What is KYC: concept, process and benefits
by Dave43

What is KYC: concept, process and benefits    3 mon  
What is KYC: concept, process and benefits
What is KYC verification? KYC is the verification of a user’s identity by requesting personal data. The abbreviation itself comes from the expression ”Know Your Client”, which refers to the procedure of confirming a user’s identity. KYC verification is present at most cryptocurrency exchanges and most often is not mandatory. However, its passing gives the user significant advantages. Different cryptocurrency exchanges have different requirements for KYC, different terms of verification and the benefits a client receives as a result. Many users are reluctant to provide information abo ...   read more


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