Why KYC is Required?

KYC (Know Your Customer) is a standard process required by global financial regulations. It serves several important purposes:

• Compliance With Regulations KYC ensures that the exchange complies with international Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) requirements. This helps prevent illegal activities such as money laundering, terrorist financing, and fraud.

• User Identity Verification By verifying the identity of each user, the exchange can confirm that accounts are genuine and are not created with stolen or falsified information.

• Account and Asset Security Verified accounts significantly reduce the risk of unauthorized access, identity theft, and fraudulent transactions. This helps protect both users and the platform.

• Improved Service Access Completing KYC often provides users with higher transaction and withdrawal limits, as well as access to more advanced features and services.