What is Know Your Customer (KYC)?

Know Your Customer (KYC) is a set of procedures used by crypto trading platforms to verify the identity of their users and evaluate their financial activities and risks.The company will ask for personal information like name, birthdate, address and ID number. This process helps protect the platform from illegal activities like money laundering or fraud.The required documents may vary depending on the country. The company also uses advanced security to protect personal information shared by customers.