1. What Is KYC?
KYC (Know Your Customer) is a regulatory requirement for crypto platforms to verify user identity.
It prevents:
- Fraud
- Money laundering
- Account misuse
- Unauthorized withdrawals
2. Required Documents
Most exchanges require:
- Passport / National ID / Driver’s license
- A selfie or face verification
- Sometimes proof of address (bank statement, utility bill)
3. How KYC Verification Works
- Upload your identity document
- Perform face scan or selfie verification
- Wait for automated or manual review
- Receive approval notification (usually within minutes)
4. Benefits of Completing KYC
- Higher withdrawal limits
- Access to card deposits/withdrawals
- Access to P2P trading
- Improved account recovery protection