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Sumsub VS Bitcoin.com

Compare Sumsub VS Bitcoin.com and see what are their differences

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. featured
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Sumsub logo Sumsub

One verification platform to secure the whole user journey

Bitcoin.com logo Bitcoin.com

Cryptocurrencies such as Bitcoin, Litecoin and Dogecoin have risen extremely in popularity in the past few years. With a cryptocurrency, you're able to send money to anyone in the world with a few mouseclicks and it happens completely anonymously.
  • 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).

  • Bitcoin.com Landing page
    Landing page //
    2022-10-25

Sumsub

Website
sumsub.com
Pricing URL
Official Sumsub Pricing
$ Details
paid Free Trial
Platforms
iOS Android Web REST API
Release Date
2015 January
Edit details

Bitcoin.com

Website
bitcoin.com
Pricing URL
-
$ Details
-
Platforms
-
Release Date
-
Edit details

Sumsub features and specs

  • Compliance with regulations
    Sumsub offers features to ensure businesses comply with KYC, KYB, and AML regulations, reducing the risk of legal issues.
  • User-friendly interface
    The platform is designed to be intuitive, making it easier for both businesses and users to navigate the verification process.
  • Automated verification
    Sumsub provides automated processes to quickly verify documents and identities, reducing manual workload and speeding up onboarding.
  • Global reach
    Supports document verification from over 220 countries and territories, making it suitable for businesses with an international user base.
  • Customization options
    Offers various customization features to tailor the verification process according to specific business needs and user flows.
  • Fraud prevention
    Advanced technology to detect fraudulent documents and identities, enhancing the security and integrity of the verification process.
  • Comprehensive Analytics
    Provides detailed analytics and monitoring tools to track the verification process and identify bottlenecks or issues.

Possible disadvantages of Sumsub

  • Cost
    The service can be expensive, which might be a barrier for smaller businesses or startups.
  • Complexity for smaller organizations
    The range of features and customization options may be overwhelming for smaller businesses that do not have dedicated compliance teams.
  • Integration challenges
    Some businesses may experience difficulties integrating Sumsub with their existing systems, especially if they have unique technical requirements.
  • Dependence on internet connection
    The service relies on a stable internet connection for real-time verification, which might be problematic in regions with poor connectivity.
  • User privacy concerns
    Users might have concerns about sharing sensitive personal information, such as identity documents, even though Sumsub follows strict security protocols.
  • Regional regulations
    Compliance features might not be entirely up-to-date with the latest regional regulatory changes in fast-evolving jurisdictions, requiring businesses to perform regular reviews.

Bitcoin.com features and specs

  • User-friendly Interface
    Bitcoin.com offers a clean and intuitive user interface, making it easy for both beginners and experienced users to navigate and use their services.
  • Educational Resources
    The website provides a wealth of educational content including articles, guides, and videos about Bitcoin and cryptocurrency, which can be invaluable for newcomers.
  • Multi-currency Wallet
    Bitcoin.com offers a multi-currency wallet that supports not just Bitcoin, but also other cryptocurrencies, allowing users to manage various digital assets in one place.
  • Integrated Exchange
    The platform includes an integrated exchange feature, enabling users to buy, sell, and trade cryptocurrencies directly through Bitcoin.com.
  • Security Features
    Bitcoin.com incorporates strong security features, such as two-factor authentication (2FA) and encryption, to protect user accounts and assets.

Possible disadvantages of Bitcoin.com

  • Limited Advanced Trading Features
    Compared to dedicated cryptocurrency exchanges, Bitcoin.com might lack some advanced trading features like detailed charting tools and order types.
  • Fee Structure
    The platform's fee structure can be higher compared to some other services, particularly for trading and converting cryptocurrencies.
  • Custodial Nature
    As a custodial service provider, Bitcoin.com holds user assets. This could be a downside for users who prefer to have full control over their private keys and assets.
  • Geographic Restrictions
    Some features and services provided by Bitcoin.com might be restricted or not available in certain countries due to regulatory reasons.
  • Customer Support
    While Bitcoin.com offers customer support, response times and the effectiveness of support could vary, potentially leading to delays in resolving issues.

Analysis of Bitcoin.com

Overall verdict

  • Bitcoin.com is generally considered a trustworthy and reliable platform for those looking to get started with Bitcoin and other cryptocurrencies. However, users should always conduct their own research and ensure they understand the risks associated with cryptocurrency investments.

