Software Alternatives, Accelerators & Startups

Sumsub VS Monero

Compare Sumsub VS Monero and see what are their differences

Sumsub logo Sumsub

One verification platform to secure the whole user journey

Monero logo Monero

Monero is a secure, private, untraceable currency. It is open-source and freely available to all.
  • 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).

  • Monero Landing page
    Landing page //
    2022-01-15

Monero

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Sumsub videos

How Sumsub KYC works

More videos:

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

Monero videos

Monero Review: Why XMR NEEDS Your Attention

More videos:

  • Review - Monero Review | Cripple Mine Explained
  • Review - Monero Review - The #1 Privacy Coin?

Category Popularity

0-100% (relative to Sumsub and Monero)
Identity Verification And Protection
Business & Commerce
0 0%
100% 100
Identity Verification
100 100%
0% 0
Productivity
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 Sumsub and Monero

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.

Monero Reviews

20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021
Monera is an easy to use bitcoin wallet, which is fast, private, and secure. You can send your money safely to other users. These wallets are available for a variety of platforms and contain everything you need to use Monero immediately.
Source: www.guru99.com

Social recommendations and mentions

Based on our record, Sumsub should be more popular than Monero. 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

Monero mentions (3)

What are some alternatives?

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

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.

Litecoin - Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world.

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

Bitcoin - Bitcoin is an innovative payment network and a new kind of money.

Veriff - Smart and scalable identity verification.

Ethereum - Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.