KYC is a method of identity verification that as its acronym indicates Know Your Customer is applied by a large number of pages (especially exchanges) where the person is asked for a series of personal documents to verify their identity, really little use this type of sites where they request KYC because it is very unsafe to be sending all these personal documents without knowing where to go for that information.
KYc meaning and why!
in For Beginners
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KYC is a method of identity verification that as its acronym indicates Know Your Customer is applied by a large number of pages (especially exchanges) where the person is asked for a series of personal documents to verify their identity, really little use this type of sites where they request KYC because it is very unsafe to be sending all these personal documents without knowing where to go for that information.