Why this product is good

  • Bitcoin.com offers a user-friendly platform for individuals who are new to the world of cryptocurrencies. It provides a range of services including a wallet, exchange, and educational resources that can help users understand and navigate the cryptocurrency landscape. Additionally, the website features news and updates related to Bitcoin and other cryptocurrencies.

Recommended for

    Bitcoin.com is recommended for beginners who want to learn about Bitcoin and start trading or storing cryptocurrencies in a simple and secure environment. It's also suitable for users who value an all-in-one platform that encompasses various cryptocurrency-related services.

Sumsub videos

+ Add

How Sumsub KYC works

More videos:

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

Bitcoin.com videos

+ Add

Hands on with the World's Fastest Bitcoin Wallet - Bitcoin.com Wallet Review

Category Popularity

0-100% (relative to Sumsub and Bitcoin.com)

Sumsub

Bitcoin.com

Identity Verification And Protection
100 100%
Identity Verification And Protection
0% 0
Bitcoin
0 0%
Bitcoin
100% 100
Identity Verification
100 100%
Identity Verification
0% 0
Cryptocurrencies
0 0%
Cryptocurrencies
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 Sumsub and Bitcoin.com

Sumsub Reviews

  1. Vito A
    · Trader ·

    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
The Top 10 KYC (Know Your Customer) Solutions
Sumsub is a user verification platform that is designed to provide an easy onboarding process for trusted users from any country. This helps to ensure regulatory compliance, while minimizing fraudulent activities. With a 30-second onboarding time, the platform offers customizable Know Your Customer (KYC) and Anti-Money Laundering (AML) processes tailored to meet unique...
Source: expertinsights.com
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.
Source: www.techtimes.com

Bitcoin.com Reviews

We have no reviews of Bitcoin.com yet.
Be the first one to post

Social recommendations and mentions

Based on our record, Bitcoin.com seems to be a lot more popular than Sumsub. While we know about 445 links to Bitcoin.com, we've tracked only 8 mentions of Sumsub. 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.

Sumsub mentions (8)

  • Haru Invest referral code: 🚀💰 'HELLO' (March 2023)
    After that you must complete secure KYC process (done via the SumSub company). Source: over 2 years 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 2 years 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 2 years 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 3 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 3 years ago
View more

Bitcoin.com mentions (445)

  • Bare metal Linux wallet?
    Hi all. What I'm looking for I would think would be very simple. I'm looking to run and stake Polkadot on my own server running Linux, and I'd like a standard, full node wallet just like the one I would download from bitcoin.com for Bitcoin. Source: over 1 year ago
  • SideShift.ai has listed MKR, good job! 🎈
    We are a no sign-up crypto exchange and support 100+ assets across multiple chains. We recently hit $1B in total volume and have several key partnerships in the industry with the likes of Trezor, Bitcoin.com, Edge Wallet and more. 🎈. Source: almost 2 years ago
  • New DeFi Listing! - $VERSE by Bitcoin.com
    🎉🚀Exciting news! $VERSE token by Bitcoin.com has made its way to the blockbank #DeFi wallet! Source: almost 2 years ago
  • BlackRock is close to filing for bitcoin ETF, CoinDesk reports
    Just because something describes itself using the publicly-available term "Bitcoin" does not mean it is actually Bitcoin. Examples: bitcoin.com, Bitcoin exchange, Bitcoin credit card, Bitcoin casino, Bitcoin investment, Bitcoin futures, Bitcoin ETF, etc. Source: almost 2 years ago
  • ‘Bitcoin Jesus’ says Ethereum is the front-runner for global crypto adoption
    The grifter that sits on bitcoin.com and r/btc and uses those platforms to flog bitcoin cash (bch). Source: almost 2 years ago
View more

What are some alternatives?

When comparing Sumsub and Bitcoin.com, you can also consider the following products

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

Crypto.com - Buy, earn, and spend cryptocurrencies anywhere 💳

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.

CoinEx - CoinEx is a global and professional digital coin exchange service provider.

Veriff - AI-powered identity verification & fraud prevention software Veriff provides a best- in-class identity verification solution combining AI with in-house experts to maximize accuracy and speed.

Spot bitcoin wallet - Spot is the best place to easily & securely buy Bitcoin. Begin or enhance your cryptocurrency experience with a forward-thinking wallet, a beautiful user interface and innovative features. Powerful, yet easy to use!

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