What is KYC?
KYC stands for 'Know Your Customer' — the identity checks many platforms perform to meet regulatory requirements. You typically provide ID and personal details to use regulated services.
Why platforms do it
Regulated exchanges and ramps are generally required to verify customer identities to comply with laws aimed at preventing illicit activity.
What it involves
Usually submitting a government ID and some personal information, and sometimes a photo. Once verified, you gain fuller access to the platform's services.
KYC is a near-universal step on regulated platforms. Knowing what to expect avoids surprise and helps you choose where to share sensitive data.
It's the crypto equivalent of showing ID to open a bank account — a verification step before you can fully use the service.
- You're sharing sensitive personal data — use reputable platforms.
- Data breaches at platforms can expose KYC information.
- Avoiding KYC through unofficial channels often means higher fraud risk.
Practice verification in the Wallet Simulator
Related questions
Last reviewed 2026-06-25. This topic can change over time; always confirm current specifics from primary sources.