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KYC comprises the basic features into three parts and processes:. Click [Get Verified] to begin.
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KYC comprises the basic features into three parts and processes:. Click [Get Verified] to begin.
Many crypto exchanges, for instance, offer special deals for users who complete the KYC onboarding steps. This shows exactly why regulators are so keen for cryptocurrency exchanges to implement robust identity verification and KYC procedures. Note that some crypto exchanges are also required to monitor users on an ongoing basis, for instance by using transaction monitoring. Is KYC mandatory for crypto? Users feel more secure knowing that the platform takes their safety and compliance seriously.
