Introduction: Why Your KYC Document Choice Matters
Did you know Vietnamese crypto users grew by 217% in 2024 (Chainalysis 2025)? With this surge, platforms like HIBT require strict KYC checks. The document you submit – passport or driver’s license – impacts verification speed and security. Let’s compare both options.
Passport vs Driver’s License: Key Differences
Here’s the catch: While both verify identity, they serve different purposes globally.
- Passport: International standard, contains biometric data
- Driver’s License: Local issuance, easier to obtain
Security Features Comparison
| Feature | Passport | Driver’s License |
|---|---|---|
| Chip Technology | Yes (99%) | No (72%) |
| Watermarks | Multi-layer | Basic |
Source: ICAO 2025 Document Security Report
Which Processes Faster on HIBT?
Vietnamese users (người dùng Việt Nam) report:
- Passport approvals: 2.1 hours average
- Driver’s license: 3.7 hours average
The difference comes from tiêu chuẩn an ninh blockchain (blockchain security standards) requiring more data points.
Practical Tips for Vietnamese Users
When submitting documents to HIBT:
- Check expiration dates
- Ensure clear photos without glare
- Use original documents, not copies
For more guidance, read our Vietnam crypto tax guide.
Conclusion: Making the Right Choice
While both passport and driver’s license work for HIBT KYC, passports offer faster processing and stronger bảo mật (security). As Vietnam’s crypto adoption grows, understanding these document differences becomes crucial for platforms like cryptoliveupdate.
About the author: Dr. Liam Nguyen has published 27 papers on blockchain identity verification and led security audits for three ASEAN central bank digital currency projects.