Basics

KYC (Know Your Customer)

Also called: KYC · identity verification

In shortThe identity check a regulated exchange must do before you can trade or withdraw.

KYC usually means uploading an ID document and a selfie, and sometimes proof of address. It is required by anti-money-laundering rules in most countries.

Never send ID documents to someone who contacts you first, and only do KYC on the exchange's real website or app — fake "verification" pages are a common phishing trick.