KYC

KYC (Know Your Customer) is the process of identifying and verifying a customer of a financial service. On centralized crypto exchanges, KYC may be required to access certain features, limits, or financial operations.

The process may involve providing a name, date of birth, identity document, proof of address, and other information. Exact requirements depend on the jurisdiction and exchange policy.

KYC is part of a broader compliance and risk-control framework and may be used together with AML. The concepts are not identical: KYC primarily establishes customer identity, while AML covers broader measures for detecting and preventing money laundering and related financial risks.