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Sumsub VS Lumi Wallet

Compare Sumsub VS Lumi Wallet 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
Contents:
  1. » Base Details
  2. » Videos
  3. » Reviews
  4. » Alternatives

Sumsub logo Sumsub

One verification platform to secure the whole user journey

Lumi Wallet logo Lumi Wallet

🥇 Crypto wallet & exchange. Secure, easy & handy.
  • 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).

  • Lumi Wallet Landing page
    Landing page //
    2021-10-28

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

Lumi Wallet

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

Sumsub videos

+ Add

How Sumsub KYC works

More videos:

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

Lumi Wallet videos

+ Add

Buy Crypto in Lumi Wallet

More videos:

  • Review - Lumi Wallet – Review, Crypto Wallet, Description, Bitcoin, BitcoinWiki
  • Review - Lumi wallet — secure, easy & handy wallet and exchange
  • Demo - How to buy Bitcoin with Apple Pay in Lumi Wallet

Category Popularity

0-100% (relative to Sumsub and Lumi Wallet)

Sumsub

Lumi Wallet

Identity Verification And Protection
100 100%
Identity Verification And Protection
0% 0
Crypto
0 0%
Crypto
100% 100
Identity Verification
100 100%
Identity Verification
0% 0
Cryptocurrencies
0 0%
Cryptocurrencies
100% 100

User comments

Share your experience with using Sumsub and Lumi Wallet. For example, how are they different and which one is better?
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Reviews

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

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.
Source: www.techtimes.com

Lumi Wallet Reviews

20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021
Lumi wallet is a user-friendly blockchain wallet. It helps you conduct any transaction in just a few clicks.
Source: www.guru99.com

Social recommendations and mentions

Based on our record, Sumsub should be more popular than Lumi Wallet. It has been mentiond 8 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.

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 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

Lumi Wallet mentions (1)

  • Do you remember that users now can store their STBU tokens in Lumi Wallet?
    Lumi Wallet is a non-custodial crypto wallet for BTC, ETH, DOGE, EOS, BCH, ERC-20, and +1200 other coins. Source: about 2 years ago

What are some alternatives?

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

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

Toshi - A browser for the Ethereum network

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.

MetaMask.io - A crypto wallet & gateway to blockchain apps

Veriff - Smart and scalable identity verification.

Coinbase - Bitcoin, safe and easy.

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