KYC (Know Your Customer)

Quick definition

Identity verification — uploading ID documents — required by regulated exchanges.

KYC is the process where an exchange verifies who you are, usually with a government ID and a selfie. It's required by anti-money-laundering laws in most countries.

Proper KYC is a sign of a regulated platform, not a red flag. Platforms advertising 'no KYC' often operate outside regulation, with corresponding risks. Your withdrawal limits typically rise after completing it.