KYc meaning and why!

[Mica 308]

It is a ways of asking once information that are used by he owner in a forum or a from of contact address used by a person in his wall for easy identification and others can used to know him on that same information given by him.

[Mark wood 2970]

1 hour ago, Tallest said:

I hope they did especially newbies who just joined this forum not long ago and are willing to join trading line. I believe one day our own yobit exchanger can also be well known as binance exchanger.

Actually yobit is also one of the good exchanger like we can see some of coins are listed on binance and also on yobit so the price is same as both but some of coins are not listed on binance and it has good value in the yobit exchanger and doing movement for good profit as well..

[Tallest 376]

15 minutes ago, Mark wood said:

Actually yobit is also one of the good exchanger like we can see some of coins are listed on binance and also on yobit so the price is same as both but some of coins are not listed on binance and it has good value in the yobit exchanger and doing movement for good profit as well..

Yobit exchanger has a great future ahead i can see because they also offer there users good service and there are good pairs of coins as well, what I like about yobit exchanger again is that they offer there users good airdrop campaigns.

[Mark wood 2970]

1 hour ago, Tallest said:

Yobit exchanger has a great future ahead i can see because they also offer there users good service and there are good pairs of coins as well, what I like about yobit exchanger again is that they offer there users good airdrop campaigns.

That is the main thing if you remember dlrs airdrop that was really profitable in the beginning of trade start of dlrs value was 170 round about and after little time it hit 504 sat so it was really good and if we talk about investment so they still give 20% daily..

[Tallest 376]

On 4/16/2021 at 9:37 PM, basel23 said:

Yes, kyc is one of the types of authentication widespread in the world of cryptocurrencies and it requires the submission of some personal documents.

For me, I do not like to use this documentation.

I support you mate because that is how some hackers as well as scammers do get some of our personal informations and later use it against us when you may have forgotten you perform a KYC verification process in a certain site.

[Luciferlucky 0]

Thank you for this valuable topic .. Actually I do not have an answer to your question .. But looking at the responses of the distinguished old members, I was able to gather an idea about this topic and I think that I got an answer to your question and I hope that you have benefited from the responses of the members .. I wish you and everyone Good luck.

[Hasan1997 530]

Welcome, my friend. KYC is one of the verification systems that have a procedure for entering certain personal information about you when you perform an exchange or trade. I wish you good luck.

[Dadouasaad123 902]

Dear friend, the kyc is a kind of broker that completes your transactions and documents for you, but requires showing your personal information, and this is what makes you lose the secrecy that you have in the world of cryptocurrencies, and also loses the commission that the kyc will take, for this reason I do not deal with them Start .

[hghadeer611 689]

It is a procedure they take to get to know you, as they ask you to disclose your personal information, which may be confidential for some people. For me, I do not like this procedure because they ask for a lot of personal information.

[Judge 529]

Thank you very much dude for asking this important question, before now I was hearing the acronym KYC but I don’t know the full meaning and why do people need KYC, but obviously after reading some post of this platform which created by the senior members I was able to understand the meaning and the reason for KYC.

[ARSALS 419]

My dear friend I don't know about such a thing we have to keep on working to make up the good profit.  Thank you for posting such a good content I have learnt manny things .

[Duaa aldiab 302]

Yes, help us with that . Many of us need financial returns during the day . Imagination makes us think of new things . Imagination makes us out of the ordinary . Imagine things that could be or could not be yes. You must pay attention to everything and be constantly aware of what is happening around you . Attention is very important .

[Ching2218 399]

Now some big exchange need do kyc compulsory because they want their costumers full details, because now in crypto money laundering and illegal activities increase, so some exchange verify our personal details, because unfortunately anything happens then they show account details.

[suheibabd 172]

Kyc is the measure of tracking banks and some companies to obtain personal information that they consider necessary
I personally do not trust any of these sites (but there are some exceptions)
I do not like to provide my complete information on every website I enter
This information may be sold or I may be a victim of a scammer

[Tallest 376]

On 4/17/2021 at 6:24 PM, Minal said:

Using such a method may expose you to theft because you shared your personal information

You actually have a good positive point here my friend and with that information they have gotten, they can later use it against you and by then it will be too late for you to cry because you cannot get access to your account since they will hack and change the password.

[Harry Potter 870]

dear friend I want to tell you that I don't know about the word KYC meaning because I am a beginner and I just start working on this platform so I have to learn a lot of things on this platform with the passage of time I will try to learn more but you should concern to the expert people on this platform they will help you

[Rutherford Two 32]

I don't have idea about KYc.But I read all the comments about this verification system.This is useful and good entering platform on any webpage and any trading exchange websites.

[Tasmem SH 247]

@Saj555 I think you've already get your answer , it's short name of (know your customer) and as many members told you it's a process to know more information about you like "your ID, your phone number and maybe other more information too.

[Mohmad22 695]

My dear friend, any site or program that needs another site related to it, and this is called the detector, as it reveals the identity of the subscribers, and this is done by sending your personal data related to you and this method is not desirable for everyone

[Tallest 376]

23 minutes ago, Danyel said:

Welcome to this great platform. @Alon11. Now some big exchange need do kyc compulsory because they want their costumers full details, because now in crypto money laundering and illegal activities increase, so some exchange verify our personal details, because unfortunately anything happens then they show account details. @Tallest

In that case then i will also support the use of KYC verification process in legit exchangers, but why is it that some top exchangers like binance exchanger as well as yobit exchanger doesn't make KYC verification process mandatory to there users? I don't know if you have answer to this question my friend.

[mannbdul 562]

Kyc is a part of the system of confirming your identity. I do not suggest it for beginners because if you make a mistake and send your personal information to a bogus site, it can use it for a variety of purposes that may cause you major problems, so be cautious. Before submitting your personal information to any site, make sure that it is credible and that you regularly review and analyze the subject.

[Tiger123 19]

kyc stands for know your Customer ..and it is the process of verification that any exchange or wallet ask you to complete.an you can verify your kyc by providing some id's like passport or any national id that shows your citizenship with your country

[Rizwan Niaz 164]

KYC is a verification process. KYC means know your certificate is basically required for exchange sites because you can’t make another account with the saem identification. So they introduced KYC.

[aiham 488]

KYC is an abbreviation of "Know Your Customer" . There are some sites that use this method to verify user identity . They ask the user to send a personal ID or passport photo to confirm his place of residence .

[Amelia1971 1338]

The truth is that I am also new and I have no idea about it but it would be good if someone who has the experience and knowledge on the subject publishes a good explanation for all of us who need it, I will still make my own research to be high and be able to train a little more.