28 September 2023

DISCLAIMER: Leverex currently only requires email verification to create an account.

Simplifying User Registration: Auth eID's Role in Enhancing Leverex's Services.

Auth eID and Leverex Partnership

With Auth eID, our users identify themselves, log in our service, and sign agreements. With fast and secure identification, onboarding is a QR scan away without unnecessary risks to businesses or to people's privacy. We think that's safe.

With harmonized digital identification across multiple Liquid Network services, Auth eID simplifies onboarding across services. Auth eID can be used today with both Leverex and PEGx.

Getting Started with Leverex

For now, to sign up with Leverex it is enough to download the Auth eID app, register and validate your email.

1. Download the Auth eID App: If you haven't already, start by downloading the Auth eID app from your device's app store. It's available on both Android and iOS platforms.

2. Verify Your Email Address with Auth eID: To ensure your security, Auth eID requires you to verify your email address. This initial step establishes trust in the system. Furthermore, this allows you to continue your journey on Leverex derivatives platform.

3. Sign up on Leverex. Simply press register and scan the QR code to get access to the Leverex derivatives trading platform.

Should you want to know more about authenticating your identity with Auth eID for other reasons instructions Auth eID provides a comprehensive guide to help you make the most of their services.

User Control and Privacy

One of Auth eID's core principles is giving users control over their digital identities. With Auth eID, you decide when and where your digital identity details are shared. This user-centric approach is rooted in the belief that you should have the final say in how your digital identity is used.

Identity based on your passport. To activate your Auth eID identity, you need a valid biometric passport. Auth eID will display the same image and details as the passport it was derived from. It will also carry the same validity period.

QR code for stronger validation. Scanning the QR code gives a stronger control that fulfills the requirements of a so called proven and reliable identification. When you use our interface, you also get proof of identification. Validation by scanning the animated QR code meets the following requirements:

• Trust level 3 according to the Swedish eID quality mark.
• Trust level “Substantial” in accordance with the eIDAS regulation.
• Strong Customer Authentication (SCA) according to PSD2.

Public Key Infrastructure for secure signing and messaging. Public Key Infrastructure (PKI) is a technology for authenticating users and devices in the digital world. The purpose of a PKI is to securely associate a key with an entity.

Among the main design points of PKI:

• Feature rich certificate-based authentication & signing using X.509 standard.
• A certification model that does not rely on single signers, but rather a K-of-N trust model, so that no single compromised Certificate Authority or government could forge certificates for anyone at will.
• Powerful access control lists for authorizing operations.

Benefits for Organizations

Auth eID's benefits extend beyond individuals to organizations as well. By enabling secure logins, signing requests, and providing identification and KYC (Know Your Customer) information, Auth eID streamlines processes for businesses and authorities.

In addition to saving time and reducing administrative work, Auth eID helps organizations comply with the General Data Protection Regulation (GDPR). In a time when data privacy and compliance are of utmost importance, Auth eID offers a solution that aligns seamlessly with these requirements.

Conclusion

Auth eID is more than just a digital identity solution; it's a key to a safer and more controlled online world. By putting the power over digital identities back in the hands of users, Auth eID empowers individuals and organizations alike.

For partners like Leverex, Auth eID offers a streamlined approach to user registration. With Auth eID, signing up is quick and straightforward, requiring only a verified email on Auth eID – no other details are needed. This simplified process not only enhances the user experience but also makes life easier for Leverex by speeding up customer onboarding. It's a win-win situation where security and simplicity work in harmony.

We encourage you to take control of your digital identity today. Download the Auth eID app, verify your email address, add your identity details, and explore the services offered. It's a simple yet powerful step toward a more secure and private online experience.