Know Your Customer (KYC)

DeFi

Know Your Customer (KYC) refers to the process that cryptocurrency exchanges and trading platforms use to confirm the identity of their users. This usually involves collecting personal information and documents to ensure compliance with regulations and to prevent fraud.

Definition: Know Your Customer (KYC) refers to the process that cryptocurrency exchanges and trading platforms use to confirm the identity of their users. This usually involves collecting personal information and documents to ensure compliance with regulations and to prevent fraud.