC) vs Storj (STORJ) vs Filecoin (FIL)
Filecoin is a coin that sits as the second layer of the IPFS (InterPlanetary File System) project, an open-source project designed to create a permanent, decentralized method of data storage and sharing. The network provides a decentralized hub on which people who have excess storage capacity can offer it to those in need of said capacity. Individuals and businesses pay to...

Sumsub Reviews

  1. Hands down one of the best experiences with document verification. I have to go through this kind of checks on a weekly basis and sumsub is relatively fast and has a smooth interface that guides you through the whole process. Solid 5/7

    👍 Pros:    Super fast

Discover the Top 5 Identity Verification Providers in 2023
When it comes to capabilities, flexibility is a key selling point as it empowers organizations to align the identity verification service with their unique workflows, compliance needs, and risk appetite. Different vendors provide different levels of customizations, with ComplyCube and SumSub offering the most flexible and granular options in their respective online portals.

Social recommendations and mentions

Based on our record, FileCoin should be more popular than Sumsub. It has been mentiond 75 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

FileCoin mentions (75)

  • How Web3 Decentralization Can Dismantle Big Tech Monopolies in 2024
    For example, decentralized data storage projects like Filecoin, Arweave, and Sia posted 50-100% user growth, providing blockchain-powered alternatives to AWS, Google Cloud, and Dropbox for distributed app data security. - Source: dev.to / 3 months ago
  • I Moved My Blog from IPFS to a Server
    Filecoin, which is based on IPFS, creates a market for unused storage. I think that idea is great but for adoption it needs to be as simple as Dropbox to store files. But visit [filecoin.io](https://filecoin.io/) and the dropbox-like app that you could be willing to try is nowhere to be found. So maybe it is an enterprise solution? That isn't spelled out either. So I am not surprised that this has little trackion... - Source: Hacker News / 4 months ago
  • POKT Network and DePin
    Familiar DePIN initiatives include Helium, a Decentralized Wireless Network from 2019, Filecoin or Arweave for Cloud Storage. Source: 5 months ago
  • NFT Payload Storage Options
    Filecoin is a data storage network backed by an application token. - Source: dev.to / 10 months ago
  • Team develops a faster, cheaper way to train large language models
    Filecoin - A decentralized storage network where miners earn Filecoin by providing storage to clients. Source: 11 months ago
View more

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: about 1 year ago
  • Binance p2p
    I didnt recieve my crypto from the p2p Transfer and its asking for me to do verification from sumsub.com. I have no idea what this website is but I filled out the verification and it says they are partnered with Binance. Source: over 1 year ago
  • Community discussion about Spectrum Finance $SPF token in this thread December 9th, 6 pm UTC — Please join!
    KYC and data storage could be done by a trusted third-party service called Sum and Substance. Source: over 1 year ago
  • Level 2 verification - document not approved / CS not replying
    It might be required to present proof of address for KYC, which you can learn more about here. The KYC procedure is handled by our partners at sumsub.com and they are the ones checking the validity of the document. Source: almost 2 years ago
  • Is there a way to verify my account with non-english IDs/ PoA?
    Updated the link with the source. Hope it helps. https://sumsub.com/. Source: about 2 years ago
View more

What are some alternatives?

When comparing FileCoin and Sumsub, you can also consider the following products

IPFS - IPFS is the permanent web. A new peer-to-peer hypermedia protocol.

Onfido - Onfido is the data-driven platform for intelligent background checking.

Sia - Sia - Decentralized data storage

Veriff - Smart and scalable identity verification.

Storj.io - Storj DCS is a decentralized, encrypted and fast Amazon S3-compatible object storage.

ComplyCube - Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance.