KYC verification for crypto users

[Jayme]

Hi guys, if you use cryptocurrency all the time, you probably often encounter KYC( know your customer) checks. Not only am I a regular user of cryptocurrency, but I also run a business providing users with digital money trading and buying services. For the security of my platform, I would also like to do verification for new users. How can I implement KYC verification for my platform?

[Brenton]

If you have any financial business or cryptocurrency, be sure to introduce a KYC check on your website for both your security of cryptocurrency transactions and the safety of your regular customers. And then scammers are now a lot in the financial structure.

[Bella33]

The KYC check is now very necessary if you have your own financial institution or you are trading on the cryptocurrency exchange, there are a lot of frauds there and in order to protect them from them you need to introduce the identity of the client on your website.

[Trystan]

I certainly understand what you are talking about KYC, this is one of the most important security components of a cryptocurrency platform, called as know your customer. You can implement this with the company https://kycaid.com/crypto-kyc/, they provide their services to those who want to introduce mandatory basic identity verification on their website or financial platform for the safety of themselves and their clients.

[Brenton]

I practically did not use cryptocurrency, I had very few it, I just exchanged it. But I heard about the check from a good friend who works at the bank that this check was introduced on many sites in order to protect against scammers in the financial sector.

[fuonka]

I also don't have cryptocurrencies and never have. In general, I think that this is a temporary electronic coin and soon this pyramid will collapse like many others. As for the verification, for example, in a bank, for example, without a document confirming your identity, money will not be issued.