KYC, or "Know Your Customer" or "Know Your Client," is a set of procedures for verifying a customer's identity before or while doing business with banks and other financial institutions.
The point of KYC is to confirm that a customer is who they claim to be and to prevent illegal activities, such as money laundering, funding terrorism, and tax evasion. If we wouldn't perform KYC, we could be liable for those kinds of illegal activities.
We will ask you to follow the guidelines in the following cases:
If you want to deposit fiat;
When we notice a suspicious activity (withdrawal) on your account, we request you to pass KYC before proceeding with your withdrawal processing.
Find the details about the verification processhere
We try to make it as smooth as possible, so we hope for your cooperation and understanding!