Why kyc is need and its important ?

[Rehaan 380]

Its critical to do KYC on the grounds that doing it your record get ensured well indeed and your coins can be put away securely and as we as a whole realize that there is dangerous circumstance and these days the trades are not ensured well on the grounds that there are loads of scammers and programmers..

[Alish198562 436]

For me, I do not prefer working in sites that require authentication, know your customer, because they need my personal data, and sites may be unsafe and they exploit this data in illegal operations.

[Anower 79]

KYC is important for our safety. It saves us from hackers. Now a days there are lot of hackers which hacks our money. Through KYC we can save our money and beware from hackers. In most of cryptocurrency KYC and 2FA code is important.

[Adam X 323]

KYC is very important to identify your investors, also to verify the sources of the client's funds and requiring detailed anti-money laundering information from the clients. Getting the detailed information about your customer protects both parties in a business transaction and prevents fraud.

[Shajada 115]

KYC It's important for some project or international exchange, Even we didn't want to pass it but i think it's normal since some project or exchange just need meet requirement on their based country to prevent Money laundring but always be careful to give your data!

[Maria karam 667]

As for me, I do not like doing kyc while registering on sites and platforms, and I love using encrypted currencies because they are decentralized and provide us with a lot of privacy and I hope that more decentralized platforms will be created as well.

[Serbberq 724]

This helps to verify the account to increase the rate of trading in the market, but this most of all is used to know that you are an active user in the exchange and they give us great benefits for us, this means that we will have more profits If we are verified that we trade anonymously, I can tell you that they give us rewards for having verified our account and we regulate the trade better.

[Mica 308]

Kyc is a security treat that is used to check some thing on you and your transaction before it should be fully yours and also to be sure if the income is going to the right person that they want to send the income to, it help is figuring things in a platform's.