What is KYC?
Customer identity verification required by exchanges.
Details
KYC (Know Your Customer) is the identity verification exchanges run to comply with anti-money-laundering rules, usually requiring an ID document and facial recognition. It supports account security and unlocks full trading and withdrawal limits. Always submit documents through the official platform and beware of phishing sites collecting identity data.
Key Points
- Regulatory requirement for anti-money-laundering and security
- Usually involves an ID document and facial check
- Submit only via official platforms; watch for phishing
FAQ
What is KYC?
Customer identity verification required by exchanges.
What are the key points about KYC?
KYC (Know Your Customer) is the identity verification exchanges run to comply with anti-money-laundering rules, usually requiring an ID document and facial recognition. It supports account security and unlocks full trading and withdrawal limits. Always submit documents through the official platform and beware of phishing sites collecting identity data.
Is this term related to a specific coin?
It applies broadly across the crypto industry.
Related
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